Suburb Profile Report for Lutwyche QLD (4030)

Lutwyche House: Median price $707,001, Annual capital growth 5.99%, Number of sales 40, Weekly median advertised rent $475

Lutwyche Unit: Median price $485,000, Annual capital growth 7.19%, Number of sales 118, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Lutwyche, 4030 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.31%

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 -6.02% . This means that Lutwyche is holding prices well when compared to other suburbs in QLD.

Advertised rents are around the $475 mark per week – giving a return of 3.49% based on the median price in Suburb

QLD has seen average median house prices change by 0.77% which means that Lutwyche, 4030 has done well for property investors by showing a capital gain of 1.52% over the last year

If we look at median property appreciation over just the last three months, Lutwyche has given property investors a paper return of 0.52%. This puts Suburb as 144 on a list of fastest fasting appreciating suburbs in QLD

The most recent median price for Lutwyche is $485000, with sellers offering an average of -4.55% off the asking price.

On average over the past year, suburb has had 9.83 sales per month, which equates to 118 per year.

Renters in Suburb are facing rents around $4560 per annum or $380 every week.

YIP MAG Information supplied by:

YIP MAG
February 2016

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Lutwyche has experienced renewal and dramatic change in recent years, with the construction of new main roads and a major busway providing convenient access to nearby Brisbane CityFull summary Lutwyche has experienced renewal and dramatic change in recent years, with the construction of new main roads and a major busway providing convenient access to nearby Brisbane City.

Along with transport infrastructure, Lutwyche is also experiencing a boom in new housing developments due to recent rezoning.

“We were rezoned to high density and mixed use,” says Ray O’Brien, principal of LJ Hooker Lutwyche,” which means that instead of having a two- or three-storey limit on heights, in some areas it can go up to 12 storeys.”

While the transport construction was disruptive to locals for several years, O’Brien says there’s an upside.

“There are large parcels of land where shopping infrastructure will be replaced in a modern way. Because of the mixed-use zoning, you’re allowed to have shops and restaurants as well as apartments above it.”

With a median house price of $858,000 and strong capital growth over the past 12 months, the market is recovering confidently from the recent upheavals.

The introduction of contemporary shopping facilities and a modern facade will further bolster Lutwyche’s popularity as a lifestyle suburb near the city.

“The continual revamping of Lutwyche now includes the removal of older-style homes in rezoned areas, because it’s walking distance to the new infrastructure,” says O’Brien.

“The trend here is regrowth.”Close
HOUSE UNIT
$707,001 $485,000
1.00% 0.52%
-5.31% 1.52%
5.99% 7.19%
$475 $380
40 118
3.49% 4.07%
35.95 69.53

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Lutwyche QLD
Demographics
Total population 2801
Median household income ($/weekly) 1359
Median age of persons 33
Median housing loan repayment ($/monthly) 2100
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 302 10.8
    25-34 years 731 26.1
    35-44 years 466 16.6
    45-54 years 348 12.4
    55-64 years 237 8.5
    Others 717 25.6
    Age Group
    Census Count Percent(%)
    Not Married 1198 55.0
    Registered Married 664 30.5
    Defacto Relationship 318 14.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1789 69.2
    Indonesia 93 3.6
    Papua New Guinea 118 4.6
    United Kingdom 105 4.1
    Other 163 6.3
    Others 319 12.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 56 2.2
    Christianity 1524 61.0
    Hinduism 72 2.9
    Islam 57 2.3
    No Religion 768 30.8
    Others 20 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 94 8.4
    $1,000-$1,249 98 8.7
    $1,500-$1,999 169 15.0
    $2,000-$2,499 101 9.0
    $2,500-$2,999 107 9.5
    Others 554 49.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1124 49.9
    Not in the labour force 541 24.0
    Employed, worked part-time 423 18.8
    Unemployed, looking for work 83 3.7
    Employed, away from work 80 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 166 10.2
    Professionals 537 33.1
    Technicians & trades workers 155 9.6
    Clerical & administrative workers 255 15.7
    Sales 155 9.6
    Others 355 21.9
    Occupation
    Census Count Percent(%)
    Pre-school 23 4.2
    Infants/Primary 122 22.2
    Secondary 89 16.2
    Technical or Further Educational Institution 63 11.5
    University or other Tertiary Institutions 231 42.1
    Others 21 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1141 44.5
    Flat, unit or apartment 884 34.5
    Semi-detached, row or terrace house, townhouse 537 20.9
    House or flat attached to a shop, office 4 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 731 60.0
    Being purchased 283 23.2
    Fully owned 205 16.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals