Over the last year, property investments in Redlynch, 4870 have given investors a capital gain of 4.24%. This compares averagely with the 2.40% for QLD as a whole.
Redlynch,4870 was ranked 2519 in Australia by increase in median property value over the quarter.
The most recent median price for Redlynch is $479500, with sellers offering an average of -5.95% off the asking price.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 4.77%, without taking into account capital value appreciation, which has been averaging out at 3.11%.
Property value increases in Redlynch have tracked higher than the QLD average of 1.47% over the last 12 months.
Redlynch,4870 was ranked 55 in Australia by increase in median property value over the quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.70% offered to property buyers. Sellers in Redlynch itself are offering an average vendor discount of -7.84% to real estate investors.
With the median price for a house in Redlynch being $258750 and the advertised rent reaching $307.5 the gross rental yield for property investors calculates out to be 6.18%