The suburb’s capital gain of 0.6% for the past year is lower than average compared to its 16.13% growth within a five-year period.
Also in REDLAND BAY, the median home price is sitting at $540,000, and the average rent at $470, this suggests property owners could potentially earn a 4.53% increase in gross rental yield.
Property investors have seen a 0.93% gain in REDLAND BAY based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.73% growth over a ten-year period. It ranks 2787th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.6%||8.27%|
|Median 3 years||8%||2.46%|
|Median 5 years||16.13%||4.09%|
|10 years average annual||2.73%||0.66%|
|Weekly media advert. rent||$470||$465|
|Time on Market||81.7 days||122.9 days|
|Gross Rental Yield Percent||4.53%||5.28%|