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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $846,000.
The upward trend in home prices in REEDY CREEK, 4227 averaged 3.67% per annum over a 3-year period.
Average weekly rents on listings have reached the $710 mark, reflecting a 4.36% increase in returns based on the current median price in REEDY CREEK.
An average of 7.83 real estate transactions take place per month in REEDY CREEK which translates to 94 per annum.
94 properties were sold in REEDY CREEK in 2016, making it the 23rd most active market in QLD based on total real estate transactions.
REEDY CREEK, 4227 places 203rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $846,000 | $374,500 |
| GROWTH REPORT | ||
| Median Quarterly | 4.48% | 0.88% |
| Median 12 month | 8.12% | 4.03% |
| Median 3 years | 11.02% | 5.49% |
| Median 5 years | 27.41% | 22.79% |
| 10 years average annual | 2.48% | 1.78% |
| Weekly media advert. rent | $710 | $427.5 |
| Time on Market | 54.6 days | 26.1 days |
| Gross Rental Yield Percent | 4.36% | 5.94% |
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