Suburb Profile Report for Red Cliffs VIC (3496)

Red Cliffs House: Median price $177,000, Annual capital growth 1.16%, Number of sales 78, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Red Cliffs, 3496 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.14%.

Taking the average capital gain, or increase in median house value, Red Cliffs,3496 has racked up an average of 1.14% over the period. This ranks it number 2826th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Red Cliffs are currently offering property investors an average price cut of -10.53% below the asking price at the moment.

On average over the past year, suburb has had 6.50 sales per month, which equates to 78 per year.

The VIC suburb of Red Cliffs, 3496 is in the Mildura local government area.

HOUSE UNIT
$177,000 N/A
-1.67% N/A
1.14% N/A
1.16% N/A
$255 N/A
78 N/A
7.49% N/A
70.08 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Red Cliffs VIC
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
Chart Table
Recent sales & rentals