AREA REPORTS

Red Cliffs

 

 

Suburb Profile

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

house

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.

Data report can be found below

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
demographics (median values)
Total Population
4593
Weekly Household Income
714
Household Size
2.50
demographics
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