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Redlynch
AREA REPORTS

Redlynch

Redlynch - SUBURB PROFILE REPORT
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 14% for the past year.

Investors saw the median home price rise to $570,000.

Profits due to an upward trend in home prices in the suburb averaged 4.67% per annum over a 3-year period.

REDLYNCH now ranks at the 588th 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 high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $550 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 24.0 days.

In 2016, 246 properties were sold in REDLYNCH during the past year, making it the 518th most active market in QLD based on total real estate transactions.

Data report can be found below

Redlynch
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $570,000 $254,500
GROWTH REPORT
Median Quarterly 4.49% 1.8%
Median 12 month 14% 7.84%
Median 3 years 14% 7.5%
Median 5 years 22.06% 3.88%
10 years average annual 3.46% 1.59%
Weekly media advert. rent $550 $390
Time on Market 24.0 days 41.8 days
Gross Rental Yield Percent 5.02% 7.97%
demographics (median values)*
Total Population
6068
Weekly Household Income
1395
Household Size
3.00
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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