Property value increases in Reedy Creek have tracked just higher than the QLD average of 12.16% over the last 12 months.
A 27.65% growth in median value for property investors in Reedy Creek,4227 puts this suburb at number 349th in terms of best performing suburbs in QLD
Property investors looking for a bargain in Reedy Creek should be aiming for at least -4.39% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $740 mark per week – giving a return of 4.12% based on the median price in Suburb
Reedy Creek has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 9.59% to date .
If we look at median property appreciation over just the last three months, Reedy Creek has given property investors a paper return of 2.04%. This puts Suburb as 193 on a list of fastest fasting appreciating suburbs in QLD
Reedy Creek, 4227 is offering QLD ‘s 240th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this QLD.
On average over the past year, suburb has had 5.08 sales per month, which equates to 61 per year.
Renters in Suburb are facing rents around $22880 per annum or $440 every week.
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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.