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Property investors have seen a 2.94% 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 $350,000
Profits averaged 3.27% 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 $330 based on current median home prices for the suburb.
The gross rental yield in MAREEBA, 4880 is 4.9%.
An average of 11 real estate transactions take place per month in MAREEBA which translates to 132 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $350,000 | $230,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.94% | N/A |
| Median 12 month | 9.38% | N/A |
| Median 3 years | 9.8% | N/A |
| Median 5 years | 18.64% | N/A |
| 10 years average annual | 1.5% | N/A |
| Weekly media advert. rent | $330 | $277.5 |
| Time on Market | 114.0 days | 0.0 days |
| Gross Rental Yield Percent | 4.9% | 6.27% |
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