AFTER a couple of months of uncertainty surrounding interest rates and Federal Budget pressures, property markets across the Redlands Coast and Brisbane Bayside are continuing to demonstrate resilience, with several suburbs recording strong double-digit annual growth while rental supply remains tight.
May market data from realestate.com shows buyer demand remains strong across the mainland Redlands and Bayside corridor, with suburbs including Redland Bay, Mount Cotton, Capalaba, Thornlands and Wellington Point continuing to post impressive growth figures.
Redland Bay recorded one of the region’s strongest annual compound growth rates for houses at 22.5 per cent, with median house prices now sitting at $1.16 million.
The suburb also had 98 properties listed for sale and 63 rental properties last month, highlighting ongoing market activity.
Mount Cotton was another standout performer, recording annual house growth of 22.6 per cent and a median house price of $1.22 million.
Despite the strong demand, only 19 properties were listed for sale, and seven rental properties were available during May.
Capalaba and Alexandra Hills also continued their upward trajectory, with Capalaba recording annual house growth of 18.4 per cent alongside 85 properties for sale and 41 rental listings.
Alexandra Hills reached a median house price of $1.045 million with annual growth of 17.4 per cent, while recording 51 homes for sale and 29 rental listings.
Popular lifestyle suburbs Thornlands, Wellington Point and Victoria Point also maintained momentum.
Thornlands recorded a median house price of $1.2 million with annual growth of 16.5 per cent and 78 properties listed for sale.
Wellington Point reached $1.37 million with 14 per cent annual house growth, 16.2 per cent unit growth and 52 homes listed for sale.
Victoria Point recorded annual house growth of 11.7 per cent and unit growth of 16.5 per cent, with 94 properties on the market during May.
Ormiston and Birkdale remain among the region’s premium markets, with Ormiston’s median house price climbing to $1.4 million alongside 36 homes listed for sale, while Birkdale reached $1.265 million with 49 properties on the market.
Birkdale units recorded annual growth of 9.8 per cent.
Across the Bayside corridor, Wynnum and Manly continue attracting buyers seeking lifestyle and connectivity to Brisbane.
Wynnum recorded 57 homes listed for sale and annual unit growth of 20.5 per cent, while Manly’s median house price climbed to $1.775 million with just 17 properties listed for sale during May.
Rental yields across the region generally remained between 3.2 and 3.9 per cent, while limited rental supply continues placing pressure on the market.
The Southern Moreton Bay Islands also continued recording strong investor activity during May.
Russell Island recorded annual house growth of 20.1 per cent with 121 properties listed for sale, while Macleay Island had 72 homes on the market and Lamb Island recorded 13 properties for sale.
Strong rental yields above 5 per cent across the islands continue attracting investors to the bay islands market.
