AREA REPORTS

Riddells Creek

Suburb Profile

Riddells Creek - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3431

house

Property investments in RIDDELLS CREEK fare well against the rest of the country last year, registering a median home price increase of 12.73%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains RIDDELLS CREEK, 3431 saw average growth in the long term.

Real estate investors could earn a rental income of $355 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 49.1 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $620,000.

RIDDELLS CREEK ranks 338th on the list of best yielding suburbs for rental properties in VIC, posting a 2.98% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $620,000 N/A
GROWTH REPORT
Median Quarterly 0.98% N/A
Median 12 month 12.73% N/A
Median 3 years 38.08% N/A
Median 5 years 51.22% N/A
10 years average annual 7.21% N/A
Weekly media advert. rent $355 N/A
Time on Market 49.1 days N/A
Gross Rental Yield Percent 2.98% N/A
demographics (median values)
Total Population
3439
Weekly Household Income
1352
Household Size
3.00
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

$850 yearly savings won with small mortgage changes, ACCC finds

A report by the ACCC has found that the pricing of residential mortgages by the major banks is too opaque, making it too time consuming for ...

Sydney Australia

Discounts of 7.3 per cent from vendors in Sydney market

This year’s holiday period is offering buyers prime conditions to find great deals, according to recent analysis. ...

Negative gearing

'Suck it up' on tax changes investors told as 40% of rentals avoid negative gearing

A property expert has asked for investors to put any fears about the potential loss of negative gearing into context, and those that are sti...

Futuristic apartment

The future of apartments: Talking exit signs

A new technology is being implemented in Sydney’s north-west that could tip off just what the future of apartment buildings will look like...

Research data

How property investors can maximise research data

Data and information are among the most important keys to success in property investment. With a plethora of data and information available ...

Perth skyline at night

Property market update: Perth, November 2018

The Perth property market continues to show signs of positivity through record high employment levels and low residential vacancy rates, dri...