Red Cliffs

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 9.28% growth over a ten-year period. It ranks 346th 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 14.31% for the past year, which is higher than average compared to its 55.87% growth within a five-year period.

With the median home price in RED CLIFFS sitting at $411,500, and the average rent at $450, property owners could potentially earn a 5.69% 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.

RED CLIFFS, 3496 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $326,000.

Profits due to an upward trend in home prices in RED CLIFFS, 3496 averaged 0% per annum over a 3-year period.

Home owners selling their properties and realtors in RED CLIFFS usually have to wait an average of N/A days before their assets are lifted off the market.

Average weekly rents on listings have reached the $400 mark, reflecting a 6.38% increase in returns based on the current median price in RED CLIFFS.

RED CLIFFS, 3496 places 370th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$411,500	$326,000
Growth Report
Median Quarterly	0.67%	-10.32%
Median 12 month	14.31%	0%
Median 3 years	26.62%	0%
Median 5 years	55.87%	0%
10 years average annual	9.28%	0%
Weekly media advert. rent	$450	$400
Time on Market	31.7 days	N/A
Gross Rental Yield Percent	5.69%	6.38%

Demographics (Median Values)*

Total Population 6224

Weekly Household Income 1078

Household Size 2.50

Average 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.

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