If you compare the increase in value of investment property in Mareeba, 4880 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 0.83%.
Taking the average capital gain, or increase in median house value, Mareeba,4880 has racked up an average of 0.83% over the period. This ranks it number 2686th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Mareeba is $305000, with sellers offering an average of -8.94% off the asking price.
At number 3452 in a list of fastest selling suburbs, Mareeba is in the bottom 10% of suburbs in Australia with an average of days on market 135.74 for properties listed there.
A $335 per week rent on the median house gives suburb investors a gross yield of circa 5.71%, without taking into account capital value appreciation, which has been averaging out at 3.01%.