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REEDY CREEK, 4227 ranks 1742nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 24.64% for property investors.
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 $1,075,000.
The upward trend in home prices in REEDY CREEK, 4227 averaged 12.08% per annum over a 3-year period.
Average weekly rents on listings have reached the $885 mark, reflecting a 4.28% increase in returns based on the current median price in REEDY CREEK.
An average of 12.58 real estate transactions take place per month in REEDY CREEK which translates to 151 per annum.
151 properties were sold in REEDY CREEK in 2016, making it the 816th most active market in QLD based on total real estate transactions.
REEDY CREEK, 4227 places 187th in Australia based on median property value growth during the quarter.
KEY PROPERTY DATA REPORT | HOUSE | UNIT |
---|---|---|
Median Price | $1,075,000 | $497,000 |
GROWTH REPORT | ||
Median Quarterly | 9.41% | 4.96% |
Median 12 month | 24.64% | 29.77% |
Median 3 years | 36.25% | 36.16% |
Median 5 years | 43.97% | 48.91% |
10 years average annual | 5.76% | 5.9% |
Weekly media advert. rent | $885 | $475 |
Time on Market | 19.8 days | 17.9 days |
Gross Rental Yield Percent | 4.28% | 4.97% |