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Redlynch, QLD 4870

Home » QLD Real Estate Data » Cairns Regional, QLD » Redlynch, QLD 4870

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Redlynch, QLD 4870 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Redlynch, QLD 4870”

  1. The total adult population (15 years or older) of Redlynch 4870 QLD is 7,977, with a median age of 37. Of those, 52.56% are married, 10.77% are divorced or separated, 33.71% are single and 2.93% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $9,948. The median monthly mortgage repayment for households in this suburb is $1,842 which is 18.52% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the heart of QLD, REDLYNCH 4870 is a compelling suburb with an estimated 4254 households. As we cruise into the third quarter of 2023, details for the REDLYNCH property market make for interesting reading for savvy property investors and buyers agents.

    Monitoring the typical price point for houses, we find that properties in REDLYNCH are going for an average of $646,917. Beneficially for landlords, the median weekly rent stands at a healthy $607, churning out an attractive indicative yield of 4.88%. This yield is an appetising drawcard for investors centred on generating a sustained cashflow from their investment.

    A socio-economic examination of REDLYNCH shows that the suburb has an IRSAD score of 1044 out of a possible 1217. This points towards a generally well-off population that enjoys a favourable socio-economic standing.

    Meanwhile, a glance at the renter to owner ratio reveals a figure of 22%, which is a positive sign for real estate investors as it falls within the optimal range of 30% or lower. The upside of this is that the market is less saturated with rental properties, enabling investors to take advantage of higher returns in the long term.

    Furthermore, the suburb exhibits a units to houses ratio of just 10%. This is clearly favourable as the proportion of units on the market remains low, decreasing competition among landlords for tenants and maintaining competitive rental yields.

    Assessing REDLYNCH’s affordability index for houses, it would typically take 25 years for residents to own a property outright. Resting below the 30-year mark, this underscores the suburb’s affordability and is likely to attract buyers and renters.

    Investigating supply metrics for houses in the area, we see the stock on the market percentage at 0.42% – illustrating a low supply market which is considered favourable. Likewise, the inventory level for houses is 0.98 months which falls into the desirable low supply market. In addition, the building approvals ratio for houses is 1.3%, signifying a relatively balanced supply scenario.

    On the demand front, the average number of ‘days on market’ for houses is 60, representing a moderate level of demand. A vacancy rate of 1.68% (for both houses and units) lands in the neutral demand zone, while the buy search index for houses is 4, reinforcing this position.

    To summarise, while it’s important to note that some metrics sit in neutral terrains, the majority make REDLYNCH an attractive precinct for property investment. This overview has been prepared using the advanced RCS (Relative Composite Score) metric by HtAG Analytics which utilises over 80 metrics to automate this type of comprehensive research. This enables us to continually keep a pulse on localities such as REDLYNCH so that investors can make the most informed decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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