Suburb Profile Report for Redcliffe QLD (4020)

Redcliffe House: Median price $420,500, Annual capital growth 4.85%, Number of sales 159, Weekly median advertised rent $365

Redcliffe Unit: Median price $361,000, Annual capital growth 1.05%, Number of sales 169, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Redcliffe, 4020 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.22%

A 16.81% growth in median value for property investors in Redcliffe,4020 puts this suburb at number 168th in terms of best performing suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that Redcliffe is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 556th in terms of most discounted suburbs in QLD

Residents and property investors in Redcliffe have been waiting around 65.38 days to sell a property.

Using the current median advertised rental of $365 and the average annual increase in value of a median property of 4.85%, investors should hope to achieve an overall return of 4.51%

QLD has seen average median house prices change by 0.77% which means that Redcliffe, 4020 has done well for property investors by showing a capital gain of -4.62% over the last year

Redcliffe,4020 has offered an average of -4.62% return per annum in house price rises to property investors over the last three years.

Redcliffe, 4020 is offering QLD ‘s 203th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this QLD.

With the median price for a house in Redcliffe being $361000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 5.04%

HOUSE UNIT
$420,500 $361,000
2.94% 0.28%
9.22% -4.62%
4.85% 1.05%
$365 $350
159 169
4.51% 5.04%
65.38 96.01

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 9200
Median household income ($/weekly) 882
Median age of persons 44
Median housing loan repayment ($/monthly) 1733
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 1003 10.9
    35-44 years 1276 13.9
    45-54 years 1266 13.8
    55-64 years 1357 14.7
    65-74 years 990 10.8
    Others 3309 36.0
    Age Group
    Census Count Percent(%)
    Not Married 3430 49.1
    Registered Married 2879 41.2
    Defacto Relationship 679 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6287 73.8
    Papua New Guinea 580 6.8
    Philippines 77 0.9
    United Kingdom 787 9.2
    Other 232 2.7
    Others 561 6.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 121 1.5
    Christianity 5833 72.0
    Hinduism 46 0.6
    Other Religious Groups 37 0.5
    No Religion 2031 25.1
    Others 37 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 415 11.4
    $400-$599 573 15.8
    $600-$799 440 12.1
    $1,000-$1,249 373 10.3
    $1,500-$1,999 392 10.8
    Others 1436 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3059 42.6
    Employed, worked full-time 2423 33.8
    Employed, worked part-time 1146 16.0
    Unemployed, looking for work 284 4.0
    Employed, away from work 261 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 649 16.9
    Technicians & trades workers 560 14.6
    Community & personal service workers 464 12.1
    Clerical & administrative workers 599 15.6
    Labourers 482 12.6
    Others 1078 28.1
    Occupation
    Census Count Percent(%)
    Pre-school 95 6.5
    Infants/Primary 540 36.7
    Secondary 424 28.8
    Technical or Further Educational Institution 169 11.5
    University or other Tertiary Institutions 182 12.4
    Others 60 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5954 70.0
    Flat, unit or apartment 2056 24.2
    Semi-detached, row or terrace house, townhouse 465 5.5
    House or flat attached to a shop, office 17 0.2
    Caravan, cabin, houseboat 9 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1834 47.0
    Fully owned 1100 28.2
    Being purchased 947 24.3
    Other tenure type 22 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals