Question 1

Is Redridge a nice place to live?

Accepted Answer

Redridge is a semi-rural locality in the Bundaberg region that leans towards a country lifestyle on acreage and small farms. Low-density housing, with hobby farms, modern rural homes and timber cottages, sits among open paddocks and pockets of remnant bush, joined by rural lanes, farm vistas and scattered creeklines. At the same time it has straightforward access to Bundaberg’s shops, schools and services and to the coast for day trips and recreation.

Home to 711 people, Redridge has a median age of 57 and a typical household income of $914 a week, about $47,528 a year. The community is weighted towards couples without children, who make up 64.1% of family households, and homes are predominantly owner-occupied (60.0% owned outright, 33.0% owned with a mortgage, renters 7.0%). There are no schools in Redridge; the nearest government primary schools are Goodwood State School and Childers State School and the nearest government secondary is Isis District State High School in Childers. Given its rural character and ownership profile, the suburb suits people after space, privacy and an outdoor way of life.

Question 2

Is it expensive to live in Redridge?

Accepted Answer

There haven't been enough recent sales or rentals in Redridge (4660) to publish reliable house or unit prices or rents. Without current price or rent figures, it's not possible to describe how expensive it is to live here compared with typical local household incomes as recorded at the most recent Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Redridge a good place to invest?

Accepted Answer

House values in Redridge climbed 24.0% over the past 12 months, a strong increase in capital value for the year.

For someone weighing Redridge up as an investment, that 24.0% figure speaks to capital growth over the 12-month period; there isn't enough recent data here to report how rents or unit values moved. Whether that level of house value growth suits your plans depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	24.0%	N/A
Sold Past 3 months	2	N/A
Median days on market Past 12 months	47	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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