A steady increase in median property prices over a five-year period in the suburb translates to a 15.75% capital gain.
Property investors in RED HILL enjoyed capital gains of 4.18% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $872,500.
Profits due to an upward trend in home prices there averaged 5.25% per annum over a 3-year period.
Home owners selling their properties and realtors in RED HILL usually have to wait an average of 52.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $550 mark, reflecting a 3.28% increase in returns based on the current median price in RED HILL.
RED HILL, 4059 places 536th in Australia based on median property value growth during the quarter.
Property investors in RED HILL enjoyed capital gains of 6.26% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in RED HILL are high, as opposed to average gains per annum over the past five years.
RED HILL posted a 23.76% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $380 mark, reflecting a 3.76% increase in returns based on the current median price in RED HILL.
RED HILL, 4059 ranks 83rd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
RED HILL ranks 354th on the list of best yielding suburbs for rental properties in QLD, posting a 3.76% return.
When an industry person not from WA...
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