Investment property in Redwood Park 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 2.70%
While Redwood Park,5097 ranked number 133th in SA for increase in median house value (annualised) increase, it is ranked 120th over the last 5 years.
Vendor discounting in Redwood Park is giving property investors an average Vendor Discount of around -4.05%. This puts suburb at number 362th in SA when ranking the most discounted suburbs.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.60%, investors should hope to achieve an overall return of 4.65%