Thinking about buying in Red Creek? Now could not be a better time, with just 50 residential dwellings it's a highly sought after location.
Distance to the coast is 40 Km.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Red Creek due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Red Creek provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Red Creek requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Red Creek we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Red Creek a better buying opportunity than it may have been in the past.
|Median Weekly Rent||$250.00|
|Median Monthly Mortgage||$1950.00|
|Median Persons Per Bedroom||0.90|
|Average Household Size||3.00|
|Average Cars Per Dwelling||3.17|
|Average Properties Within 50M||1.00|
None within suburb boundary(While the above schools are located with the suburb of Red Creek there may also be nearby schools whose catchments cover this suburb)
Incidents Trend State Average
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source: Australian Government Bureau of Meteorology
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