What rent, values look like under Labor: New modelling
An updated modelling of the Labor government’s proposed changes to negative gearing has found that yields are likely to go up while prices...
Property investors have seen a 0.45% 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 $335,000
Profits averaged 3.73% 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 $320 based on current median home prices for the suburb.
The gross rental yield in MAREEBA, 4880 is 4.97%.
An average of 11.58 real estate transactions take place per month in MAREEBA which translates to 139 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $335,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.45% | N/A |
| Median 12 month | 6.35% | N/A |
| Median 3 years | 11.2% | N/A |
| Median 5 years | 13.56% | N/A |
| 10 years average annual | 1.58% | N/A |
| Weekly media advert. rent | $320 | N/A |
| Time on Market | 111.3 days | N/A |
| Gross Rental Yield Percent | 4.97% | N/A |
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