Suburb Profile Report for Lutwyche QLD (4030)

Lutwyche House: Median price $756,000, Annual capital growth 5.92%, Number of sales 39, Weekly median advertised rent $465

Lutwyche Unit: Median price $480,000, Annual capital growth 6.50%, Number of sales 181, Weekly median advertised rent $390

  • 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 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.

YIP MAG Information supplied by:

YIP MAG
February 2016

M
O

W
E
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
Metrics i HOUSE UNIT
$756,000 $480,000
1.71% -0.98%
8.00% -1.03%
5.92% 6.50%
$465 $390
39 181
3.20% 4.23%
56.59 134.01

Source: CoreLogic

DSR Score for property investment : Below average (U), Above average (H)
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