Suburb Profile Report for Redcliffe WA (6104)

Redcliffe House: Median price $465,000, Annual capital growth 3.74%, Number of sales 90, Weekly median advertised rent $400

Redcliffe Unit: Median price $364,000, Annual capital growth 2.40%, Number of sales 12, Weekly median advertised rent $345

  • 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 Redcliffe, 6104 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.06%

When looking at the potential capital gains offered to property investors over the last 3 years, Redcliffe comes in at number 287th in WA.

Vendor discounting in Redcliffe is giving property investors an average Vendor Discount of around -7.85%. This puts suburb at number 164th in WA when ranking the most discounted suburbs.

Redcliffe has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -10.57% to date .

While Redcliffe,6104 ranked number 51th in WA for increase in median house value (annualised) increase, it is ranked 85th over the last 5 years.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.57% offered to property buyers. Sellers in Redcliffe itself are offering an average vendor discount of -6.77% to real estate investors.

Renters in Suburb are facing rents around $4140 per annum or $345 every week.

HOUSE UNIT
$465,000 $364,000
-2.11% -1.36%
-6.06% -10.57%
3.74% 2.40%
$400 $345
90 12
4.47% 4.93%
70.62 111.92

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (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
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Recent sales & rentals