Suburb Profile Report for Reedy Creek QLD (4227)

Reedy Creek House: Median price $806,250, Annual capital growth 3.05%, Number of sales 100, Weekly median advertised rent $700

Reedy Creek Unit: Median price $370,000, Annual capital growth 2.93%, Number of sales 68, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Reedy Creek has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.39%

The five-year average increase in median property values for Reedy Creek,4227 has given property investors a potential capital gain of 34.38% across each of those five years.

Property investors looking for a bargain in Reedy Creek should be aiming for at least -5.30% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Reedy Creek the average time real estate has been on the market is 71.96 days.

Advertised rents are around the $700 mark per week – giving a return of 4.51% based on the median price in Suburb

At number 583th in the list of Australian suburbs ordered by increase in median house value over the last year, Reedy Creek, 4227 is in the top 40% with a property value increase of 6.94% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Reedy Creek comes in at number 38th in QLD.

The most recent median price for Reedy Creek is $370000, with sellers offering an average of -5.79% off the asking price.

In the last year 68 properties changed hands in Reedy Creek, which puts it as the 139th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $410 and the average annual increase in value of a median property of 2.93%, investors should hope to achieve an overall return of 5.76%

Information supplied by:


January 2018

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Reedy Creek is a suburb that’s showing a lot of growth potential, with prices rising by almost 15% in the past yearFull summary

Affordability and accessibility boost Gold Coast suburb

Postcode: 4227

Median unit price: $355,000

Three-year growth: 18.3%

Rental yield: 5.9%

Reedy Creek is a suburb that’s showing a lot of growth potential, with prices rising by almost 15% in the past year.

Units are affordable at a median price of just over $350,000, and rental yields are very high at 5.9%. Thus, investors are certain to get bang for their buck. Those looking to sell in this area benefit as well, with properties finding buyers in less than 60 days at low discount rates of just 3.3%.

Reedy Creek is situated on the Gold Coast, which is becoming a high-demand region. The suburb is also adjacent to the Pacific Motorway, making it highly accessible. Neighbouring suburbs such as Robina house important facilities like the Robina Town Centre and the Robina railway station.

Close
Metrics i HOUSE UNIT
$806,250 $370,000
0.16% 0.14%
5.39% 6.94%
3.05% 2.93%
$700 $410
100 68
4.51% 5.76%
71.96 73.03

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Reedy Creek QLD
Demographics
Total population 5712
Median household income ($/weekly) 1356
Median age of persons 34
Median housing loan repayment ($/monthly) 2247
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1034 18.1
    25-34 years 702 12.3
    35-44 years 1035 18.1
    45-54 years 754 13.2
    55-64 years 541 9.5
    Others 1646 28.8
    Age Group
    Census Count Percent(%)
    Registered Married 2124 54.4
    Not Married 1423 36.5
    Defacto Relationship 355 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3916 72.0
    Papua New Guinea 471 8.7
    South Africa 133 2.4
    United Kingdom 395 7.3
    Other 166 3.1
    Others 355 6.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 71 1.4
    Christianity 3924 75.2
    Hinduism 22 0.4
    Islam 32 0.6
    No Religion 1130 21.6
    Others 41 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 160 9.5
    $800-$999 165 9.8
    $1,250-$1,499 165 9.8
    $1,500-$1,999 222 13.2
    $2,000-$2,499 202 12.0
    Others 771 45.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1649 41.3
    Not in the labour force 1064 26.6
    Employed, worked part-time 949 23.8
    Unemployed, looking for work 194 4.9
    Employed, away from work 139 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 326 11.9
    Professionals 523 19.1
    Technicians & trades workers 397 14.5
    Clerical & administrative workers 434 15.8
    Sales 352 12.9
    Others 707 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 112 7.0
    Infants/Primary 673 42.0
    Secondary 469 29.3
    Technical or Further Educational Institution 106 6.6
    University or other Tertiary Institutions 203 12.7
    Others 39 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3804 70.1
    Semi-detached, row or terrace house, townhouse 1606 29.6
    Flat, unit or apartment 13 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 970 52.7
    Rented 528 28.7
    Fully owned 337 18.3
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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