Property investors have seen a -3.17% 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 $305,000
Profits averaged -1.56% per annum over a 3-year period, due to an downward trend in home prices in MAREEBA, 4880.
This means, real estate investors could earn a rental income of $332.5 based on current median home prices for the suburb.
The gross rental yield in MAREEBA, 4880 is 5.67%.
An average of 12.67 real estate transactions take place per month in MAREEBA which translates to 152 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2.94%||N/A|
|Median 3 years||-4.69%||N/A|
|Median 5 years||8.93%||N/A|
|10 years average annual||1.35%||N/A|
|Weekly media advert. rent||$332.5||N/A|
|Time on Market||122.5 days||N/A|
|Gross Rental Yield Percent||5.67%||N/A|