Property investors who have had real estate in Redhead, 2290 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.14%
Taking the average capital gain, or increase in median house value, Redhead,2290 has racked up an average of 15.14% over the period. This ranks it number 1676th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Redhead is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 29th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Redhead the average time real estate has been on the market is 45.22 days.
Using the current median advertised rental of $470 and the average annual increase in value of a median property of 5.29%, investors should hope to achieve an overall return of 2.99%