City of Moreton Bay – Redcliffe Peninsula – Buyer’s Agent Suburb Report: Redcliffe, QLD

November 20, 2024 |

Moreton_Bay_Redcliffe

Date Prepared: 20th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).


Overview

Redcliffe, located on the Redcliffe Peninsula in Moreton Bay, is a vibrant coastal suburb known for its stunning beaches, cultural landmarks, and a strong sense of community. With its mix of residential options and a thriving tourism sector, Redcliffe is a popular destination for families, professionals, and retirees.


Demographics

  • Population: Approximately 11,700 (2021 Census, ABS).
  • Median Age: 45 years, reflecting a balanced mix of families, professionals, and retirees.
  • Dwelling Type: Predominantly standalone houses with a growing number of units.
  • Ownership: High ownership rates, indicative of a stable and established community.

Property Market (2024)

Houses

  • Median Sale Price: $815,000 (+8.7% annual growth).
  • Median Weekly Rent: $600.
  • Rental Yield: 3.9%.
  • Sales Volume: 138 recorded house sales in the past 12 months.

Units

  • Median Sale Price: $650,000 (+18.2% annual growth).
  • Median Weekly Rent: $540.
  • Rental Yield: 4.3%.

Long-Term Trends (2006–2024)

Over the past 18 years, Redcliffe’s housing market has shown steady growth, with the median house price increasing from $270,000 in 2006 to $815,000 in 2024. This represents an average annual growth rate of approximately 6.6%.

Recent Notable Sales

  • 25 Williams Street: Sold for $1,100,000 (Nov 2024).
  • 6 Manley Street: Sold for $1,050,000 (Sep 2024).
  • 32 Williams Street: Sold for $1,530,000 (Aug 2024).

Source: Pricefinder, Your Investment Property Magazine.


Education

Redcliffe offers access to a range of quality educational facilities:

  • Primary Schools:
    • Redcliffe State School.
  • Secondary Schools:
    • Redcliffe State High School.
  • Private Schools:
    • Grace Lutheran College (nearby in Rothwell).

Source: Queensland Department of Education, Landchecker.


Amenities and Lifestyle

Shopping

  • Redcliffe Markets: Offers boutique stores, cafes, and essential retail services.
  • Nearby Options: Kippa-Ring Shopping Centre provides larger retail hubs and dining options.

Parks and Recreation

  • Redcliffe Jetty: A landmark offering fishing, walking, and scenic views.
  • Suttons Beach: A family-friendly beach with picnic facilities and play areas.
  • Botanical Gardens: Features walking trails and lush greenery for recreation.

Source: Google, Walkscore.


Transport and Accessibility

  • Road Network:
    • Redcliffe is accessible via the Houghton Highway and Ted Smout Memorial Bridge, providing direct connections to Brisbane.
  • Public Transport:
    • Regular bus and train services connect Redcliffe to Brisbane and surrounding suburbs.
  • Walkability:
    • High; local amenities, parks, and beaches are within walking distance.

Source: TMR Queensland, Walkscore.


Recent and Planned Developments

  • Residential Expansion: Continued development of modern units and high-end homes along the waterfront.
  • Community Investments: Enhancements to foreshore facilities, parks, and local infrastructure to support population growth and tourism.

Source: Pricefinder, Your Investment Property Magazine.


Community and Employment

  • Employment Sectors:
    • Dominated by tourism, healthcare, retail, and education industries.
  • Community Activities:
    • Coastal festivals, weekend markets, and cultural events bring residents and visitors together.

Source: ABS, Your Investment Property Magazine.


Key Statistics at a Glance

MetricValue
Population~11,700 (2021 Census).
Median House Price (2024)$815,000.
Median Rent (Houses)$600/week.
Rental Yield (Houses)3.9%.
Median Unit Price (2024)$650,000.
Median Rent (Units)$540/week.
Rental Yield (Units)4.3%.
Notable ParksRedcliffe Jetty, Suttons Beach, Botanical Gardens.
Transport AccessHoughton Highway, Ted Smout Memorial Bridge, bus and train services.

Conclusion

Redcliffe’s stunning coastal scenery, steady property growth, and excellent amenities make it an attractive choice for families, retirees, and investors. Its vibrant community and proximity to Brisbane offer a desirable mix of lifestyle and convenience, providing long-term potential for residents and property buyers alike.

We hope that you have found City of Moreton Bay – Redcliffe Peninsula – Buyer’s Agent Suburb Report: Redcliffe, QLD helpful.

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