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Red Cliffs

Red Cliffs - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3496

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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 5.42% growth over a ten-year period. It ranks 1310th on our list of suburbs that property investors should look into.

RED CLIFFS, 3496 in VIC belongs to the local government area of Mildura (RC).

RED CLIFFS, 3496 has a capital gain of 13.73% for the past year, which is higher than average compared to its 50.29% growth within a five-year period.

With the median home price in RED CLIFFS sitting at $263,000, and the average rent at $295, property owners could potentially earn a 5.83% increase in gross rental yield.

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

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $263,000 N/A
GROWTH REPORT
Median Quarterly 10.45% N/A
Median 12 month 13.73% N/A
Median 3 years 15.35% N/A
Median 5 years 50.29% N/A
10 years average annual 5.42% N/A
Weekly media advert. rent $295 N/A
Time on Market 46.3 days N/A
Gross Rental Yield Percent 5.83% N/A
demographics (median values)
Total Population
4593
Weekly Household Income
714
Household Size
2.50
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