Suburb Profile Report for Redland Bay QLD (4165)

Redland Bay House: Median price $537,000, Annual capital growth 3.08%, Number of sales 416, Weekly median advertised rent $465

Redland Bay Unit: Median price $445,000, Annual capital growth -0.01%, Number of sales 59, Weekly median advertised rent $470

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Redland Bay, 4165 should be relatively unhappy 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 1.32%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Redland Bay has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Redland Bay should be aiming for at least -4.26% off the asking price, which is the average vendor discount being achieved at the moment.

A $465 per week rent on the median house gives suburb investors a gross yield of circa 4.50%, without taking into account capital value appreciation, which has been averaging out at 3.08%.

At number 821th in the list of Australian suburbs ordered by increase in median house value over the last year, Redland Bay, 4165 is in the top half with a property value increase of 3.71% recorded in median house prices.

Comparing Redland Bay,4165 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Using the current median advertised rental of $470 and the average annual increase in value of a median property of -0.01%, investors should hope to achieve an overall return of 5.49%

Metrics i HOUSE UNIT
$537,000 $445,000
0.37% 2.30%
1.32% 3.71%
3.08% -0.01%
$465 $470
416 59
4.50% 5.49%
84.83 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 13625
Median household income ($/weekly) 1575
Median age of persons 37
Median housing loan repayment ($/monthly) 2200
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 2252 16.5
    25-34 years 1501 11.0
    35-44 years 2227 16.3
    45-54 years 1882 13.8
    55-64 years 1547 11.4
    Others 4216 30.9
    Age Group
    Census Count Percent(%)
    Registered Married 5743 59.6
    Not Married 2959 30.7
    Defacto Relationship 928 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 10240 78.2
    Papua New Guinea 701 5.3
    South Africa 226 1.7
    United Kingdom 1200 9.2
    Other 259 2.0
    Others 477 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 75 0.6
    Christianity 9391 74.9
    Islam 39 0.3
    Other Religious Groups 31 0.2
    No Religion 2979 23.8
    Others 25 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 329 8.3
    $1,250-$1,499 334 8.5
    $1,500-$1,999 664 16.8
    $2,000-$2,499 497 12.6
    $2,500-$2,999 400 10.1
    Others 1721 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4268 42.9
    Not in the labour force 2930 29.4
    Employed, worked part-time 2046 20.6
    Employed, away from work 394 4.0
    Unemployed, looking for work 316 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 915 13.6
    Professionals 943 14.1
    Technicians & trades workers 1174 17.5
    Clerical & administrative workers 1127 16.8
    Sales 696 10.4
    Others 1855 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 184 5.5
    Infants/Primary 1499 44.6
    Secondary 1010 30.0
    Technical or Further Educational Institution 228 6.8
    University or other Tertiary Institutions 363 10.8
    Others 80 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 12795 98.7
    Flat, unit or apartment 93 0.7
    Semi-detached, row or terrace house, townhouse 79 0.6
    Improvised home, tent, sleepers out 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1996 45.8
    Fully owned 1224 28.1
    Rented 1118 25.7
    Other tenure type 17 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals