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Mareeba, QLD 4880

Home » QLD Real Estate Data » Mareeba Shire, QLD » Mareeba, QLD 4880

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Mareeba, QLD 4880 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Mareeba, QLD 4880”

  1. The total adult population (15 years or older) of Mareeba 4880 QLD is 9,654, with a median age of 41. Of those, 43.18% are married, 13.06% are divorced or separated, 37.34% are single and 6.46% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $6,428. The median monthly mortgage repayment for households in this suburb is $1,495 which is 23.26% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of MAREEBA, nestled in Queensland and home to approximately 6053 households, offers a glimpse into a dynamic market within Australia’s property diaspora. As of Q3 2023, the market data reveals an average price for houses in MAREEBA as $440,791, while the median weekly rent seems to hover around $420. Such conditions yield an indicative yield of 4.95% – a statistic that satisfies the cash flow centred requirements of local and international property investors alike.

    The socio-economic score, calculated under the IRSAD metric for MAREEBA stands at 906 out of a possible 1217. This score reflects a satisfactory socio-economic climate in the area, fostering a balanced mix of income levels and professional skills within the residents.

    From a demand perspective, the renter to owner ratio constitutes 30% – a figure quite favourable, given the ideal threshold doesn’t exceed 45%. Meanwhile, units only make up 3% of residential properties in the area – presenting an enticing proposition for investors. The demand for houses pairs well with a relatively low competition among landlords and long tenancy periods are mostly enjoyed due to an influx of families.

    The all-important affordability index reveals that, on average, it would take a tenant 27 years to fully own a property in MAREEBA, assuming a standard 30-year mortgage is obtained. This figure is favourable and indicates an affordable market climate prevalent in the suburb.

    On the supply front, the stock on market percentage resides at a mere 0.27%, indicating a low supply and potentially higher competition among buyers. Furthermore, the inventory level, which reflects the market’s absorption rate, stands at an encouraging 1.29 months. Meanwhile, the Building Approval Ratio is calculated at 1.03%, well within the favourable range suggestive of a balanced supply of new residential buildings.

    Such balanced supply dynamics are further supplemented by other demand metrics such as days on market for houses, which clocks up an average of 78 days. In addition, low vacancy rates of 0.22% project high occupancy rates and indicate a market facing high demand.

    Lastly, MAREEBA manifests a buy search index for houses at a level of 3, considering the state or city average as 5. While this may imply modest demand, it’s worth factoring in other favourable metrics while evaluating this statistic in the final decision-making process.

    So, while it is of utmost importance to consider each metric and its trend to understand the bigger picture, the RCS metric can simplify this research task using 80+ parameters in its evaluation. This overview should pave the way for a more in-depth analysis of MAREEBA’s property market, allowing for considered investment opportunities in this idyllic Queensland suburb.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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