Good Value Still to be Found for Investors in Greater Brisbane’s Redlands Suburbs
Image by: Neegzistuoja, CC BY-SA 4.0, via Wikimedia Commons
Less than 30km from Brisbane, Redlands is a relaxed coastal area that delivers green spaces and seaside living. There’s easy access to islands, and it has grown popular with young families and retirees alike, largely due to the quieter life it offers in contrast with the city. It’s peaceful and has a wide range of housing options, but which suburbs should you consider if you’re looking to add to your portfolio?
Alexandra Hills
Known locally as Alex Hills, this family-friendly suburb is primarily residential. With access to Moreton Bay and leafy streets, it offers great value for money. Not only is it a quiet spot to raise a young family, but it’s also considered one of the safest suburbs in the area. It’s five minutes from the waterfront, and while it has a high owner-occupier rate, there is a demand for rentals.
House prices are up by 13.9%, the median price is $999,999 and comes with a rental yield of 3.7%, a weekly median price of $693. Unit prices are down by less than half a per cent, which makes now a good time to buy, with median prices of $712,500 and a 3.8% rental yield, with the median rental price coming in at $540 per week, which is a 5.9% increase.
Birkdale
It’s family-friendly and bayside, delivering a healthy combination of traditional and modern homes. Birkdale offers laid-back, community vibes and is served by high-quality local schools, a train station, and shopping options.
With a median house price of $1,180,000, it’s one of the more expensive suburbs in the area, but with a rental yield of 3.3% and a potential weekly income of $773, it’s worth considering. If you prefer to add a unit to your portfolio, you’re looking at a potential yield of 3.9% with the median rent costing $650 per week and median house prices of $760,500.
Capalaba
If you’re looking for a busier suburb that still delivers a family-friendly feel, Capalaba is an excellent choice. Seen as the gateway to the bayside, it’s home to a busy bus interchange, green spaces, and easy access to major shopping centres.
Median house prices have seen a steep increase over the last 12 months, now coming in at $1M and a healthy rental yield of 3.5%. Unit prices have seen even more growth in the last year, but with a rental yield of 3.6%, a median house price of $700,000 and a potential $590 per week, it could be the perfect choice.
Book a Building Inspection
Avoid costly mistakes by arranging a pre-purchase inspection by a qualified building inspector.