Suburb Profile Report for Reedy Creek QLD (4227)

Reedy Creek House: Median price $935,000, Annual capital growth 3.99%, Number of sales 146, Weekly median advertised rent $740

Reedy Creek Unit: Median price $400,000, Annual capital growth 2.74%, Number of sales 61, Weekly median advertised rent $440

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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Property value increases in Reedy Creek have tracked just higher than the QLD average of 12.16% over the last 12 months.

A 27.65% growth in median value for property investors in Reedy Creek,4227 puts this suburb at number 349th in terms of best performing suburbs in QLD

Property investors looking for a bargain in Reedy Creek should be aiming for at least -4.39% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $740 mark per week – giving a return of 4.12% based on the median price in Suburb

Reedy Creek has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 9.59% to date .

If we look at median property appreciation over just the last three months, Reedy Creek has given property investors a paper return of 2.04%. This puts Suburb as 193 on a list of fastest fasting appreciating suburbs in QLD

Reedy Creek, 4227 is offering QLD ‘s 240th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this QLD.

On average over the past year, suburb has had 5.08 sales per month, which equates to 61 per year.

Renters in Suburb are facing rents around $22880 per annum or $440 every week.

Information supplied by:


January 2018

M
O

W
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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.

Metrics i HOUSE UNIT
$935,000 $400,000
5.06% 2.04%
16.88% 9.59%
3.99% 2.74%
$740 $440
146 61
4.12% 5.72%
30.5714285714286 21.6341463414634

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (U)
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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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