Lutwyche, 4030 ranked 766th in QLD when comparing growth in median property values or capital gain over the last 12 months. Lutwyche is one of 2415 in our list for QLD
While Lutwyche,4030 ranked number 724th in QLD for increase in median house value (annualised) increase, it is ranked 531th over the last 5 years.
Advertised rents are around the $470 mark per week – giving a return of 3.19% based on the median price in Suburb
QLD has seen average median house prices change by 0.65% which means that Lutwyche, 4030 has done well for property investors by showing a capital gain of 0.68% over the last year
While Lutwyche,4030 ranked number 129th in QLD for increase in median house value (annualised) increase, it is ranked 193th over the last 5 years.
Property investors looking for a bargain in Lutwyche should be aiming for at least -7.04% off the asking price, which is the average vendor discount being achieved at the moment.
Information supplied by:
Houses are popular in the inner city
Median house price: $850,000
Three-year growth: 28.8%
Rental yield: 2.9%
The small suburb of Lutwyche in Brisbane’s inner city is garnering much buyer attention. It recorded 13.8% in the 12 months leading up to February 2018, with houses spending just 37 days on the market on average.
Lutwyche is named for 1850s Supreme Court judge Alfred Lutwyche. The suburb’s main road, Lutwyche Road, is connected to Metroad 3. This street also serves as the local shopping district – restaurants are located here, along with the Centro Lutwyche shopping centre. Lutwyche residents also enjoy the parklands surrounding the nearby Kedron Brook in the northern part of the suburb. Wooloowin State School, a heritage site, was established on Lutwyche Road.
Several Brisbane Transport buses stop at the Lutwyche busway station on their way to the city.