Suburb Profile Report for Redlynch QLD (4870)

Redlynch House: Median price $462,000, Annual capital growth 1.41%, Number of sales 193, Weekly median advertised rent $450

Redlynch Unit: Median price $230,000, Annual capital growth -0.97%, Number of sales 24, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Redlynch have tracked just lower than the QLD average of 2.45% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Redlynch has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -5.85% to buyers in Redlynch at the moment, which is less than average for the rest of QLD.

Redlynch is 235th on a list of best yielding suburbs for rents in QLD with a 5.06% return

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 -5.15%

Comparing Redlynch,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Redlynch 4870 should be seeing an average reduction in asking price of around -4.06% . This means that Redlynch is holding prices well when compared to other suburbs in QLD.

Often selling an investment property can take time, and in Redlynch the average time real estate has been on the market is 88.11 days.

Property investors should expect to get $320 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$462,000 $230,000
-1.12% -4.17%
-3.25% -5.15%
1.41% -0.97%
$450 $320
193 24
5.06% 7.23%
68.95 88.11

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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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Recent sales & rentals