Reedy Creek (postcode 4227) is a moderately sized suburb in Queensland within the Gold Coast local government area. The area has roughly 7,412 residents and a mix of young professionals and families, with a median age of 37. Households earn a median income of $116K per year, with an average household size of 3.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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, managers, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in Reedy Creek stand at $1.4 million, having climbed sharply by 16.7% over the last twelve months. Units have a median price of $700,000 (+13.8% YoY). The current median weekly rent is $1000. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $2,167.
Reedy Creek is served by 3 schools, including 3 combined. The average ICSEA score is 1081, which is above the national average of 1,000. Public transport access includes 21 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,699 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.7%, which reads as moderate yield. Property prices are near the state median ($1.4M/$1.1M). The price-to-income ratio of 12.1x is considered stretched. House prices have moved +16.7% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.