VIC has seen average median house prices change by 8.06% which means that Riddells Creek, 3431 has done well for property investors by showing a capital gain of 9.83% over the last year
Taking the average capital gain, or increase in median house value, Riddells Creek,3431 has racked up an average of 9.83% over the period. This ranks it number 2510th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Riddells Creek 3431 should be seeing an average reduction in asking price of around -4.19% . This means that Riddells Creek is holding prices well when compared to other suburbs in VIC.
At number 2040 in a list of fastest selling suburbs, Riddells Creek is just in the bottom half of suburbs in Australia with an average of days on market 85.2 for properties listed there.
Using the current median advertised rental of $365 and the average annual increase in value of a median property of 5.92%, investors should hope to achieve an overall return of 3.80%