Suburb Profile Report for Red Cliffs VIC (3496)

Red Cliffs House: Median price $180,000, Annual capital growth 1.71%, Number of sales 76, Weekly median advertised rent $260

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Red Cliffs is in the bottom 30% in VIC when comparing median price capital growth over the last year. Red Cliffs gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.55%.

While Red Cliffs,3496 ranked number 459th in VIC for increase in median house value (annualised) increase, it is ranked 542th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Red Cliffs, 3496. Typically our figures indicate that -8.95% is being offered, which puts this VIC suburb at 542th most discounted overall in Australia.

At number 1438 in a list of fastest selling suburbs, Red Cliffs is in the TOP 40% of suburbs in Australia with an average of days on market 70.19 for properties listed there.

A $260 per week rent on the median house gives suburb investors a gross yield of circa 7.51%, without taking into account capital value appreciation, which has been averaging out at 1.71%.

HOUSE UNIT
$180,000 N/A
0.00% N/A
1.55% N/A
1.71% N/A
$260 N/A
76 N/A
7.51% N/A
70.19 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 4626
Median household income ($/weekly) 819
Median age of persons 41
Median housing loan repayment ($/monthly) 1083
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 629 13.6
    25-34 years 435 9.4
    35-44 years 588 12.7
    45-54 years 713 15.4
    55-64 years 582 12.6
    Others 1679 36.3
    Age Group
    Census Count Percent(%)
    Registered Married 1590 48.1
    Not Married 1387 41.9
    Defacto Relationship 331 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4009 91.3
    Japan 68 1.5
    Papua New Guinea 45 1.0
    United Kingdom 96 2.2
    Other 44 1.0
    Others 131 3.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 0.6
    Christianity 2730 65.8
    Islam 35 0.8
    Other Religious Groups 16 0.4
    No Religion 1339 32.3
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 182 11.9
    $400-$599 230 15.0
    $600-$799 194 12.7
    $800-$999 192 12.5
    $1,000-$1,249 155 10.1
    Others 577 37.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1461 41.3
    Employed, worked full-time 1189 33.6
    Employed, worked part-time 609 17.2
    Unemployed, looking for work 146 4.1
    Employed, away from work 130 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 306 15.8
    Professionals 232 12.0
    Technicians & trades workers 256 13.3
    Sales 217 11.2
    Labourers 371 19.2
    Others 549 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 70 7.1
    Infants/Primary 360 36.5
    Secondary 375 38.0
    Technical or Further Educational Institution 95 9.6
    University or other Tertiary Institutions 60 6.1
    Others 26 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4030 94.2
    Semi-detached, row or terrace house, townhouse 116 2.7
    Flat, unit or apartment 93 2.2
    Caravan, cabin, houseboat 29 0.7
    House or flat attached to a shop, office 8 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 647 38.6
    Fully owned 573 34.1
    Rented 445 26.5
    Other tenure type 13 0.8
    Tenure Type
Census 2011, ABS
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