Investment property in Reedy Creek has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.39%
The five-year average increase in median property values for Reedy Creek,4227 has given property investors a potential capital gain of 34.38% across each of those five years.
Property investors looking for a bargain in Reedy Creek should be aiming for at least -5.30% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Reedy Creek the average time real estate has been on the market is 71.96 days.
Advertised rents are around the $700 mark per week – giving a return of 4.51% based on the median price in Suburb
At number 583th in the list of Australian suburbs ordered by increase in median house value over the last year, Reedy Creek, 4227 is in the top 40% with a property value increase of 6.94% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Reedy Creek comes in at number 38th in QLD.
The most recent median price for Reedy Creek is $370000, with sellers offering an average of -5.79% off the asking price.
In the last year 68 properties changed hands in Reedy Creek, which puts it as the 139th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 2.93%, investors should hope to achieve an overall return of 5.76%
Reedy Creek is a suburb that’s showing a lot of growth potential, with prices rising by almost 15% in the past yearFull summary
Information supplied by:
Affordability and accessibility boost Gold Coast suburb
Median unit price: $355,000
Three-year growth: 18.3%
Rental yield: 5.9%
Reedy Creek is a suburb that’s showing a lot of growth potential, with prices rising by almost 15% in the past year.
Units are affordable at a median price of just over $350,000, and rental yields are very high at 5.9%. Thus, investors are certain to get bang for their buck. Those looking to sell in this area benefit as well, with properties finding buyers in less than 60 days at low discount rates of just 3.3%.
Reedy Creek is situated on the Gold Coast, which is becoming a high-demand region. The suburb is also adjacent to the Pacific Motorway, making it highly accessible. Neighbouring suburbs such as Robina house important facilities like the Robina Town Centre and the Robina railway station.Close