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
| Metric | Value |
|---|---|
| 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 Parks | Sel Outridge Park, Redland Bay Golf Club, Point Talburpin Park. |
| Transport Access | Cleveland-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.