Redridge

POSTAL CODE: QLD, 4660

HOUSE

REDRIDGE, 4660 ranks 501st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 22.48% 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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $790,000.

The upward trend in home prices in REDRIDGE, 4660 averaged 12.5% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in REDRIDGE.

An average of 1.5 real estate transactions take place per month in REDRIDGE which translates to 18 per annum.

18 properties were sold in REDRIDGE in 2016, making it the 671st most active market in QLD based on total real estate transactions.

REDRIDGE, 4660 places 30th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$790,000	N/A
Growth Report
Median Quarterly	13.2%	N/A
Median 12 month	22.48%	N/A
Median 3 years	37.51%	N/A
Median 5 years	116.44%	N/A
10 years average annual	12.57%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	51.2 days	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size n.a.

Average Age n.a.

Monthly Loan Repayment n.a.

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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