Reedy Creek is an average performer in QLD when comparing median price capital growth over the last year. Reedy Creek gave property investors a good capital gain figure when compared to the rest of the state, with 4.93%.
When looking at the potential capital gains offered to property investors over the last 3 years, Reedy Creek comes in at number 107th in QLD.
Vendor discounting in Reedy Creek is giving property investors an average Vendor Discount of around -6.05%. This puts suburb at number 398th in QLD when ranking the most discounted suburbs.
In the last year 100 properties changed hands in Reedy Creek, which puts it as the 213th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Reedy Creek being $789100 and the advertised rent reaching $700 the gross rental yield for property investors calculates out to be 4.61%
Over the last year, property investments in Reedy Creek, 4227 have given investors a capital gain of 10.57%. This compares very favourably with the 0.69% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Reedy Creek has increased when compared to the 5 year average annual rate.
The most recent median price for Reedy Creek is $371500, with sellers offering an average of -4.41% off the asking price.
At number 640 in a list of fastest selling suburbs, Reedy Creek is just in the top half of suburbs in Australia with an average of days on market 64.8 for properties listed there.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.
Reedy Creek is a suburb that’s showing a lot of growth potential, with prices rising by almost 15% in the past yearFull summary
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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