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
Redcliffe’s property market has experienced significant growth over the past 12 months, particularly in the unit sector. House values have increased by 9.5%, with the median house price reaching $760,000. Units have seen a remarkable rise of 22.6%, bringing the median unit price to $687,000, indicating strong demand for units in the area.
Sales activity has been robust, with 34 houses and 28 units sold over the last three months. Properties are moving quickly, with houses spending a median of 26 days on the market and units just 20 days, reflecting a competitive market environment.
The rental market in Redcliffe has also seen notable changes, with house rents increasing by 6.4% and unit rents surging by 19.6% over the past 12 months. This suggests a strong rental demand, particularly for units, aligning with the observed price growth in the unit market.
Median price - houses$815KPast 3 months
Median price - units$670KPast 3 months
Change in value - houses9.1%12 months
Change in value - units20.1%12 months
Houses sold31Past 3 months
Units sold31Past 3 months
Median DOM - houses25Past 12 months
Median DOM - units20.5Past 12 months
Average rent - houses$580Past 12 months
Average rent - units$550Past 12 months
Change in rent - houses5.5%Past 12 months
Change in rent - units19.6%Past 12 months
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 6.4% over the past year to $585 per week, while unit rents have surged 19.6% to $550 per week. This coastal suburb continues to attract renters and investors alike, offering a desirable lifestyle with strong rental demand and promising returns.
Suburbs near Redcliffe
Some popular suburbs near Redcliffe include: