GET ready for a Redlands property market update that’s packed with exciting opportunities for buyers and investors alike!
As of November 2024, local suburbs are seeing incredible growth and rental yields that make now the perfect time to explore the market.
From the serene properties in Mount Cotton, where houses boast a median price of $927,500 and an impressive 15.9% annual growth, to the high-end charm of Sheldon with a median price of $1,595,000, the area has something for every lifestyle and budget.
Capalaba and Thornlands are also buzzing, offering median days on market as low as 16 days, strong yields, and rental rates going at around $650-675 per week.
Mount Cotton had three properties available for rent and 45 properties for sale. Median sold prices over the past year is $927,500 for houses.
If you are looking for an investment property, consider houses in Mount Cotton – they rent out for $670pw, with an annual rental yield of 4.1%. Mount Cotton has seen an annual compound growth rate of 15.9% for houses.
Last month, Sheldon had just the one property available for rent and eight properties for sale. Median sold prices over the past year was $1,595,000 for houses. Sheldon has seen an annual compound growth rate of 14.5% for houses.
Capalaba had 67 properties available for rent and 86 properties for sale. Median property prices over the past year range from $865,000 for houses to $574,000 for units. If you are looking for an investment property, consider houses in Capalaba – they rent out for $650pw with an annual rental yield of 4.0%, and units rent for $520pw with a rental yield of 4.9%. Capalaba has seen an annual compound growth rate of 15.3% for houses and 12.3% for units.
Thornlands had 51 properties available for rent and 110 properties for sale. Median property prices over the past year range from $949,900 for houses to $590,000 for units. If you are looking for an investment property, consider houses in Thornlands – they rent out for $675pw with an annual rental yield of 4.1%, and units rent for $600pw with a rental yield of 5.1%. Thornlands has seen an annual compound growth rate of 10.2% for houses and -0.8% for units.
Alexandra Hills had 42 properties available for rent and 51 properties for sale. Median property prices over the past year range from $830,000 for houses to $572,500 for units. If you are looking for an investment property, consider houses in Alexandra Hills – they rent out for $650pw with an annual rental yield of 4.2% and units rent for $470pw with a rental yield of 5.0%. Alexandra Hills has seen an annual compound growth rate of 12.2% for houses and 30.9% for units.
Redland Bay had 71 properties available for rent and 129 properties for sale. Median property prices over the past year range from $891,000 for houses to $706,000 for units. If you are looking for an investment property, consider houses in Redland Bay – they rent out for $695pw with an annual rental yield of 4.2% and units rent for $422pw with a rental yield of 3.7%. Redland Bay has seen an annual compound growth rate of 5.4% for houses and 7.8% for units
Victoria Point property market
Last month Victoria Point had 38 properties available for rent and 90 properties for sale. Median property prices over the past year range from $910,000 for houses to $605,000 for units. If you are looking for an investment property, consider houses in Victoria Point – they rent out for $660pw with an annual rental yield of 4.0% and units rent for $500pw with a rental yield of 4.3%. Victoria Point has seen an annual compound growth rate of 11.0% for houses and 17.4% for units.
Thorneside had 14 properties available for rent and 17 properties for sale. Median property prices over the past year range from $1,050,000 for houses to $547,500 for units. If you are looking for an investment property, consider houses in Thorneside – they rent out for $625pw with an annual rental yield of 3.4% and units rent for $470pw with a rental yield of 5.0%. Thorneside has seen an annual compound growth rate of 27.7% for houses and 14.6% for units.
Wellington Point had 29 properties available for rent and 70 properties for sale. Median property prices over the past year range from $1,150,000 for houses to $680,000 for units. If you are looking for an investment property, consider houses in Wellington Point – they rent out for $725pw with an annual rental yield of 3.7% and units rent for $575pw with a rental yield of 4.2%. Wellington Point has seen an annual compound growth rate of 13.3% for houses and 17.7% for units.
Ormiston had 23 properties available for rent and 59 properties for sale. Median property prices over the past year range from $1,262,500 for houses to $645,000 for units. If you are looking for an investment property, consider houses in Ormiston – they rent out for $750pw with an annual rental yield of 3.6% and units rent for $675pw with a rental yield of 4.4%. Ormiston has seen an annual compound growth rate of 15.0% for houses and 5.7% for units.
Cleveland had 55 properties available for rent and 143 properties for sale. Median property prices over the past year range from $1,050,000 for houses to $710,000 for units. If you are looking for an investment property, consider houses in Cleveland – they rent out for $700pw with an annual rental yield of 3.9% and units rent for $550pw with a rental yield of 4.4%. Cleveland has seen an annual compound growth rate of 8.5% for houses and 14.5% for units.
Birkdale had 39 properties available for rent and 72 properties for sale. Median property prices over the past year range from $1,068,000 for houses to $600,000 for units.
