Redlynch, 4870 ranked 586th in QLD when comparing growth in median property values or capital gain over the last 12 months. Redlynch is one of 2415 in our list for QLD
Over the longer term, Redlynch has seen property prices show investors a 8.90% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Redlynch are currently offering property investors an average price cut of -5.83% below the asking price at the moment.
At number 1722 in a list of fastest selling suburbs, Redlynch is just in the top half of suburbs in Australia with an average of days on market 77.33 for properties listed there.
With the median price for a house in Redlynch being $465000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 5.03%
Property investors who have had real estate in Redlynch, 4870 should be ok 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 3.81%
If we look at median property appreciation over just the last three months, Redlynch has given property investors a paper return of 1.03%. This puts Suburb as 107 on a list of fastest fasting appreciating suburbs in QLD
Property investors looking for a bargain in Redlynch should be aiming for at least -6.19% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Redlynch have been waiting around 92.65 days to sell a property.
Using the current median advertised rental of $312.5 and the average annual increase in value of a median property of -0.71%, investors should hope to achieve an overall return of 6.63%