Suburb Profile Report for Reedy Creek QLD (4227)

Reedy Creek House: Median price $779,500, Annual capital growth 2.63%, Number of sales 98, Weekly median advertised rent $720

Reedy Creek Unit: Median price $366,300, Annual capital growth 2.54%, Number of sales 44, Weekly median advertised rent $420

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

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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Property value increases in Reedy Creek have tracked close to the QLD average of 2.00% over the last 12 months.

A 28.89% growth in median value for property investors in Reedy Creek,4227 puts this suburb at number 734th in terms of best performing suburbs in QLD

The most recent median price for Reedy Creek is $786250, with sellers offering an average of -6.21% off the asking price.

Using the current median advertised rental of $720 and the average annual increase in value of a median property of 2.69%, investors should hope to achieve an overall return of 4.76%

Reedy Creek, 4227 ranked 106th in QLD when comparing growth in median property values or capital gain over the last 12 months. Reedy Creek is one of 2415 in our list for QLD

While Reedy Creek,4227 ranked number 104th in QLD for increase in median house value (annualised) increase, it is ranked 21th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Reedy Creek, 4227. Typically our figures indicate that -4.65% is being offered, which puts this QLD suburb at 774th most discounted overall in Australia.

Residents and property investors in Reedy Creek have been waiting around 58.75 days to sell a property.

Information supplied by:


January 2018

M
O

W
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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.

Metrics i HOUSE UNIT
$779,500 $366,300
-1.33% -0.27%
1.23% 3.05%
2.63% 2.54%
$720 $420
98 44
4.80% 5.96%
81.45783 59.085712

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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