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 $346,250.
The upward trend in home prices in REDRIDGE, 4660 averaged 3.31% 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 921st most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||9.92%||N/A|
|Median 5 years||37.13%||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|