Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
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.
The upward trend in home prices in REDRIDGE, 4660 averaged 12.35% 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 0.83 real estate transactions take place per month in REDRIDGE which translates to 10 per annum.
10 properties were sold in REDRIDGE in 2016, making it the 920th most active market in QLD based on total real estate transactions.
REDRIDGE, 4660 places 302nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $370,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.37% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | 37.04% | N/A |
| Median 5 years | 14.2% | N/A |
| 10 years average annual | N/A | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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