Mareeba

POSTAL CODE: QLD, 4880

HOUSE

UNIT

Property investors have seen a 1.92% gain in MAREEBA based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on MAREEBA, 4880 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 13.04%.

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 $585,000

Profits averaged 14% 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 $550 based on current median home prices for the suburb.

The gross rental yield in MAREEBA, 4880 is 4.89%.

An average of 18.67 real estate transactions take place per month in MAREEBA which translates to 224 per annum.

Property investments in MAREEBA did not fare well against the rest of the country last year, registering a median home price decrease of -9.29%.

Figures from the previous quarter show that capital gains for real estate buyers in MAREEBA are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MAREEBA, 4880 saw average growth in the long term.

This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In MAREEBA, homes and units usually stay on listing for an average of N/A.

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 $420,000

Investors saw the median home price rise to $420,000.

MAREEBA ranks 108th on the list of best yielding suburbs for rental properties in QLD, posting a 4.7% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$585,000	$420,000
Growth Report
Median Quarterly	1.92%	10.82%
Median 12 month	13.04%	-9.29%
Median 3 years	42.68%	64.71%
Median 5 years	63.87%	0%
10 years average annual	6.91%	11.5%
Weekly media advert. rent	$550	$380
Time on Market	49.4 days	N/A
Gross Rental Yield Percent	4.89%	4.7%

Demographics (Median Values)*

Total Population 8996

Weekly Household Income 729

Household Size 2.50

Average Age 40

Monthly Loan Repayment 960

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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