Redlynch

POSTAL CODE: QLD, 4870

HOUSE

UNIT

REDLYNCH, 4870 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling REDLYNCH, 4870 values up and netting property investors a capital gain of 15.26% for the past year.

Investors saw the median home price rise to $876,000.

Profits due to an upward trend in home prices in the suburb averaged 10.41% per annum over a 3-year period.

REDLYNCH now ranks at the 297th 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 REDLYNCH are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $770 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In REDLYNCH, homes and units usually stay on listing for an average of 31.5 days.

In 2016, 178 properties were sold in REDLYNCH during the past year, making it the 675th most active market in QLD based on total real estate transactions.

REDLYNCH ranks 167th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

REDLYNCH, 4870 has a capital gain of 19.83% for the past year, which is lower than average compared to its 109.26% growth within a five-year period.

REDLYNCH, 4870 ranks 377th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 19.83% for property investors last year.

With the median home price in REDLYNCH sitting at $503,277, and the average rent at $550, property owners could potentially earn a 5.68% increase in gross rental yield.

Property investors have seen a 10.61% gain in REDLYNCH based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on REDLYNCH, 4870 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 19.83%.

A survey of average capital gains or median home price increase in suburbs across the country shows that REDLYNCH, 4870 obtained a 7.9% growth over a ten-year period. It ranks 338th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$876,000	$503,277
Growth Report
Median Quarterly	5.54%	10.61%
Median 12 month	15.26%	19.83%
Median 3 years	31.24%	57.77%
Median 5 years	72.61%	109.26%
10 years average annual	6.4%	7.9%
Weekly media advert. rent	$770	$550
Time on Market	31.5 days	16.8 days
Gross Rental Yield Percent	4.57%	5.68%

Demographics (Median Values)*

Total Population 6068

Weekly Household Income 1395

Household Size 3.00

Average Age 33

Monthly Loan Repayment 1430

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

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