Property investors who have had real estate in Redland Bay, 4165 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.32%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Redland Bay has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Redland Bay should be aiming for at least -4.26% off the asking price, which is the average vendor discount being achieved at the moment.
A $465 per week rent on the median house gives suburb investors a gross yield of circa 4.50%, without taking into account capital value appreciation, which has been averaging out at 3.08%.
At number 821th in the list of Australian suburbs ordered by increase in median house value over the last year, Redland Bay, 4165 is in the top half with a property value increase of 3.71% recorded in median house prices.
Comparing Redland Bay,4165 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Using the current median advertised rental of $470 and the average annual increase in value of a median property of -0.01%, investors should hope to achieve an overall return of 5.49%