At number 3243th in the list of Australian suburbs ordered by increase in median house value over the last year, Mooroobool, 4870 is in the BOTTOM 30% with a property value increase of -1.37% recorded in median house prices.
Across a shorter period, Mooroobool, 4870 has seen a median price increase of 1.05% over the last quarter.
Property buyers and investors in Mooroobool 4870 should be seeing an average reduction in asking price of around -7.33% . This means that Mooroobool is holding prices well when compared to other suburbs in QLD.
In the last year 101 properties changed hands in Mooroobool, which puts it as the 229th most active market in QLD when comparing the number of sales per suburb.
The QLD suburb of Mooroobool, 4870 is in the Cairns local government area.
With a capital gain of -0.75% for the last 12 months, Mooroobool, 4870 has performed for property investments than its average annual -1.23% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mooroobool has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Mooroobool is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 16th in terms of most discounted suburbs in QLD
Property investors should expect to get $290 weekly from the median priced house in this suburb.