Suburb Profile Report for Redlynch QLD (4870)

Redlynch House: Median price $468,750, Annual capital growth 1.76%, Number of sales 191, Weekly median advertised rent $450

Redlynch Unit: Median price $242,500, Annual capital growth -0.65%, Number of sales 28, Weekly median advertised rent $318

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Redlynch has done 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 -2.65%

A 14.47% growth in median value for property investors in Redlynch,4870 puts this suburb at number 426th in terms of best performing suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that Redlynch is offering property investors an average of -7.05. This rate of discount on properties puts Suburb at number 416th in terms of most discounted suburbs in QLD

In the last year 191 properties changed hands in Redlynch, which puts it as the 74th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Redlynch being $468750 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.99%

With a capital gain of -1.02% for the last 12 months, Redlynch, 4870 has performed for property investments than its average annual -0.65% property growth over the last 5 years.

A 7.78% growth in median value for property investors in Redlynch,4870 puts this suburb at number 239th in terms of best performing suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that Redlynch is offering property investors an average of -6.08. This rate of discount on properties puts Suburb at number 216th in terms of most discounted suburbs in QLD

The QLD suburb of Redlynch, 4870 is in the Cairns local government area.

Metrics i HOUSE UNIT
$468,750 $242,500
0.37% -1.02%
-2.65% -1.02%
1.76% -0.65%
$450 $318
191 28
4.99% 6.81%
78.26 90.36

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 8645
Median household income ($/weekly) 1735
Median age of persons 34
Median housing loan repayment ($/monthly) 2000
Average household size 3
  • Census Count Percent(%)
    5-14 years 1682 19.5
    15-19 years 703 8.1
    25-34 years 1016 11.8
    35-44 years 1617 18.7
    45-54 years 1310 15.2
    Others 2317 26.8
    Age Group
    Census Count Percent(%)
    Registered Married 3110 55.9
    Not Married 1755 31.5
    Defacto Relationship 700 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 6510 79.4
    Papua New Guinea 309 3.8
    South Africa 98 1.2
    United Kingdom 518 6.3
    Other 293 3.6
    Others 468 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 105 1.3
    Christianity 5350 68.2
    Hinduism 24 0.3
    Other Religious Groups 35 0.4
    No Religion 2310 29.4
    Others 23 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 204 8.6
    $1,250-$1,499 195 8.2
    $1,500-$1,999 408 17.3
    $2,000-$2,499 359 15.2
    $2,500-$2,999 282 11.9
    Others 916 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2896 48.9
    Employed, worked part-time 1401 23.6
    Not in the labour force 1210 20.4
    Employed, away from work 246 4.2
    Unemployed, looking for work 172 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 559 12.3
    Professionals 953 21.0
    Technicians & trades workers 678 14.9
    Community & personal service workers 580 12.8
    Clerical & administrative workers 713 15.7
    Others 1056 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 135 5.2
    Infants/Primary 1098 42.6
    Secondary 851 33.0
    Technical or Further Educational Institution 123 4.8
    University or other Tertiary Institutions 292 11.3
    Others 79 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7033 86.8
    Semi-detached, row or terrace house, townhouse 554 6.8
    Flat, unit or apartment 470 5.8
    Caravan, cabin, houseboat 24 0.3
    House or flat attached to a shop, office 20 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1371 50.6
    Rented 780 28.8
    Fully owned 547 20.2
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
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