Property investments in RED HILL fare well against the rest of the country last year, registering a median home price increase of 10.4%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains RED HILL, 2603 saw average growth in the long term.
Real estate investors could earn a rental income of $750 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 62.0 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $1,380,000.
RED HILL ranks 83rd on the list of best yielding suburbs for rental properties in ACT, posting a 2.83% return.
Based on its average 5-year and quarterly capital gains RED HILL, 2603 saw average decrease in the long term.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in RED HILL, 2603 averaged 4.6% per annum over a 3-year period.
Average weekly rents on listings have reached the $332.5 mark, reflecting a 4.44% increase in returns based on the current median price in RED HILL.
An average of 1.25 real estate transactions take place per month in RED HILL which translates to 15 per annum.
15 properties were sold in RED HILL during the past year, making it the 55th most active market in ACT based on total real estate transactions.
RED HILL, 2603 places 66th in Australia based on median property value growth during the quarter.
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