Suburb Profile Report for Redcliffe QLD (4020)

Redcliffe House: Median price $439,000, Annual capital growth 2.23%, Number of sales 134, Weekly median advertised rent $380

Redcliffe Unit: Median price $370,000, Annual capital growth 0.24%, Number of sales 115, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

QLD has seen average median house prices change by 0.38% which means that Redcliffe, 4020 has done well for property investors by showing a capital gain of -0.23% over the last year

Taking the average capital gain, or increase in median house value, Redcliffe,4020 has racked up an average of -0.23% over the period. This ranks it number 2437th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -6.54% to buyers in Redcliffe at the moment, which is less than average for the rest of QLD.

A $380 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 2.23%.

At number 788th in the list of Australian suburbs ordered by increase in median house value over the last year, Redcliffe, 4020 is in the BOTTOM 50% with a property value increase of -1.79% recorded in median house prices.

Across a shorter period, Redcliffe, 4020 has seen a median price increase of 1.65% over the last quarter.

Property investors looking for a bargain in Redcliffe should be aiming for at least -6.13% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 0.24%, investors should hope to achieve an overall return of 4.92%

Metrics i HOUSE UNIT
$439,000 $370,000
-0.23% 1.65%
-0.23% -1.79%
2.23% 0.24%
$380 $350
134 115
4.50% 4.92%
71.0084033613445 97.7912087912088

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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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