Redland Bay is a well-established suburb in Queensland within the Redland local government area (postcode 4165). With a population of 17,056, the suburb has an established demographic with a median age of 40. Households earn a median income of $106K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Redland Bay is $880,000, having grown strongly 5.2% over the past year. Units have a median price of $725,000 (+11.9% YoY). The current median weekly rent is $720. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $2,080.
Redland Bay is served by 2 schools, including 2 primary. The average ICSEA score is 1004, which is around the national average of 1,000. Public transport access includes 1 rail station, 50 bus stops. The crime rate in the Redland LGA is below average at 3,545 incidents per 100,000 population.
From an investment perspective, Redland Bay offers a gross rental yield of 4.3%, rated as moderate yield. Property prices are near the state median ($880K/$1.1M). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +5.2% year-on-year.
Redland Bay is a well-established suburb in Queensland within the Redland local government area (postcode 4165). With a population of 17,056, the suburb has an established demographic with a median age of 40. Households earn a median income of $106K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Redland Bay is $880,000, having grown strongly 5.2% over the past year. Units have a median price of $725,000 (+11.9% YoY). The current median weekly rent is $720. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $2,080.
Redland Bay is served by 2 schools, including 2 primary. The average ICSEA score is 1004, which is around the national average of 1,000. Public transport access includes 1 rail station, 50 bus stops. The crime rate in the Redland LGA is below average at 3,545 incidents per 100,000 population.
From an investment perspective, Redland Bay offers a gross rental yield of 4.3%, rated as moderate yield. Property prices are near the state median ($880K/$1.1M). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +5.2% year-on-year.