Powered by MOMENTUM MEDIA
smart property investment logo
Red Cliffs
AREA REPORTS

Red Cliffs

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

house
unit

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 7.64% growth over a ten-year period. It ranks 1096th 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 22.64% for the past year, which is higher than average compared to its 83.62% growth within a five-year period.

With the median home price in RED CLIFFS sitting at $325,000, and the average rent at $335, property owners could potentially earn a 5.36% 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.

Data report can be found below

Red Cliffs
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $325,000 $215,000
GROWTH REPORT
Median Quarterly 4.5% N/A
Median 12 month 22.64% N/A
Median 3 years 53.66% N/A
Median 5 years 83.62% N/A
10 years average annual 7.64% N/A
Weekly media advert. rent $335 N/A
Time on Market 29.2 days 0.0 days
Gross Rental Yield Percent 5.36% N/A
demographics (median values)*
Total Population
6224
Weekly Household Income
1078
Household Size
2.50
Age
42
Monthly Loan Repayment
1083
* 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

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.