Property investors have seen a -4% drop in MAREEBA based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MAREEBA, 4880 saw average growth in the long term.
The QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $300,000
Profits averaged 0.97% per annum over a 3-year period, due to an upward trend in home prices in MAREEBA, 4880.
This means, real estate investors could earn a rental income of $310 based on current median home prices for the suburb.
The gross rental yield in MAREEBA, 4880 is 5.37%.
An average of 13.08 real estate transactions take place per month in MAREEBA which translates to 157 per annum.
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