Reedy Creek

POSTAL CODE: QLD, 4227

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,585,000.

The upward trend in home prices in REEDY CREEK, 4227 averaged 7.31% per annum over a 3-year period.

Average weekly rents on listings have reached the $1300 mark, reflecting a 4.26% increase in returns based on the current median price in REEDY CREEK.

An average of 7.83 real estate transactions take place per month in REEDY CREEK which translates to 94 per annum.

94 properties were sold in REEDY CREEK in 2016, making it the 23rd most active market in QLD based on total real estate transactions.

REEDY CREEK, 4227 places 756th in Australia based on median property value growth during the quarter.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $785,000.

Average median unit prices in QLD have risen as a whole, pulling REEDY CREEK, 4227 values up and netting property investors a capital gain of 10.56% for the past year.

Investors saw the median home price rise to $785,000.

The upward trend in home prices in REEDY CREEK, 4227 averaged 11.78% per annum over a 3-year period.

REEDY CREEK now ranks at the 192nd place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $730 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In REEDY CREEK, homes and units usually stay on listing for an average of 15.7 days.

42 properties were sold in REEDY CREEK in 2016, making it the 118th most active market in QLD based on total real estate transactions.

Surburb overview

Reedy Creek, situated within the Gold Coast region of Queensland, lies approximately 87 kilometres south of Brisbane CBD, with a driving time of around 59 minutes via the Pacific Motorway.

According to the 2021 Census, Reedy Creek had a population of 7,412 people. The median age was 37 years, aligning closely with the national median. The suburb's demographic profile indicates a family-oriented community, with 5.7% of residents aged 0–4 years and 8.0% aged 5–9 years.

Public transportation options in Reedy Creek include several bus routes, such as the 759, 760, 765, 757, and 753, which connect the suburb to surrounding areas. The nearest train station is Varsity Lakes Station, located approximately a 15-minute walk from central Reedy Creek, providing access to the Gold Coast railway line.

Essential establishments in and around Reedy Creek encompass a range of amenities. Reedy Creek Plaza offers a range of retail options, including a Woolworths supermarket and various specialty stores. Educational facilities include King's Christian College, Hillcrest Christian College, and Somerset College, which cater to students from primary to secondary levels.

Amenities such as Wonga Park support recreational activities, featuring open green spaces, playgrounds, fitness equipment, and a dog off-leash area. The suburb's proximity to natural reserves and walking trails provides opportunities for outdoor pursuits and community engagement.

Reedy Creek presents a suburban environment with accessible amenities and recreational facilities, reflecting its position within the dynamic Gold Coast region.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,585,000	$785,000
Growth Report
Median Quarterly	0.96%	3.8%
Median 12 month	4.97%	10.56%
Median 3 years	21.92%	35.34%
Median 5 years	86.25%	106.58%
10 years average annual	9.03%	10.21%
Weekly media advert. rent	$1,300	$730
Time on Market	59.1 days	15.7 days
Gross Rental Yield Percent	4.26%	4.84%

Demographics (Median Values)*

Total Population 3

Weekly Household Income n.a.

Household Size 0.00

Average Age 84

Monthly Loan Repayment n.a.

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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