Suburb Profile Report for Redlynch QLD (4870)

Redlynch House: Median price $511,000, Annual capital growth 1.80%, Number of sales 179, Weekly median advertised rent $495

Redlynch Unit: Median price $229,000, Annual capital growth 0.48%, Number of sales 33, Weekly median advertised rent $340

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

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

  • House Report
  • Unit Report

Redlynch, 4870 ranked 311th in QLD when comparing growth in median property values or capital gain over the last 12 months. Redlynch is one of 2415 in our list for QLD

While Redlynch,4870 ranked number 453th in QLD for increase in median house value (annualised) increase, it is ranked 450th over the last 5 years.

Property buyers and investors in Redlynch 4870 should be seeing an average reduction in asking price of around -5.06% . This means that Redlynch is holding prices well when compared to other suburbs in QLD.

In the last year 179 properties changed hands in Redlynch, which puts it as the 63th most active market in QLD when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $25740 per annum or $495 every week.

QLD has seen average median house prices change by -0.33% which means that Redlynch, 4870 has not done well for property investors by showing a capital gain of -3.78% over the last year

The five-year average increase in median property values for Redlynch,4870 has given property investors a potential capital gain of -4.82% across each of those five years.

Sellers are offering property buyers an average discount of -6.74% to buyers in Redlynch at the moment, which is less than average for the rest of QLD.

Residents and property investors in Redlynch have been waiting around 115.476 days to sell a property.

Advertised rents are around the $340 mark per week – giving a return of 7.72% based on the median price in Suburb

Metrics i HOUSE UNIT
$511,000 $229,000
0.20% -2.14%
3.23% -3.78%
1.80% 0.48%
$495 $340
179 33
5.04% 7.72%
62.5277777777778 115.476190476191

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

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Redlynch QLD
Demographics
Total population 8645
Median household income ($/weekly) 1735
Median age of persons 34
Median housing loan repayment ($/monthly) 2000
Average household size 3
  • Census Count Percent(%)
    5-14 years 1682 19.5
    15-19 years 703 8.1
    25-34 years 1016 11.8
    35-44 years 1617 18.7
    45-54 years 1310 15.2
    Others 2317 26.8
    Age Group
    Census Count Percent(%)
    Registered Married 3110 55.9
    Not Married 1755 31.5
    Defacto Relationship 700 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 6510 79.4
    Papua New Guinea 309 3.8
    South Africa 98 1.2
    United Kingdom 518 6.3
    Other 293 3.6
    Others 468 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 105 1.3
    Christianity 5350 68.2
    Hinduism 24 0.3
    Other Religious Groups 35 0.4
    No Religion 2310 29.4
    Others 23 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 204 8.6
    $1,250-$1,499 195 8.2
    $1,500-$1,999 408 17.3
    $2,000-$2,499 359 15.2
    $2,500-$2,999 282 11.9
    Others 916 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2896 48.9
    Employed, worked part-time 1401 23.6
    Not in the labour force 1210 20.4
    Employed, away from work 246 4.2
    Unemployed, looking for work 172 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 559 12.3
    Professionals 953 21.0
    Technicians & trades workers 678 14.9
    Community & personal service workers 580 12.8
    Clerical & administrative workers 713 15.7
    Others 1056 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 135 5.2
    Infants/Primary 1098 42.6
    Secondary 851 33.0
    Technical or Further Educational Institution 123 4.8
    University or other Tertiary Institutions 292 11.3
    Others 79 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7033 86.8
    Semi-detached, row or terrace house, townhouse 554 6.8
    Flat, unit or apartment 470 5.8
    Caravan, cabin, houseboat 24 0.3
    House or flat attached to a shop, office 20 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1371 50.6
    Rented 780 28.8
    Fully owned 547 20.2
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
Chart Table