Red Hill, 4059 ranked 65th in QLD when comparing growth in median property values or capital gain over the last 12 months. Red Hill is one of 2415 in our list for QLD
While Red Hill,4059 ranked number 61th in QLD for increase in median house value (annualised) increase, it is ranked 212th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Red Hill is offering property investors an average of -4.90. This rate of discount on properties puts Suburb at number 326th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 8.33 sales per month, which equates to 100 per year.
Property investors should expect to get $600 weekly from the median priced house in this suburb.
Property value increases in Red Hill have tracked just higher than the QLD average of 8.71% over the last 12 months.
A 4.12% growth in median value for property investors in Red Hill,4059 puts this suburb at number 347th in terms of best performing suburbs in QLD
At number 46 in a list of fastest selling suburbs, Red Hill is in the TOP 10% of suburbs in Australia with an average of days on market 27.3793 for properties listed there.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 2.08%, investors should hope to achieve an overall return of 3.60%