Suburb Profile Report for Lutwyche QLD (4030)

Lutwyche House: Median price $765,000, Annual capital growth 3.27%, Number of sales 24, Weekly median advertised rent $470

Lutwyche Unit: Median price $443,000, Annual capital growth 2.52%, Number of sales 47, Weekly median advertised rent $400

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

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:


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
$765,000 $443,000
-1.92% 0.91%
-8.11% 0.68%
3.27% 2.52%
$470 $400
24 47
3.19% 4.70%
68.7777777777778 87.6470588235294

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. 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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