Property investors who have had real estate in Lutwyche, 4030 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.44%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lutwyche has increased when compared to the 5 year average annual rate.
Property buyers and investors in Lutwyche 4030 should be seeing an average reduction in asking price of around -5.98% . This means that Lutwyche is holding prices well when compared to other suburbs in QLD.
Residents and property investors in Lutwyche have been waiting around 51.16 days to sell a property.
Renters in Suburb are facing rents around $5880 per annum or $490 every week.
Property value increases in Lutwyche have tracked close to the QLD average of 1.70% over the last 12 months.
Across a shorter period, Lutwyche, 4030 has seen a median price increase of 0.68% over the last quarter.
Our latest figures would indicate that property sellers in Lutwyche are currently offering property investors an average price cut of -5.23% below the asking price at the moment.
Often selling an investment property can take time, and in Lutwyche the average time real estate has been on the market is 97.24 days.
Advertised rents are around the $380 mark per week – giving a return of 4.08% based on the median price in Suburb