Property market update: Perth, November 2018
The Perth property market continues to show signs of positivity through record high employment levels and low residential vacancy rates, dri...
Property investors have seen a 3.33% 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 $309,999
Profits averaged 2.61% 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 $310 based on current median home prices for the suburb.
The gross rental yield in MAREEBA, 4880 is 5.2%.
An average of 12.83 real estate transactions take place per month in MAREEBA which translates to 154 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $309,999 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.33% | N/A |
| Median 12 month | -1.2% | N/A |
| Median 3 years | 7.83% | N/A |
| Median 5 years | 11.51% | N/A |
| 10 years average annual | 1.04% | N/A |
| Weekly media advert. rent | $310 | N/A |
| Time on Market | 119.7 days | N/A |
| Gross Rental Yield Percent | 5.2% | N/A |
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