Queensland's Redcliffe fastest growing suburb for unit prices: Investar

Queensland's Redcliffe fastest growing suburb for unit prices: Investar
Queensland's Redcliffe fastest growing suburb for unit prices: Investar

Redcliffe in Qld is the fastest growing suburb for a unit, according to Investar’s latest market report.

The property investment firm states that Redcliffe’s growth has increased by 31% compared to last year.

This is followed by Box Hill in Victoria which had a growth of 26% with both Labrador and Varsity Lakes taking equal third place with 25%.

Suburb

State

Dwelling type

Bedrooms

Median listing price

1 year change

Redcliffe

QLD

Unit       

3

$599,000

     31%

Box Hill

VIC

Unit       

Studio and 1

$347,500

     26%

Labrador

QLD

Unit       

Studio and 1

$320,000

     25%

Varsity Lakes

QLD

Unit       

3

$549,000

     25%

Penrith

NSW

Unit       

2

$389,000

     21%

Wollongong

NSW

Unit       

2

$475,000

     20%

Burwood

NSW

Unit       

2

$838,000

     19%

Port Macquarie

NSW

Unit       

2

$328,000

     19%

Lane Cove

NSW

Unit       

2

$750,000

     19%

Gladesville

NSW

Unit       

2

$750,000

     19%

An example of a unit around the $599,000 median in Redcliffe is a three bedroom unit at 402/99 Marine Parade (above) that is for sale for $599,000.

Tags: 
Queensland Investar

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