Suburb Profile Report for Redcliffe WA (6104)

Redcliffe House: Median price $457,500, Annual capital growth 2.77%, Number of sales 73, Weekly median advertised rent $380

Redcliffe Unit: Median price $368,000, Annual capital growth 2.07%, Number of sales 11, Weekly median advertised rent $328

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

Source: CoreLogic

  • House Report
  • Unit Report

Redcliffe is in the bottom 30% in WA when comparing median price capital growth over the last year. Redcliffe gave property investors a disappointing capital gain figure when compared to the rest of the state, with -8.50%.

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

The most recent median price for Redcliffe is $457500, with sellers offering an average of -8.58% off the asking price.

On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.

WA has seen average median house prices change by -3.64% which means that Redcliffe, 6104 has not done well for property investors by showing a capital gain of -7.54% over the last year

Property buyers and investors in Redcliffe 6104 should be seeing an average reduction in asking price of around -6.04% . This means that Redcliffe is holding prices well when compared to other suburbs in WA.

Often selling an investment property can take time, and in Redcliffe the average time real estate has been on the market is 72.18 days.

A $327.5 per week rent on the median house gives suburb investors a gross yield of circa 4.63%, without taking into account capital value appreciation, which has been averaging out at 2.07%.

HOUSE UNIT
$457,500 $368,000
-1.61% 1.10%
-8.50% -7.54%
2.77% 2.07%
$380 $328
73 11
4.32% 4.63%
75.03 72.18

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
Find a mortgage broker in Redcliffe WA
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