Suburb Profile Report for Lutwyche QLD (4030)

Lutwyche House: Median price $743,268, Annual capital growth 6.10%, Number of sales 35, Weekly median advertised rent $490

Lutwyche Unit: Median price $485,000, Annual capital growth 7.34%, Number of sales 171, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Lutwyche has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.44%

The five-year average increase in median property values for Lutwyche,4030 has given property investors a potential capital gain of 15.24% across each of those five years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.29% offered to property buyers. Sellers in Lutwyche itself are offering an average vendor discount of -6.23% to real estate investors.

At number 750 in a list of fastest selling suburbs, Lutwyche is in the TOP 20% of suburbs in Australia with an average of days on market 56.95 for properties listed there.

Giving property investors a an average capital gain of 1.04% for the last year, Lutwyche, 4030 is the 979th highest performer in Australia in this respect.

While Lutwyche,4030 ranked number 210th in QLD for increase in median house value (annualised) increase, it is ranked 12th over the last 5 years.

Vendor discounting in Lutwyche is giving property investors an average Vendor Discount of around -5.62%. This puts suburb at number 160th in QLD when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Lutwyche the average time real estate has been on the market is 98.19 days.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 7.34%, investors should hope to achieve an overall return of 4.07%

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
$743,268 $485,000
1.82% -0.49%
0.44% 1.04%
6.10% 7.34%
$490 $380
35 171
3.43% 4.07%
56.95 98.19

Source: CoreLogic

DSR Score for property investment : Poor (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
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Recent sales & rentals