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PRD Maryborough  →  Research Hub  →  Maryborough Property Factsheet 2nd Half 2018

Maryborough Property Factsheet 2nd Half 2018

The Maryborough property market recorded a median house price of $205,000 in Q3 2018, a softening of -2.0% over the past 12 months (Q3 2017 – Q3 2018). Compared to the Maryborough 1st half 2018 Research Factsheet, which reported an annual (Q1 2017 – Q1 2018) price change of -1.3% houses, there is a relatively stable trend. This provides confidence to current home owners, as their house value and potential capital growth remains stable.

The Maryborough property market recorded a median house price of $205,000 in Q3 2018, a softening of -2.0% over the past 12 months (Q3 2017 – Q3 2018). Compared to the Maryborough 1st half 2018 Research Factsheet, which reported an annual (Q1 2017 – Q1 2018) price change of -1.3% houses, there is a relatively stable trend. This provides confidence to current home owners, as their house value and potential capital growth remains stable.

Over the past 12 months between 2017 – 2018 all individual suburbs focused upon in this report have experienced positive growth, except for Tiaro. Granville has proven to show high and consistent median price growth, both over the past 12 months between 2017 – 2018 at 14.1% and over the past 24 months between 2016-2018 at 3.0%.

Median house prices in the Fraser Coast Region has remained relatively stable between Q3 2017 – Q3 2018, at $322,250 in Q3 2018. Maryborough provides more affordable housing options when compared to the wider Region.

Weekly median rent for houses in Maryborough increased by 5.8% to $275 over the past 12 months. Investors are benefiting from rental yields of 5.2% (house) and 5.8% (units), higher than Fraser Coast area (houses: 4.6%, units: 5.3%) and greater than Brisbane Metro (houses: 3.8%; units 5.0%). Maryborough is an ideal market for first time investors as it is affordable with high rental yields.

According to ABS Census 2016 35.7% of private dwellings in Maryborough were rented, slightly higher than the Queensland average of 34.2% and an improvement from the 34.3% reported in 2011. This is good news for those looking to invest in the area.

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