Property investors who have had real estate in Lutwyche, 4030 should be relatively pleased 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 8.00%
While Lutwyche,4030 ranked number 268th in QLD for increase in median house value (annualised) increase, it is ranked 369th over the last 5 years.
Property buyers and investors in Lutwyche 4030 should be seeing an average reduction in asking price of around -4.55% . This means that Lutwyche is holding prices well when compared to other suburbs in QLD.
Often selling an investment property can take time, and in Lutwyche the average time real estate has been on the market is 56.59 days.
With the median price for a house in Lutwyche being $756000 and the advertised rent reaching $465 the gross rental yield for property investors calculates out to be 3.20%
Lutwyche is an average performer in QLD when comparing median price capital growth over the last year. Lutwyche gave property investors a average capital gain figure when compared to the rest of the state, with -1.03%.
Across a shorter period, Lutwyche, 4030 has seen a median price increase of -0.98% over the last quarter.
Property investors looking for a bargain in Lutwyche should be aiming for at least -6.36% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 1.09km from the CBD, Lutwyche is one of Brisbane localities in the postcode 4030.