Suburb Profile Report for Redlynch QLD (4870)

Redlynch House: Median price $513,750, Annual capital growth 2.46%, Number of sales 130, Weekly median advertised rent $490

Redlynch Unit: Median price $238,500, Annual capital growth -0.17%, Number of sales 24, Weekly median advertised rent $330

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

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

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 4.85% for the last year, Redlynch, 4870 is the 959th highest performer in Australia in this respect.

The five-year average increase in median property values for Redlynch,4870 has given property investors a potential capital gain of 12.91% across each of those five years.

Our latest figures would indicate that property sellers in Redlynch are currently offering property investors an average price cut of -6.98% below the asking price at the moment.

Property investors should expect to get $490 weekly from the median priced house in this suburb.

At number 510th in the list of Australian suburbs ordered by increase in median house value over the last year, Redlynch, 4870 is in the top 40% with a property value increase of 1.49% recorded in median house prices.

Across a shorter period, Redlynch, 4870 has seen a median price increase of 0.00% over the last quarter.

Property investors looking for a bargain in Redlynch should be aiming for at least -8.96% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 1396.97km from the CBD, Redlynch is one of Cairns (R) localities in the postcode 4870.

Metrics i HOUSE UNIT
$513,750 $238,500
4.85% 0.00%
4.85% 1.49%
2.46% -0.17%
$490 $330
130 24
4.96% 7.19%
72.4909090909091 93.2777777777778

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

DSR Score for property investment : Good (H), Balanced (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