Property investors could wear cost of changes to mortgage broker regulation
Experts fear that property investors will absorb the cost of changes to how mortgage brokers are paid and regulated, as both sides of govern...
Based on its average 5-year and quarterly capital gains RED CLIFFS, 3496 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that RED CLIFFS, 3496 obtained a 3.11% growth over a ten-year period. It ranks 2343rd on our list of suburbs that property investors should look into.
RED CLIFFS, 3496 in VIC belongs to the local government area of Mildura.
RED CLIFFS, 3496 has a capital gain of 1.89% for the past year, which is lower than average compared to its 24.71% growth within a five-year period.
With the median home price in RED CLIFFS sitting at $212,000, and the average rent at $282.5, property owners could potentially earn a 6.93% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in RED CLIFFS are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $212,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -6.19% | N/A |
| Median 12 month | 1.89% | N/A |
| Median 3 years | 21.14% | N/A |
| Median 5 years | 24.71% | N/A |
| 10 years average annual | 3.11% | N/A |
| Weekly media advert. rent | $282.5 | N/A |
| Time on Market | 50.9 days | N/A |
| Gross Rental Yield Percent | 6.93% | N/A |
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