With a capital gain of 6.11% for the last 12 months, Mareeba, 4880 has performed for property investments than its average annual 3.48% property growth over the last 5 years.
Over the longer term, Mareeba has seen property prices show investors a 9.74% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Mareeba are currently offering property investors an average price cut of -8.41% below the asking price at the moment.
With the median price for a house in Mareeba being $312750 and the advertised rent reaching $335 the gross rental yield for property investors calculates out to be 5.57%