Redcliffe suburb profile
Redcliffe is a picturesque coastal suburb located approximately 28km north-northeast of Brisbane, known for its stunning waterfront views and relaxed lifestyle. This charming suburb is part of the Moreton Bay Region and is famous for its sandy beaches, scenic parks, and the iconic Redcliffe Jetty. Redcliffe offers a vibrant community atmosphere with a mix of cafes, restaurants, and local markets, making it a popular destination for both residents and visitors. The area is rich in history and culture, with attractions such as the Redcliffe Cultural Centre and the Bee Gees Way, celebrating the suburb's connection to the famous musical group. Its coastal charm and community spirit make Redcliffe a desirable place to live and explore.
Redcliffe property market performance
Current median dwelling price$805,000Past 3 months
Property growth+8.0%Past 12 months
Redcliffe’s property market has shown positive growth over the past 12 months, with house values increasing by 9.9% and unit values rising by 6.1%. The median house price over the past three months has averaged $900,000, while units have averaged $710,000, indicating a healthy demand for both property types.
Sales activity has been consistent, with 41 houses and 41 units sold in the past three months. However, houses are selling faster than units, with a median time on market of 47 days compared to 55 days for units, suggesting a slightly stronger demand for houses.
The rental market in Redcliffe has also experienced significant growth, with house rents increasing by 10.7% and unit rents by 7.5% over the last 12 months, reflecting a robust demand for rental properties in the area.
Houses | Units | |
---|---|---|
Median price Past 3 months | $900K | $710K |
Change in value Past 12 months | 9.9% | 6.1% |
Sold Past 3 months | 41 | 41 |
Median days on market Past 12 months | 47 | 55 |
Average rent Past 12 months | $620 | $575 |
Change in rent Past 12 months | 10.7% | 7.5% |
5 year median price trend for houses and units
Redcliffe demographics
Redcliffe, located on the picturesque Moreton Bay in Queensland, is a suburb that offers a blend of coastal charm and a relaxed lifestyle. Known for its beautiful beaches and vibrant community, Redcliffe attracts a diverse range of residents, from retirees to young families. The median age of 52 indicates a mature population, with many residents enjoying the suburb's serene environment and community-oriented lifestyle.
The suburb's housing landscape is varied, with a significant portion of properties owned outright, reflecting a stable and established community. Approximately 33.4% of homes are owned outright, while 22.6% are owned with a mortgage, indicating a mix of long-term residents and newer homeowners. The rental market is also active, with 44% of properties being rented, appealing to those seeking flexibility or a coastal lifestyle without the commitment of home ownership.
Family structures in Redcliffe are diverse, with couple families without children making up nearly half of the family households at 48.9%. This is complemented by 26.9% of couple families with children and 22.5% of one-parent families, showcasing a community that caters to various family dynamics. The suburb's amenities, including parks, cafes, and cultural events, contribute to its appeal, making Redcliffe a desirable location for those seeking a peaceful yet engaging coastal lifestyle.
Redcliffe infrastructure, key developments and investment opportunities
Redcliffe is undergoing several developments that could impact its property market. The Redcliffe Peninsula Line, completed in 2016, has improved connectivity to Brisbane, potentially increasing property demand. The ongoing Redcliffe Foreshore Revitalisation project aims to enhance the waterfront area with new recreational facilities and improved public spaces, which could boost the appeal of nearby properties.
The Redcliffe Hospital expansion, set to be completed in 2023, will add new facilities and services, potentially attracting healthcare professionals to the area. Additionally, the Redcliffe Parade rejuvenation project is revitalizing the main street with new landscaping and infrastructure improvements. These developments, combined with Redcliffe's coastal lifestyle and proximity to Brisbane, are likely to sustain interest in the local property market and potentially drive up values in the coming years.
Redcliffe rental market trends
The rental market in Redcliffe has experienced notable growth, with house rents increasing by 10.7% over the past year to $620 per week, while unit rents have risen 7.5% to $575 per week. With its appealing coastal lifestyle and ongoing development, Redcliffe continues to attract both renters and investors seeking promising returns in a vibrant community.
Suburbs near Redcliffe
Some popular suburbs near Redcliffe include:
How does Redcliffe compare to nearby suburbs?
- Median house prices: Redcliffe’s median house price is 6.3% higher than Kippa-Ring’s.
- Median unit prices: Redcliffe’s median unit price is 22.0% higher than Kippa-Ring’s.
- House price growth: Over the past 12 months, house prices in Redcliffe have grown 0.8% higher than in Mango Hill.
- Unit price growth: Property prices in nearby Kippa-Ring have risen 21.3% more than in Redcliffe over the past year.
- Selling speed for houses: Properties in Redcliffe are selling 39.0% faster than in Scarborough.
- Selling speed for units: Properties in Redcliffe are selling 33.7% faster than in Scarborough.
- Investment considerations: In Redcliffe, the rental yield for house is 8.1% lower than the Brisbane average, while the rental yield for units is 6.4% lower.
- House price growth: Over the past 12 months, house prices in Redcliffe have grown 20.5% lower than the average rate of growth across Brisbane.
- Unit price growth:Over the past 12 months, unit prices in Redcliffe have grown 1.2% higher than the average rate of growth for units across Brisbane.