Redland residents are turning to unconventional methods to accommodate family due to low housing supply across south-east Queensland.
Real estate principal Ben Tafolo said all suburbs across Redlands were currently in high demand, particularly acreage or larger properties.
“There’s not one suburb in the Redlands that is lagging or not in demand,” he said.
“Anything that is on 1000 to 2000 square metres or above is attracting a pretty substantial demand.
“Suburbs of Capalaba, Sheldon, Thornlands and Mount Cotton that have more acreage type homes have performed quite well.
“Interestingly, so have suburbs that are water adjacent like Thorneside, Birkdale, Wellington Point and Cleveland.”
Realestate.com.au data has revealed the extent of price growth across Redlands between 2013 and 2023, with Thorneside’s median value increasing more than 100 per cent in the past decade.
The data showed Sheldon and Thorneside landed the biggest gains.
Mr Tafolo said the current challenge was sourcing stock that was sufficient to cater for demand.
“The trick from an agent and buyers’ perspective is to locate adequate stock,” he said.
Tafolo Realty agent Suzie Tafolo said people were rethinking the way they used their current spaces to house struggling family members.
“Be that with a moveable dwelling, making use of a caravan and investigating building granny flats on their land, this is so they can use what they have to help house older kids or grandparents who might be struggling,” she said.
Mr Tafolo said properties were lasting just two to six weeks on the market before being snapped up.
“Obviously there are those which sell more rapidly or sell slower but as the medium of that timeframe you have an average of four weeks,” he said.
