Redcliffe is in the bottom 30% in WA when comparing median price capital growth over the last year. Redcliffe gave property investors a disappointing capital gain figure when compared to the rest of the state, with -8.50%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Redcliffe has increased when compared to the 5 year average annual rate.
The most recent median price for Redcliffe is $457500, with sellers offering an average of -8.58% off the asking price.
On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.
WA has seen average median house prices change by -3.64% which means that Redcliffe, 6104 has not done well for property investors by showing a capital gain of -7.54% over the last year
Property buyers and investors in Redcliffe 6104 should be seeing an average reduction in asking price of around -6.04% . This means that Redcliffe is holding prices well when compared to other suburbs in WA.
Often selling an investment property can take time, and in Redcliffe the average time real estate has been on the market is 72.18 days.
A $327.5 per week rent on the median house gives suburb investors a gross yield of circa 4.63%, without taking into account capital value appreciation, which has been averaging out at 2.07%.