REDBANK PLAINS 
1 MIN READDemand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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Rapid CreekRapid Creek - SUBURB PROFILE REPORT
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The suburb’s capital gain of 33.33% for the past year is higher than average compared to its 11.28% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in RAPID CREEK, the median home price is sitting at $740,000, and the average rent at $525, this suggests property owners could potentially earn a 3.69% increase in gross rental yield.
Property investors have seen a 6.47% gain in RAPID CREEK based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on RAPID CREEK, 810 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 33.33%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.83% growth over a ten-year period. It ranks 3225th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $740,000 | $375,000 |
| GROWTH REPORT | ||
| Median Quarterly | 6.47% | 2.74% |
| Median 12 month | 33.33% | 31.58% |
| Median 3 years | 21.31% | 16.46% |
| Median 5 years | 11.28% | 28.42% |
| 10 years average annual | 2.83% | 2.38% |
| Weekly media advert. rent | $525 | $390 |
| Time on Market | 88.5 days | 55.1 days |
| Gross Rental Yield Percent | 3.69% | 5.41% |
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