Suburb Profile Report for Redcliffe WA (6104)

Redcliffe House: Median price $452,500, Annual capital growth 3.30%, Number of sales 93, Weekly median advertised rent $398

Redcliffe Unit: Median price $364,000, Annual capital growth 1.98%, Number of sales 12, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Redcliffe has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.05%

A 4.02% growth in median value for property investors in Redcliffe,6104 puts this suburb at number 359th in terms of best performing suburbs in WA

Our latest figures would indicate that property sellers in Redcliffe are currently offering property investors an average price cut of -7.51% below the asking price at the moment.

Redcliffe, 6104’s gross rental yield is 4.57%

WA has seen average median house prices change by -4.80% which means that Redcliffe, 6104 has not done well for property investors by showing a capital gain of -10.89% over the last year

Across a shorter period, Redcliffe, 6104 has seen a median price increase of -1.09% over the last quarter.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.58% offered to property buyers. Sellers in Redcliffe itself are offering an average vendor discount of -6.77% to real estate investors.

At number 1272 in a list of fastest selling suburbs, Redcliffe is in the bottom 20% of suburbs in Australia with an average of days on market 111.92 for properties listed there.

HOUSE UNIT
$452,500 $364,000
-5.73% -1.09%
-9.05% -10.89%
3.30% 1.98%
$398 $340
93 12
4.57% 4.86%
70.75 111.92

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 4757
Median household income ($/weekly) 1360
Median age of persons 35
Median housing loan repayment ($/monthly) 1863
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 535 11.2
    25-34 years 835 17.6
    35-44 years 771 16.2
    45-54 years 592 12.4
    55-64 years 443 9.3
    Others 1581 33.2
    Age Group
    Census Count Percent(%)
    Not Married 1552 48.1
    Registered Married 1292 40.0
    Defacto Relationship 382 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2681 62.8
    Indonesia 98 2.3
    Papua New Guinea 223 5.2
    United Kingdom 332 7.8
    Other 369 8.6
    Others 569 13.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 146 3.5
    Christianity 2685 64.7
    Hinduism 57 1.4
    Islam 190 4.6
    No Religion 1041 25.1
    Others 32 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 135 9.0
    $1,250-$1,499 143 9.5
    $1,500-$1,999 208 13.9
    $2,000-$2,499 151 10.1
    $2,500-$2,999 167 11.1
    Others 696 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1528 43.8
    Not in the labour force 1109 31.8
    Employed, worked part-time 579 16.6
    Employed, away from work 164 4.7
    Unemployed, looking for work 111 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 385 17.0
    Technicians & trades workers 376 16.6
    Community & personal service workers 239 10.5
    Clerical & administrative workers 374 16.5
    Machinery operators & drivers 228 10.0
    Others 669 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 54 6.2
    Infants/Primary 340 39.3
    Secondary 190 22.0
    Technical or Further Educational Institution 105 12.1
    University or other Tertiary Institutions 148 17.1
    Others 28 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3577 86.3
    Semi-detached, row or terrace house, townhouse 394 9.5
    Flat, unit or apartment 173 4.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 677 40.7
    Rented 647 38.9
    Fully owned 327 19.7
    Other tenure type 11 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals