Property investors who have had real estate in Mareeba, 4880 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.73%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mareeba has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -7.19% to buyers in Mareeba at the moment, which is less than average for the rest of QLD.
With the median price for a house in Mareeba being $312250 and the advertised rent reaching $335 the gross rental yield for property investors calculates out to be 5.58%