Located in Queensland within the Redland local government area, Redland Bay is a settled mid-to-large suburb (postcode 4165). It is home to about 17,056 residents, with an established demographic and a median age of 40. Households earn a median income of $106K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Scottish.
Redland Bay has a median house price of $880,000, which has posted strong gains by 5.2% year-on-year. Units have a median price of $725,000 (+11.9% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 4.4%. 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 3,602 incidents per 100,000 population.
On the investment side, Redland Bay shows a gross rental yield of approximately 4.4%, 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. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.