Property investors who have had real estate in Redcliffe, 6104 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.06%
When looking at the potential capital gains offered to property investors over the last 3 years, Redcliffe comes in at number 287th in WA.
Vendor discounting in Redcliffe is giving property investors an average Vendor Discount of around -7.85%. This puts suburb at number 164th in WA when ranking the most discounted suburbs.
Redcliffe has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -10.57% to date .
While Redcliffe,6104 ranked number 51th in WA for increase in median house value (annualised) increase, it is ranked 85th over the last 5 years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.57% offered to property buyers. Sellers in Redcliffe itself are offering an average vendor discount of -6.77% to real estate investors.
Renters in Suburb are facing rents around $4140 per annum or $345 every week.