Redland City – Suburb Report: Redland Bay, QLD

November 13, 2024 |

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Date Prepared: 13th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).


Overview

Redland Bay, located 35 km southeast of Brisbane CBD, is a scenic bayside suburb within the Redland City region. Known for its coastal lifestyle, abundant greenery, and family-friendly environment, Redland Bay offers a mix of residential charm and natural beauty.


Demographics

  • Population: Approximately 15,000 (2021 Census, ABS).
  • Median Age: 40 years, reflecting a family-oriented and mature community.
  • Dwelling Type: Primarily standalone houses, with a growing number of townhouses and units.
  • Ownership: High levels of owner-occupancy, reflecting long-term residential stability.

Property Market (2024)

Houses

  • Median Sale Price: $910,000 (+8.3% annual growth).
  • Median Weekly Rent: $700.
  • Rental Yield: 4.0%.
  • Sales Volume: 340 house sales in the past 12 months.

Units

  • Median Sale Price: $782,500 (+11.8% annual growth).
  • Median Weekly Rent: $580.
  • Rental Yield: 3.9%.

Long-Term Trends (2006–2024)

  • Redland Bay’s housing market has grown significantly, with house prices increasing from $389,000 in 2006 to $910,000 in 2024.

Recent Notable Sales

  • 28 Seaberry Vista: Sold for $1,200,000 (Oct 2024).
  • 20 Boundary Street: Sold for $1,212,000 (Oct 2024).
  • 11 Jay Crescent: Sold for $1,150,000 (Nov 2024).

Source: Pricefinder, Your Investment Property Magazine.


Education

Redland Bay offers access to quality schools:

  • Primary Schools:
    • Redland Bay State School.
    • Victoria Point State School (nearby).
  • Secondary Schools:
    • Victoria Point State High School.
  • Private Schools:
    • Faith Lutheran College, Victoria Point.

Source: Queensland Department of Education, Landchecker.


Amenities and Lifestyle

Shopping

  • Redland Bay Shopping Village: Features essential retail services, including groceries and specialty stores.
  • Nearby Options: Victoria Point Shopping Centre provides larger retail and dining facilities.

Parks and Recreation

  • Sel Outridge Park: Offers playgrounds, picnic areas, and scenic waterfront views.
  • Redland Bay Golf Club: A popular recreational spot for locals.
  • Point Talburpin Park: A serene location for walking and enjoying nature.

Source: Google, Walkscore.


Transport and Accessibility

  • Road Network:
    • Well-connected via Cleveland-Redland Bay Road for access to Brisbane and surrounding suburbs.
  • Public Transport:
    • Bus services link Redland Bay to Victoria Point and Cleveland train stations.
  • Walkability:
    • Moderate; key amenities are accessible within walking distance in central areas.

Source: TMR Queensland, Walkscore.


Recent and Planned Developments

  • Residential Growth: Expansion of modern homes and townhouses to meet growing demand.
  • Community Investments: Continued upgrades to parks and public spaces under Redland City Council initiatives.

Source: Pricefinder, Your Investment Property Magazine.


Community and Employment

  • Employment Sectors:
    • Dominated by healthcare, education, retail, and construction industries.
  • Community Activities:
    • Local farmers’ markets, golf events, and waterfront festivals strengthen Redland Bay’s community ties.

Source: ABS, Your Investment Property Magazine.


Key Statistics at a Glance

MetricValue
Population~15,000 (2021 Census).
Median House Price (2024)$910,000.
Median Rent (Houses)$700/week.
Rental Yield (Houses)4.0%.
Median Unit Price (2024)$782,500.
Median Rent (Units)$580/week.
Rental Yield (Units)3.9%.
Notable ParksSel Outridge Park, Redland Bay Golf Club, Point Talburpin Park.
Transport AccessCleveland-Redland Bay Road, bus services.

Conclusion

Redland Bay offers a perfect blend of bayside living and modern convenience. Its strong property market, excellent amenities, and vibrant community make it an appealing location for families, retirees, and investors seeking long-term value.

We hope that you have found Redland City – Suburb Report: Redland Bay, QLD helpful.

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