Riddells Creek

POSTAL CODE: VIC, 3431

HOUSE

UNIT

Property investments in RIDDELLS CREEK fare well against the rest of the country last year, registering a median home price increase of 2.47%.

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 $597.5 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 74.3 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 $830,000.

RIDDELLS CREEK ranks 253rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.74% return.

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

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

Profits due to an upward trend in home prices in RIDDELLS CREEK, 3431 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the $497.5 mark, reflecting a 4.38% increase in returns based on the current median price in RIDDELLS CREEK.

An average of 0.92 real estate transactions take place per month in RIDDELLS CREEK which translates to 11 per annum.

11 properties were sold in RIDDELLS CREEK during the past year, making it the 386th most active market in VIC based on total real estate transactions.

RIDDELLS CREEK, 3431 places 103rd in Australia based on median property value growth during the quarter.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$830,000	$591,000
Growth Report
Median Quarterly	0.61%	2.69%
Median 12 month	2.47%	0%
Median 3 years	-9.29%	0%
Median 5 years	3.75%	0%
10 years average annual	6.03%	0%
Weekly media advert. rent	$598	$498
Time on Market	74.3 days	101 days
Gross Rental Yield Percent	3.74%	4.38%

Demographics (Median Values)*

Total Population 3947

Weekly Household Income 1834

Household Size 2.90

Average Age 42

Monthly Loan Repayment 1800

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

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type