Redcliffe

POSTAL CODE: QLD, 4020

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 26.76% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $900,000

The augmented property values in the suburb are trailing behind the territorial average of 12.36% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $620.

Home owners selling their properties and realtors in REDCLIFFE usually have to wait an average of 44.1 days days before their assets are lifted off the market.

The QLD suburb ranks 456th on the list of best yielding suburbs for rental properties in QLD, posting a 3.58% return.

It also places places 574th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 12.5% over the last 12 months in REDCLIFFE, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that REDCLIFFE, 4020 obtained a 7.05% growth over a ten-year period. It ranks 482nd on our list of suburbs that property investors should look into.

REDCLIFFE, 4020 has a capital gain of 12.5% for the past year, which is lower than average compared to its 83.33% growth within a five-year period.

With the median home price in REDCLIFFE sitting at $742,500, and the average rent at $570, property owners could potentially earn a 3.99% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in REDCLIFFE are low, as opposed to average gains per annum over the past five years.

REDCLIFFE, 4020 in QLD belongs to the local government area of Moreton Bay.

Surburb overview

Redcliffe, Queensland 4020, is a coastal suburb located approximately 28 kilometres north of Brisbane’s central business district (CBD). Known for its seaside charm and historical significance, Redcliffe has been a popular coastal destination since the 1880s. Its stunning beaches and vibrant community continue to attract residents and visitors. The suburb has a population of around 10,460 people as of the 2021 census, with the predominant age group being 60-69 years.

The real estate market in Redcliffe features a diverse mix of property types, including classic Queenslander homes, modern apartments, and waterfront properties. The median property price is around $775,000 for houses and $570,000 for units, with an annual growth rate of 6.90% for houses and 12.87% for units. The rental market is strong, with median weekly rents of $580 for houses and $550 for units, providing rental yields of 3.87% and 4.72%, respectively.

Redcliffe offers a variety of amenities and attractions, such as the Settlement Cove Lagoon, Redcliffe Jetty, and numerous cafes, restaurants, and boutiques along the waterfront. The area is well-serviced by public transportation, with several bus routes connecting to Brisbane and nearby suburbs. Redcliffe’s coastal lifestyle, rich history, and community facilities make it a desirable location for families and retirees seeking a relaxed yet well-connected seaside suburb.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$900,000	$742,500
Growth Report
Median Quarterly	2.86%	4.58%
Median 12 month	10.77%	12.5%
Median 3 years	26.76%	48.2%
Median 5 years	93.13%	83.33%
10 years average annual	9%	7.05%
Weekly media advert. rent	$620	$570
Time on Market	44.1 days	45.3 days
Gross Rental Yield Percent	3.58%	3.99%

Demographics (Median Values)*

Total Population 8979

Weekly Household Income 681.1

Household Size 2.20

Average Age 42

Monthly Loan Repayment 1181

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

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