Property value increases in Redcliffe have tracked just higher than the QLD average of 2.38% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Redcliffe has increased when compared to the 5 year average annual rate.
The most recent median price for Redcliffe is $425000, with sellers offering an average of -5.94% off the asking price.
Redcliffe is an average performer in QLD when comparing median price capital growth over the last year. Redcliffe gave property investors a good capital gain figure when compared to the rest of the state, with 2.97%.
Across a shorter period, Redcliffe, 4020 has seen a median price increase of 4.38% over the last quarter.
At number 242th of QLD’s most discounted properties, Redcliffe is in the TOP 30% of the state/territory when listing in order of most discounted to least.
At number 975 in a list of fastest selling suburbs, Redcliffe is in the bottom 40% of suburbs in Australia with an average of days on market 89.56 for properties listed there.
With the median price for a house in Redcliffe being $381000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.78%