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1 MIN READMarkets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
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RedridgeRedridge - SUBURB PROFILE REPORT
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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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $393,500.
The upward trend in home prices in REDRIDGE, 4660 averaged 0.08% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in REDRIDGE.
An average of 3 real estate transactions take place per month in REDRIDGE which translates to 36 per annum.
36 properties were sold in REDRIDGE in 2016, making it the 359th most active market in QLD based on total real estate transactions.
REDRIDGE, 4660 places 544th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $393,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.93% | N/A |
| Median 12 month | 12.43% | N/A |
| Median 3 years | 0.25% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 9.33% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 56.6 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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