Suburb Profile
Red Cliffs - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3496
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 4.42% growth over a ten-year period. It ranks 1730th 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 31.98% for the past year, which is higher than average compared to its 31.59% growth within a five-year period.
With the median home price in RED CLIFFS sitting at $227,000, and the average rent at $270, property owners could potentially earn a 6.19% 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.
A 31.98% increase in median property prices in RED CLIFFS, 3496 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 19th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $227,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.89% | N/A |
| Median 12 month | 31.98% | N/A |
| Median 3 years | 28.79% | N/A |
| Median 5 years | 31.59% | N/A |
| 10 years average annual | 4.42% | N/A |
| Weekly media advert. rent | $270 | N/A |
| Time on Market | 48.8 days | N/A |
| Gross Rental Yield Percent | 6.19% | N/A |
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