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Red Cliffs, VIC 3496

Home » VIC Real Estate Data » Mildura Rural City, VIC » Red Cliffs, VIC 3496

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Red Cliffs, VIC 3496 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

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Rent 

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Yield 

2BR

3BR

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5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

1BR

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Red Cliffs, VIC 3496”

  1. The total adult population (15 years or older) of Red Cliffs 3496 VIC is 4,331, with a median age of 41. Of those, 44.98% are married, 13.28% are divorced or separated, 34.70% are single and 7.00% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $6,504. The median monthly mortgage repayment for households in this suburb is $1,083 which is 16.65% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of Red Cliffs 3496 is home to an estimated 2639 households. As of Q3 2023, the indicative yield for houses is notably attractive for cashflow-focused property investors sitting at 4.51%. This yield is generated from typical house prices in Red Cliffs sitting at $373,745 and a median weekly rent of $324.

    Economically, Red Cliffs has a respectable IRSAD score of 897 out of 1217, indicating a solid socio-economic standing. Its renter to owner ratio is a favourable 24%, well below the threshold for markets inundated with rental properties. Similarly, the units to houses ratio also sits at a favourable low of 3%, highlighting the suburban nature of the area and its appeal to long-term family tenants.

    With an affordability index of 22 years, Red Cliffs remains an accessible locale for residents, well below the threshold that might denote decreased affordability. Demand for houses in Red Cliffs is high with the average property only spending 10 days on the market. This high demand is also indicated by a low vacancy rate of 1.25%, showcasing a tight rental market with ample opportunities for landlords.

    Meanwhile, the suburb exhibits favourable supply metrics. The stock on market Percentage for houses is a measly 0.21%, well below the 1.3% high supply indicator, and the inventory level at only 0.65 months further underlines the low supply condition. The building approvals ratio is 0.87%, pointing to a moderate degree of new stock entering the market.

    However, it’s worth noting the buy search index for houses is at 3, slightly under the threshold that indicates high demand for purchasing. This suggests while there’s a strong rental demand, the local selling market could be less aggressive.

    Despite this, majority of metrics in Red Cliffs indicate an overall favourable property market with high yield, good socio-economic standings, and high demand with low supply. A more automated research can be pursued with HtAG Analytics’ Relative Composite Score using over 80 metrics.

    Remember it’s crucial that property investors and buyers agents understand the comprehensive context of these metrics, paying close attention to their trends, and don’t hesitate to call out that it’s reasonable to have some metrics in sub-optimal ranges provided most other metrics are favourable.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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