The real estate market in Redlands continues to exhibit varying trends, as revealed in the latest sales and rental data for the past month.
From Capalaba to Redland Bay, each suburb presents unique opportunities and challenges for both buyers and investors.
Capalaba: Median property prices over the past year have ranged from $740,000 for houses to $483,000 for units. For those looking for investment properties, houses in Capalaba rent out for $600 per week with an annual rental yield of 4.2 per cent, while units command $450 per week with a rental yield of 5.1 per cent.
Alexandra Hills: With 64 properties for sale last month and 27 available for rent, Alexandra Hills remains a competitive market. Median property prices have held steady, with houses at $720,000 and units at $430,000.
Thornlands: There were 104 properties for sale and 57 for rent in Thornlands. The median property prices are $845,000 for houses and $525,000 for units. It continues to be an attractive choice for investors and homeowners alike.
Victoria Point: Median property prices in the last year have been $787,750 for houses and $496,000 for units, making Victoria Point a vibrant market for buyers.
Redland Bay: There were 134 properties for sale and 60 for rent in Redland Bay. Median property prices are $835,000 for houses and $620,000 for units. It remains a sought-after coastal suburb for its scenic beauty.
Birkdale: Birkdale, with 65 properties went to market and 46 for rent, has a median property price of $852,500 for houses and $540,000 for units, showcasing its appeal to a range of buyers.
Thorneside: Median property prices are $800,000 for houses and $447,000 for units in Thorneside, reflecting its affordability compared to other suburbs.
It is important for buyers and investors to carefully consider their options and conduct thorough research before making any real estate decisions.
