From charming houses with captivating views to cozy units with modern amenities, Redlands Coast offers a snapshot of diverse living options.
With its market shifting again to being more active, with steady growth rates, and picturesque surroundings, it’s no wonder that this coastal paradise has become a magnet for both homebuyers and savvy investors.
Here are some area breakdowns from this month’s data. I can only see these figures jumping more over the month of August.
Sheldon reported two properties available for rent and five properties for sale last month.
The median sold prices for houses in the area over the past year stood at an impressive $.5m, showcasing its desirability. Moreover, Sheldon’s housing market has experienced a steady compound growth rate of 2.6 per cent over the past five years, making it an attractive prospect for potential buyers and investors.
Another notable suburb, Alexandra Hills, has also seen substantial activity in the real estate sector. With 35 properties available for rent and 63 properties for sale last month, the area offers a range of housing options.
Median property prices in Alexandra Hills over the last year ranged from $710,000 for houses to $430,000 for units.
Capalaba reported 38 properties available for rent and 74 properties for sale during the same period.
Median property prices in Capalaba ranged from $740,000 for houses to $480,000 for units over the last year, reflecting its popularity among buyers. The suburb’s diverse property offerings and steady market conditions have contributed to its growing appeal.
Thornlands, Victoria Point and Redland Bay are other prominent suburbs in the Redlands Coast, each boasting a mix of rental and for-sale properties.
Redland Bay stood out as an attractive investment destination, with houses commanding $600 per week in rent, yielding 4.2 per cent, and units securing $497 per week, yielding 4.4 per cent.
Mount Cotton and Wellington Point are two more suburbs worth noting. Mount Cotton’s median sold price for houses was $800,000, and the area has experienced a compound growth rate of 3.9 per cent over the past five years.
As the region’s popularity continues to show more growth, there’s a strong indication that property prices will rise further over the next 12 months.
