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%.