Redcliffe has shown impressive double-digit growth in the past 12 months ending June 2021, a sure sign that this Moreton Bay suburb 40 km north of Brisbane, long viewed as up-and-coming, has arrived. With its laid-back, family-friendly lifestyle, Redcliffe offers first-rate bayside living in a high-growth location that’s still relatively affordable, compared to other waterfront suburbs.
Over the years, Redcliffe’s property market has had a steady increase as more people seek the seaside and migrate to coastal towns. This peninsula, which has been undervalued for so long, is slowly coming into its own as an enviable lifestyle residential community that’s no longer just appealing to retirees. Even families and first home buyers are moving into this growing area.
From July 2020 to June 2021, the housing market in Redcliffe has performed at an impressive rate, making the property more valuable with the median house price exhibiting a 21 percent rise, according to Property Market Updates.
The uptick shows the median house price above the half-million mark at $530,000, up from $438,000 in the previous year. Redcliffe’s house listings stayed an average of 51 days on the market as an active interest in listings shook up buyers and investors.
A five-bedroom beachfront home on Prince Edward Parade was the most expensive property sold during the period ending June 2021 at $2,150,000. This lavish house with plantation shutters and an upstairs verandah overlooking the bay evokes a resort vibe.
Unit Price Growth
Redcliffe’s unit market also performed very well as the median unit price jumped by 12.50 percent, sitting at $450,000 for the period from July 2020 to June 2021. There were 247 units sold with listings staying an average of 94 days on market.
Though most buyers prefer houses over units in Redcliffe, sales activity for apartment living is still remarkable because of a sizeable market for downsizers.
Redcliffe used to be a popular beach hideaway decades ago. As other suburbs laid claim to the stature in recent years, this seaside location evolved into a residential locale, with rapidly changing infrastructure, facilities, and amenities.
Although it’s a good 40 minutes away from the bustling nightlife and other recreation or entertainment found in Brisbane’s inner-city suburbs, Redcliffe has plenty of good seafood restaurants and cafes for laidback leisure dining for families and couples.
The suburb has several bike paths and walkways, a handful of foreshore swimming pool facilities (Dolphins Fitness and Aquatic), and the beautiful Scarborough Beach Park for outdoor play with the kids.
“We moved here from Sydney 10 years ago and couldn’t be happier. It’s like living in paradise. We’ve got a water view from our unit – such affordable luxury would be out of our price range anywhere else.”Stella Burnell, Homely
“I fell in love with Redcliffe over 20 years ago, the first time coming over the bridge. I didn’t get the chance to move here until 10 years ago, and couldn’t be happier. I love the well-maintained foreshore, beautiful lagoon area, the restaurants, and the people.”Linda Peters, Homely
“The Government has invested heavily into the Redcliffe peninsula and this has lead to rapid gentrification over the last decade. This has encouraged developers to build waterfront luxury apartments and small business owners to open up their cafes and restaurants.”Richardj4, Homely