REEDY CREEK, 4227 ranks 2636th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 3.33% 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 $775,000.
The upward trend in home prices in REEDY CREEK, 4227 averaged 8.27% per annum over a 3-year period.
Average weekly rents on listings have reached the $700 mark, reflecting a 4.7% increase in returns based on the current median price in REEDY CREEK.
An average of 9.08 real estate transactions take place per month in REEDY CREEK which translates to 109 per annum.
109 properties were sold in REEDY CREEK in 2016, making it the 894th most active market in QLD based on total real estate transactions.
REEDY CREEK, 4227 places 580th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.33%||13.99%|
|Median 3 years||24.8%||20.71%|
|Median 5 years||38.39%||28.49%|
|10 years average annual||3.9%||3.82%|
|Weekly media advert. rent||$700||$400|
|Time on Market||61.9 days||57.8 days|
|Gross Rental Yield Percent||4.7%||5.8%|