Lutwyche

POSTAL CODE: QLD, 4030
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A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 7.39% growth over a ten-year period. It ranks 1732nd on our list of suburbs that property investors should look into.

LUTWYCHE, 4030 has a capital gain of -2.15% for the past year, which is lower than average compared to its 62.48% growth within a five-year period.

With the median home price in LUTWYCHE sitting at $1,340,500, and the average rent at $750, property owners could potentially earn a 2.91% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in LUTWYCHE are low, as opposed to average gains per annum over the past five years.

LUTWYCHE, 4030 in QLD belongs to the local government area of Brisbane.

Surburb overview

Lutwyche, Queensland 4030, is a vibrant inner-city suburb 5 kilometres north of Brisbane’s central business district (CBD). The suburb is known for its combination of historical charm and modern amenities, making it an attractive location for a wide demographic, including young professionals, families, and retirees. With a population of around 3,463 people, the predominant age group is 20-29 years, reflecting its appeal to younger residents.

The median property price in Lutwyche is $1,023,362 for houses and $574,250 for units, while the median rent is $600 per week for houses and $550 per week for units. Over the past 12 months, units have shown significant growth, with an increase of 16.01%, while house prices have experienced a slight decline of 7.18%. Rental yields are 3.07% for houses and 5.11% for units, indicating strong demand for rental properties in the suburb.

Lutwyche offers a range of amenities, including the Lutwyche City Shopping Centre, local cafes, and dining options. The suburb also has several parks, such as Prentice Park, providing green recreational spaces. The proximity to public transport, including frequent bus services and easy access to major highways, makes commuting to the Brisbane CBD and surrounding suburbs convenient.

The suburb’s housing mix includes traditional Queenslander homes, modern apartments, and townhouses catering to diverse tastes and budgets. Its strong community spirit, good schools, and ongoing infrastructure development make Lutwyche an appealing option for those living close to the city while enjoying a suburban lifestyle.

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