Suburb Profile Report for Reedy Creek QLD (4227)

Reedy Creek House: Median price $789,100, Annual capital growth 3.02%, Number of sales 100, Weekly median advertised rent $700

Reedy Creek Unit: Median price $371,500, Annual capital growth 3.09%, Number of sales 86, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Reedy Creek is an average performer in QLD when comparing median price capital growth over the last year. Reedy Creek gave property investors a good capital gain figure when compared to the rest of the state, with 4.93%.

When looking at the potential capital gains offered to property investors over the last 3 years, Reedy Creek comes in at number 107th in QLD.

Vendor discounting in Reedy Creek is giving property investors an average Vendor Discount of around -6.05%. This puts suburb at number 398th in QLD when ranking the most discounted suburbs.

In the last year 100 properties changed hands in Reedy Creek, which puts it as the 213th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Reedy Creek being $789100 and the advertised rent reaching $700 the gross rental yield for property investors calculates out to be 4.61%

Over the last year, property investments in Reedy Creek, 4227 have given investors a capital gain of 10.57%. This compares very favourably with the 0.69% for QLD as a whole.

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

The most recent median price for Reedy Creek is $371500, with sellers offering an average of -4.41% off the asking price.

At number 640 in a list of fastest selling suburbs, Reedy Creek is just in the top half of suburbs in Australia with an average of days on market 64.8 for properties listed there.

Renters in Suburb are facing rents around $4800 per annum or $400 every week.

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
$789,100 $371,500
-0.43% 1.78%
4.93% 10.57%
3.02% 3.09%
$700 $400
100 86
4.61% 5.60%
67.46 64.8

Source: CoreLogic

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