Property investors have seen a 3.05% gain in MAREEBA based on an increase 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 $312,250
Profits averaged 0.6% 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 5.58%.
An average of 12.5 real estate transactions take place per month in MAREEBA which translates to 150 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.73%||N/A|
|Median 3 years||1.79%||N/A|
|Median 5 years||10.53%||N/A|
|10 years average annual||1.94%||N/A|
|Weekly media advert. rent||$335||N/A|
|Time on Market||125.2 days||N/A|
|Gross Rental Yield Percent||5.58%||N/A|