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 $805,000.
The upward trend in home prices in REEDY CREEK, 4227 averaged 8.59% per annum over a 3-year period.
Average weekly rents on listings have reached the $705 mark, reflecting a 4.55% 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 16th most active market in QLD based on total real estate transactions.
REEDY CREEK, 4227 places 391st in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $370,000.
Average median unit prices in QLD have risen as a whole, pulling REEDY CREEK, 4227 values up and netting property investors a capital gain of 8.98% for the past year.
Investors saw the median home price rise to $370,000.
The upward trend in home prices in REEDY CREEK, 4227 averaged 8.47% per annum over a 3-year period.
REEDY CREEK now ranks at the 130th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in REEDY CREEK are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $410 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In REEDY CREEK, homes and units usually stay on listing for an average of 67.3 days.
75 properties were sold in REEDY CREEK in 2016, making it the 40th most active market in QLD based on total real estate transactions.
Great Blog! Very interesting and helpful...
It’s a dud, Andrews and Airbnb...
You must rent short stay apartments, you...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal