Redcliffe Buyers’ Agent’s Guide
Are you looking to purchase a home or investment property in Redcliffe? As a Redcliffe Buyers’ Agent, we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Redcliffe property purchase!
Redcliffe is a bayside suburb located approximately 30km north of the Brisbane CBD, in the Moreton Bay region. The suburb is best known for its sandy Sutton’s beach and the Redcliffe Jetty. Redcliffe is also where the Bee Gees started their career! Redcliffe is bordered by the suburbs of Margate, Kippa-Ring and Scarborough.
The population of Redcliffe in 2016 was around 10,378 and continues to grow. 49.9% of households in Redcliffe are owner occupied and consistent predominantly of professional couples (60-69 years old) without children.
Shops, restaurants and entertainment
Redcliffe’s main shopping and café precinct is located along Redcliffe Parade and Sutton Street, north of Anzac Avenue.
There is a train station in nearby Kippa-Ring. It takes just under an hour to get to Brisbane city by train.
The area is home to a number of great private and public schools including Southern Cross Catholic College, Grace Lutheran Primary School, Mueller College, Grace Lutheran College, Scarborough State School, and Redcliffe State High School.
Parks and Green spaces
There are numerous parks along the Redcliffe foreshore, always popular with runners, walkers and families.
Settlement Cove Lagoon is a family-friendly water play area and pool open all year round.
Redcliffe Hospital is the largest employer in the area. North Lakes Business Park and the Westfield North Lakes Shopping Centre are also large local employers.
Most and least desirable areas
Streets within a short walk to the waterfront, particularly properties with water views are most desirable.
Traffic noise can be an issue for properties close to major thoroughfares including Anzac Avenue and Oxley Avenue.
Housing type and typical block size
Almost half (48%) of properties in Redcliffe are free standing houses.
Post-war weatherboard homes and brick houses built in the 1970s-1980s are the predominant type of housing in the area.
What can my money buy in Redcliffe?
The median house price in Redcliffe is $441,250 which is below Brisbane’s median.
The median house price in Redcliffe would typically buy a 4 bedroom, 1 bathroom house on a 600m2 block requiring renovation. For example: 24 Centaur Street, Redcliffe – sold for $435,000 in March 2020 (click to view listing and see images below).
The median unit price in Redcliffe is: $370,000.
This amount would typically buy a 3 bedroom, 2 bathroom, 1 garage unit in a new complex close to the waterfront. For example: 6/19-21 Shields Street Redcliffe – sold for $370,000 in March 2020 (click to view listing and see images below).
How has the Redcliffe property market been performing?
In the last 5 years the median house price has increased by 15.8%. Over the last 10 years, house prices have increased by 2% per annum.
Units in Redcliffe have seen more modest price growth. In the last 5 years the median price of units has increased by 3.2%. On average, over the last 10 years unit prices have decreased by 0.2% per annum.
Supply and demand characteristics for Redcliffe
- Average Days on Market: Houses 62 days. Units: 96 days.
- On average houses are selling 7% below their list price. Units typically sell 6% below their list price.
- Redcliffe’s auction clearance rates are 0% for houses, and 0% for units.
- The average rental yield for houses is 4.46%, compared to 4.84% for units.
- There is a shortage of houses currently listed for sale (1.67%), (There is a large number of units currently listed for sale (4.56%)).
- The rental vacancy rate for houses is 1.58%, compared to units 1.14%.
**Statistics are accurate for April 2020
Thinking about buying a property in Redcliffe? Our Redcliffe Buyers’ Agent is more than happy to have a chat. Please contact us.
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