Property investors have seen a 3.05% 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 $312,250
Profits averaged 0.6% 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 $335 based on current median home prices for the suburb.
The gross rental yield in MAREEBA, 4880 is 5.58%.
An average of 12.5 real estate transactions take place per month in MAREEBA which translates to 150 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $312,250 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.05% | N/A |
| Median 12 month | 0.73% | N/A |
| Median 3 years | 1.79% | N/A |
| Median 5 years | 10.53% | N/A |
| 10 years average annual | 1.94% | N/A |
| Weekly media advert. rent | $335 | N/A |
| Time on Market | 125.2 days | N/A |
| Gross Rental Yield Percent | 5.58% | N/A |
If Apra think they are going to lower...
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Great post! I must appreciate that you...