THE Redlands Coast and Bayside property markets are showing strong signs of growth, with several suburbs recording double-digit increases over the past year.
From affordable family areas to prestige bayside and acreage living, the region continues to attract both homebuyers and investors.
Capalaba recorded 54 rentals and 60 homes for sale last month. Median prices sit at $932,500 for houses and $622,500 for units, with both offering 3.9% yields. Annual growth reached just over 10% across the board.
Sheldon, with its tightly held acreage market, had only six properties for sale and one rental. The median house price has climbed to $1.85 million, with growth of 12.1%.
Thornlands remains one of the top performers, boasting 83 homes for sale and 63 rentals. House prices sit at $1.07 million and units at $692,500. Strong demand has pushed growth to 15.1% for houses and 15.4% for units.
Thorneside has shown remarkable momentum, with 20 rentals and 18 properties for sale. Median house prices reached $1.21 million and units $675,000.
Houses are renting for $695 per week and units for $500, producing yields of 3.4% and 4.3% respectively. Growth has been outstanding, with houses up 25.3% and units up 29.8% over the past year.
Cleveland also delivered strong results, with 56 rentals and 131 homes for sale. The median house price is $1.23 million and units $730,000.
Houses are renting for $750 per week with a 3.8% yield, while units return 4.1%. Growth has been notable, with houses up 17% and units 5.4%.
Alexandra Hills reported median prices of $900,000 for houses and $720,000 for units, with growth of 11.1% and 36.5% respectively. Both markets offer a 4% yield.
Premium bayside suburb Ormiston holds median prices of $1.33 million for houses and $785,000 for units. Houses grew 9.7%, while units jumped 26.6%.
Victoria Point recorded house values of $1.02 million, rising 15.9% over the year, while units grew 9.8% to $656,250.
Redland Bay remains steady, with houses at $975,000 and units at $770,000, both showing around 11% growth.
Manly and Wynnum showed mixed results. Manly houses posted just 2.2% growth, but units rose 17.4%. In Wynnum, houses grew 5% and units 10.8%.
Overall, the Redlands Coast and Bayside remain highly diverse markets.
While premium suburbs such as Cleveland, Ormiston and Manly attract lifestyle buyers, rapidly growing areas like Thorneside, Thornlands and Alexandra Hills are proving particularly appealing for investors.
