Property value increases in Redcliffe have tracked close to the QLD average of 1.66% over the last 12 months.
Comparing Redcliffe,4020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Redcliffe is offering property investors an average of -6.74. This rate of discount on properties puts Suburb at number 424th in terms of most discounted suburbs in QLD
Redcliffe, 4020’s gross rental yield is 4.51%
Property investors who have had real estate in Redcliffe, 4020 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.14%
If we look at median property appreciation over just the last three months, Redcliffe has given property investors a paper return of 0.00%. This puts Suburb as 154 on a list of fastest fasting appreciating suburbs in QLD
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.15% offered to property buyers. Sellers in Redcliffe itself are offering an average vendor discount of -5.25% to real estate investors.
On average over the past year, suburb has had 9.50 sales per month, which equates to 114 per year.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 5.06%, without taking into account capital value appreciation, which has been averaging out at -0.39%.