QLD has seen average median house prices change by 0.38% which means that Redcliffe, 4020 has done well for property investors by showing a capital gain of -0.23% over the last year
Taking the average capital gain, or increase in median house value, Redcliffe,4020 has racked up an average of -0.23% over the period. This ranks it number 2437th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -6.54% to buyers in Redcliffe at the moment, which is less than average for the rest of QLD.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.50%, without taking into account capital value appreciation, which has been averaging out at 2.23%.
At number 788th in the list of Australian suburbs ordered by increase in median house value over the last year, Redcliffe, 4020 is in the BOTTOM 50% with a property value increase of -1.79% recorded in median house prices.
Across a shorter period, Redcliffe, 4020 has seen a median price increase of 1.65% over the last quarter.
Property investors looking for a bargain in Redcliffe should be aiming for at least -6.13% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 0.24%, investors should hope to achieve an overall return of 4.92%