Suburb Profile Report for Lutwyche QLD (4030)

Lutwyche House: Median price $870,000, Annual capital growth 4.73%, Number of sales 22, Weekly median advertised rent $545

Lutwyche Unit: Median price $440,000, Annual capital growth 2.92%, Number of sales 43, Weekly median advertised rent $385

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

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

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Lutwyche is in the TOP 10% in QLD when comparing median price capital growth over the last year. Lutwyche gave property investors a very good capital gain figure when compared to the rest of the state, with 17.41%.

Lutwyche,4030 has offered an average of 17.41% return per annum in house price rises to property investors over the last three years.

Often selling an investment property can take time, and in Lutwyche the average time real estate has been on the market is 56.5 days.

Renters in Suburb are facing rents around $28340 per annum or $545 every week.

Lutwyche, 4030 ranked 138th 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

A -0.40% growth in median value for property investors in Lutwyche,4030 puts this suburb at number 88th in terms of best performing suburbs in QLD

Sellers are offering property buyers an average discount of -7.30% to buyers in Lutwyche at the moment, which is less than average for the rest of QLD.

A $385 per week rent on the median house gives suburb investors a gross yield of circa 4.55%, without taking into account capital value appreciation, which has been averaging out at 2.92%.

Information supplied by:


May 2018

M
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Houses are popular in the inner city

Postcode: 4030

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.

 

Metrics i HOUSE UNIT
$870,000 $440,000
2.35% 1.15%
17.41% 0.69%
4.73% 2.92%
$545 $385
22 43
3.26% 4.55%
56.5 116

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2801
Median household income ($/weekly) 1359
Median age of persons 33
Median housing loan repayment ($/monthly) 2100
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 302 10.8
    25-34 years 731 26.1
    35-44 years 466 16.6
    45-54 years 348 12.4
    55-64 years 237 8.5
    Others 717 25.6
    Age Group
    Census Count Percent(%)
    Not Married 1198 55.0
    Registered Married 664 30.5
    Defacto Relationship 318 14.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1789 69.2
    Indonesia 93 3.6
    Papua New Guinea 118 4.6
    United Kingdom 105 4.1
    Other 163 6.3
    Others 319 12.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 56 2.2
    Christianity 1524 61.0
    Hinduism 72 2.9
    Islam 57 2.3
    No Religion 768 30.8
    Others 20 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 94 8.4
    $1,000-$1,249 98 8.7
    $1,500-$1,999 169 15.0
    $2,000-$2,499 101 9.0
    $2,500-$2,999 107 9.5
    Others 554 49.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1124 49.9
    Not in the labour force 541 24.0
    Employed, worked part-time 423 18.8
    Unemployed, looking for work 83 3.7
    Employed, away from work 80 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 166 10.2
    Professionals 537 33.1
    Technicians & trades workers 155 9.6
    Clerical & administrative workers 255 15.7
    Sales 155 9.6
    Others 355 21.9
    Occupation
    Census Count Percent(%)
    Pre-school 23 4.2
    Infants/Primary 122 22.2
    Secondary 89 16.2
    Technical or Further Educational Institution 63 11.5
    University or other Tertiary Institutions 231 42.1
    Others 21 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1141 44.5
    Flat, unit or apartment 884 34.5
    Semi-detached, row or terrace house, townhouse 537 20.9
    House or flat attached to a shop, office 4 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 731 60.0
    Being purchased 283 23.2
    Fully owned 205 16.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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