Suburb Profile
Red Head - FREE SUBURB PROFILE REPORT POSTAL CODE: NSW,2430
Property investments in RED HEAD did not fare well against the rest of the country last year, registering a median home price decrease of -11.47%.
Based on its average 5-year and quarterly capital gains RED HEAD, 2430 saw average growth in the long term.
Real estate investors could earn a rental income of $395 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 118.7 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $467,000.
RED HEAD ranks 260th on the list of best yielding suburbs for rental properties in NSW, posting a 4.4% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $467,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.43% | N/A |
| Median 12 month | -11.47% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -6.8% | N/A |
| Weekly media advert. rent | $395 | N/A |
| Time on Market | 118.7 days | N/A |
| Gross Rental Yield Percent | 4.4% | N/A |
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great article Cate Bakos!
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