The Redland and Bayside region’s real estate market continues to attract both homebuyers and investors, offering a broad range of property prices, rental yields and capital growth across its suburbs. Here’s a snapshot of how key suburbs performed over the past year.
REDLAND BAY
Redland Bay remains a popular choice, with 108 properties for sale and 43 rentals last month. The median house price stands at $915,000, while units average $750,000. Rental demand is steady, with houses generating $700 per week (4.2% yield) and units $427 per week (3.9% yield). Over the past year, house prices grew by 4.6%, and units by 8.9%.
THORNLANDS
Thornlands recorded strong capital growth, with house prices appreciating by 14.4% annually. With 80 properties for sale and 52 for rent, median prices reached $1.03 million for houses and $648,000 for units. Rental yields are healthy, with houses at 4.0% and units offering an impressive 4.8%.
CAPALABA
Capalaba is emerging as a standout investment location, especially for units, which posted a 12.7% annual growth rate. The suburb had 52 properties for sale and 42 for rent. The median house price is $912,250 (3.9% yield), while units sit at $600,000 (4.7% yield).
ALEXANDRA HILLS
Alexandra Hills stood out with unit prices soaring 28.1% over the past year. With 44 properties for sale and 43 rentals, the median house price is $885,000, and units average $650,000. Yields are solid, with houses returning 4.1% and units 4.6%.
CLEVELAND
Cleveland saw strong capital growth for houses, up 16.2% annually. With 113 properties for sale and 45 for rent, the median house price is $1.15 million, and units sit at $710,000. Rental yields are 3.9% for houses and 4.4% for units.
WELLINGTON POINT
Wellington Point combines premium pricing with high unit growth of 19.0%. The median house price is $1.2 million, and units average $720,000. Houses rent for $750 per week (3.6% yield), while units return 4.0%.
ORMISTON
Ormiston presents a mixed market – modest house growth of 2.4% but a robust 25.4% increase in unit values. With 43 properties for sale and 23 rentals, houses are priced at $1.28 million and units at $765,000.
THORNESIDE
Thorneside, a smaller market with only 13 properties for sale and 11 rentals, delivered big returns: 29.1% annual growth for houses and 23.8% for units. Median prices are $1.175 million for houses and $620,000 for units.
MANLY WEST
Manly West performed strongly, with house and unit prices rising by 14.4% and 16.4%, respectively. Houses are now valued at $1.172 million, and units at $792,000. Rental yields are 3.5% for houses and 4.1% for units.
WYNNUM WEST
Wynnum West showed solid growth, with house prices up 14.1% and units up 19.2%. With 53 homes for sale and 44 rentals, the suburb offers relative affordability – $1.005 million for houses and $715,000 for units.
VICTORIA POINT
Victoria Point’s balanced market recorded growth of 11.1% for houses and 9.1% for units. Median prices are $965,750 for houses and $630,000 for units, with yields of 4.0% and 4.5%, respectively.
MOUNT COTTON
A quieter achiever, Mount Cotton had just 34 listings and 10 rentals. The median house price is $975,000, with a rental yield of 3.9%. It recorded 11.1% growth in house values over the past year.
When it comes to capital growth, Thorneside emerged as the standout performer for houses, posting an impressive 29.1% annual increase.
For unit investors, Alexandra Hills led the way with a 28.1% rise, reflecting strong buyer confidence and demand.
If rental yield is your primary focus, Thornlands units offer the region’s most attractive return at 4.8%, making them a solid choice for income-focused investors.
Meanwhile, for those looking to enter the market without stretching their budget available, Capalaba offers the most affordable entry point for units, with a median price of just $600,000.
