Redcliffe is in the TOP 30% in QLD when comparing median price capital growth over the last year. Redcliffe gave property investors a good capital gain figure when compared to the rest of the state, with 6.51%.
Taking the average capital gain, or increase in median house value, Redcliffe,4020 has racked up an average of 6.51% over the period. This ranks it number 2064th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Redcliffe should be aiming for at least -4.61% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $375 and the average annual increase in value of a median property of 3.48%, investors should hope to achieve an overall return of 4.33%
QLD has seen average median house prices change by 0.77% which means that Redcliffe, 4020 has done well for property investors by showing a capital gain of 11.91% over the last year
If we look at median property appreciation over just the last three months, Redcliffe has given property investors a paper return of -1.88%. This puts Suburb as 273 on a list of fastest fasting appreciating suburbs in QLD
Our latest figures would indicate that property sellers in Redcliffe are currently offering property investors an average price cut of -6.39% below the asking price at the moment.
In the last year 158 properties changed hands in Redcliffe, which puts it as the 56th most active market in QLD when comparing the number of sales per suburb.