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%.
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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.