Investment property in Redlynch has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.64%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Redlynch has increased when compared to the 5 year average annual rate.
The most recent median price for Redlynch is $476750, with sellers offering an average of -6.24% off the asking price.
With the median price for a house in Redlynch being $476750 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.91%
Over the last year, property investments in Redlynch, 4870 have given investors a capital gain of 16.14%. This compares very favourably with the 0.77% for QLD as a whole.
A 27.50% growth in median value for property investors in Redlynch,4870 puts this suburb at number 34th in terms of best performing suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Redlynch is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 78th in terms of most discounted suburbs in QLD
Advertised rents are around the $310 mark per week – giving a return of 6.31% based on the median price in Suburb