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Property investors have seen a -1.45% 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 $340,000
Profits averaged 2.93% 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 $335 based on current median home prices for the suburb.
The gross rental yield in MAREEBA, 4880 is 5.12%.
An average of 13.25 real estate transactions take place per month in MAREEBA which translates to 159 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $340,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.45% | N/A |
| Median 12 month | 3.03% | N/A |
| Median 3 years | 8.8% | N/A |
| Median 5 years | 11.48% | N/A |
| 10 years average annual | 1.35% | N/A |
| Weekly media advert. rent | $335 | N/A |
| Time on Market | 112.8 days | N/A |
| Gross Rental Yield Percent | 5.12% | N/A |
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