Housing market trends over the last 12 months
A slight rise in Mareeba’s housing prices is welcomed but the overall market is still struggling.
There has been 150 houses sold in Mareeba in the past 12 months with a median sale price of $312,000. This falls short $200,000 of the national average which is $485,000.
The median price change in the past year is up 0.73 per cent however, it still falls short of the national average 4.30 per cent.
With 209 houses currently sitting on the market, it is a tough time for homeowners looking to sell their properties. The figures show that on average it takes 125 days to sell a house with vendors discounting properties by 7.19 per cent.
Renters are in a similar position as the rental prices in Mareeba fall just below the national average. The rental prices in Mareeba are currently $335 per week with the national average of $395. The average median prices in Mareeba is 5.6 per cent, sitting above the national average of 4.24 per cent.