Grab a cuppa and see what the real estate scene has been up to lately. Let’s explore the recent statistics that shed light on the current state of the housing market in these vibrant communities.
Redland Bay: In the previous month, Redland Bay presented 38 properties for rent and 123 properties for sale. The median property prices over the last year showcase a range from $836,250 for houses to $663,750 for units. For prospective investors, houses in Redland Bay rent out for $630 per week, boasting an annual rental yield of 4.3%, while units command $510 per week with a rental yield of 4.5%. Over the past year, Redland Bay has experienced an annual compound growth rate of -0.4% for houses and an impressive 14.7% for units.
Thornlands: Moving to Thornlands, the market exhibited 36 properties for rent and 100 properties for sale in the last month. Median property prices over the past year ranged from $862,250 for houses to $549,000 for units. Those eyeing investment opportunities can consider houses in Thornlands, renting out at $650 per week, with an annual rental yield of 4.2%, while units command $550 per week with a rental yield of 5.4%.
Capalaba: In Capalaba, last month saw 34 properties available for rent and 68 for sale. Median property prices over the past year ranged from $761,000 for houses to $490,000 for units. Potential investors may find houses in Capalaba attractive, renting out at $600 per week with an annual rental yield of 4.2%, while units are listed at $475 per week, yielding a rental return of 5.2%. Capalaba has experienced an annual compound growth rate of -1.2% for houses and a positive 5.9% for units.
Alexandra Hills: With 38 properties for rent and 61 for sale, Alexandra Hills showcased median property prices ranging from $745,000 for houses to $435,000 for units in the last month. For those interested in investment, houses in Alexandra Hills can be leased for $595 per week, yielding 4.4%, while units offer a rental return of 5.2% at $450 per week. Alexandra Hills has seen an annual compound growth rate of 1.9% for houses and 3.4% for units.
Cleveland: In Cleveland, the market spotlight reveals 51 properties for rent and 118 for sale. Median property prices over the last year ranged from $957,000 for houses to $590,000 for units. For potential investors, houses in Cleveland can be leased at $680 per week, providing an annual rental yield of 4.1%, while units offer a return of 4.7% at $500 per week.
Birkdale: Last month, Birkdale displayed 42 properties for rent and 72 for sale. Median property prices ranged from $855,000 for houses to $588,500 for units.
