Suburb Profile Report for Lutwyche QLD (4030)

Lutwyche House: Median price $756,000, Annual capital growth 5.40%, Number of sales 37, Weekly median advertised rent $473

Lutwyche Unit: Median price $475,000, Annual capital growth 6.42%, Number of sales 184, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 1779th in the list of Australian suburbs ordered by increase in median house value over the last year, Lutwyche, 4030 is in the top half with a property value increase of 8.00% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Lutwyche comes in at number 268th in QLD.

Lutwyche, 4030 is offering QLD ‘s 774th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this QLD.

Lutwyche is 697th on a list of best yielding suburbs for rents in QLD with a 3.25% return

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 decrease in value by -2.06%

A 17.28% growth in median value for property investors in Lutwyche,4030 puts this suburb at number 249th in terms of best performing suburbs in QLD

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lutwyche, 4030. Typically our figures indicate that -6.29% is being offered, which puts this QLD suburb at 400th most discounted overall in Australia.

Using the current median advertised rental of $385 and the average annual increase in value of a median property of 6.42%, investors should hope to achieve an overall return of 4.21%

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
Metrics i HOUSE UNIT
$756,000 $475,000
N/A -1.25%
8.00% -2.06%
5.40% 6.42%
$473 $385
37 184
3.25% 4.21%
54.23 139.92

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