Located in Queensland within the Cairns local government area, Redlynch is an established suburb (postcode 4870). The area has roughly 10,571 residents and a mix of families and early-career residents, with a median age of 37. Households earn a median income of $120K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Redlynch stand at $700,000, having posted strong gains by 6.1% over the last twelve months. Units have a median price of $407,000 (+15.1% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,842.
Redlynch is served by 2 schools, including 2 combined. The average ICSEA score is 1037, which is around the national average of 1,000. The crime rate in the Cairns LGA is higher than average at 11,007 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 5.6%, which reads as high yield. Property prices sit below the state median ($700K/$1.1M), which can point to relative value. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +6.1% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.