Suburb Profile Report for Redlynch QLD (4870)

Redlynch House: Median price $460,000, Annual capital growth 1.52%, Number of sales 180, Weekly median advertised rent $440

Redlynch Unit: Median price $242,500, Annual capital growth -0.83%, Number of sales 28, Weekly median advertised rent $315

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Redlynch, 4870 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -4.17%.

Redlynch,4870 was ranked 3236 in Australia by increase in median property value over the quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.16% offered to property buyers. Sellers in Redlynch itself are offering an average vendor discount of -5.95% to real estate investors.

Investment property in Redlynch 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 0.00%

Redlynch, 4870 is offering QLD ‘s 168th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.

Advertised rents are around the $315 mark per week – giving a return of 6.75% based on the median price in Suburb

Metrics i HOUSE UNIT
$460,000 $242,500
-1.08% N/A
-4.17% 0.00%
1.52% -0.83%
$440 $315
180 28
4.97% 6.75%
73.61 97.73

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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