How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 0.47% growth over a ten-year period. It ranks 3649th on our list of suburbs that property investors should look into.
REDBANK PLAINS, 4301 has a capital gain of -3.73% for the past year, which is lower than average compared to its 7.5% growth within a five-year period.
With the median home price in REDBANK PLAINS sitting at $322,500, and the average rent at $350, property owners could potentially earn a 5.64% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in REDBANK PLAINS are low, as opposed to average gains per annum over the past five years.
REDBANK PLAINS, 4301 in QLD belongs to the local government area of Ipswich (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $322,500 | $329,500 |
| GROWTH REPORT | ||
| Median Quarterly | -2.27% | 4.6% |
| Median 12 month | -3.73% | 4.6% |
| Median 3 years | -0.77% | 16.02% |
| Median 5 years | 7.5% | 46.44% |
| 10 years average annual | 0.47% | 2.53% |
| Weekly media advert. rent | $350 | $300 |
| Time on Market | 86.3 days | 121.1 days |
| Gross Rental Yield Percent | 5.64% | 4.73% |
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