Investment property in Red Hill has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%
A 23.64% growth in median value for property investors in Red Hill,4059 puts this suburb at number 443th in terms of best performing suburbs in QLD
Red Hill4059 is located in QLD which offers an average discount of -7.16% to property investors. Red Hill itself is showing figures that indicate -7.52% is the average achievable by property buyers investing in the suburb.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.36%, without taking into account capital value appreciation, which has been averaging out at 5.35%.
QLD has seen average median house prices change by 0.48% which means that Red Hill, 4059 has done well for property investors by showing a capital gain of 11.29% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Red Hill has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Red Hill are currently offering property investors an average price cut of -7.10% below the asking price at the moment.
With the median price for a house in Red Hill being $512500 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.75%