At number 3755th in the list of Australian suburbs ordered by increase in median house value over the last year, Redlynch, 4870 is in the BOTTOM 20% with a property value increase of 2.35% recorded in median house prices.
Comparing Redlynch,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.90% offered to property buyers. Sellers in Redlynch itself are offering an average vendor discount of -4.48% to real estate investors.
Situated 1394.66km from the CBD, Redlynch is one of Cairns (R) localities in the postcode 4870.
Redlynch has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.26% to date .
Over the longer term, Redlynch has seen property prices show investors a 10.11% return over the last 3 years. This is worse than over the last 12 months
A $367.5 per week rent on the median house gives suburb investors a gross yield of circa 7.80%, without taking into account capital value appreciation, which has been averaging out at 2.23%.