Menangle Park Could Be The Next South Western Sydney Success Story
For buyers willing to gamble on an early-stage release in an unknown suburb, the rewards might just outweigh the risks. ...
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 $347,500.
The downward trend in home prices in REDRIDGE, 4660 averaged -1.6% 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 2.33 real estate transactions take place per month in REDRIDGE which translates to 28 per annum.
28 properties were sold in REDRIDGE in 2016, making it the 432nd most active market in QLD based on total real estate transactions.
REDRIDGE, 4660 places 675th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||-4.79%||N/A|
|Median 5 years||8.59%||N/A|
|10 years average annual||-12.33%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||61.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|