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AREA REPORTS

Riddells Creek

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

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Property investments in RIDDELLS CREEK fare well against the rest of the country last year, registering a median home price increase of 12.15%.

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 $470 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 66.6 days.

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

Property investors perceived the median home price rise to $807,500.

RIDDELLS CREEK ranks 332nd on the list of best yielding suburbs for rental properties in VIC, posting a 3.03% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $807,500 N/A
GROWTH REPORT
Median Quarterly 9.12% N/A
Median 12 month 12.15% N/A
Median 3 years 39.22% N/A
Median 5 years 76.89% N/A
10 years average annual 7.52% N/A
Weekly media advert. rent $470 N/A
Time on Market 66.6 days N/A
Gross Rental Yield Percent 3.03% N/A
demographics (median values)
Total Population
3439
Weekly Household Income
1352
Household Size
3.00
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