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.