The Redlands Coast area offers an idyllic lifestyle just 30 km from the Brisbane CBD. Like Moreton Bay City, Logan and Ipswich, the Redlands property market has enjoyed a boom over the past few years thanks to its prime position in Queensland’s South East.
According to the id. Demographic Resource Centre, it’s one of the fastest growing regions in Australia with a population growth rate of 13.43% over the past ten years.
Buyers are well catered for with new homes and land, units, waterfront properties, established homes and acreage properties all available.
What is the current and projected state of the Redlands property market?
According to the REIQ, in August 2022 the Redlands had seen almost 30% growth when compared to the previous year.
There are signs that the property market is slowing a little in the wake of recent interest rate rises. One of the strongest indications of the future state of the market, is what is happening in the southern states; it usually takes 6 months or so for trends to impact Redlands real estate.
While the Redlands real estate market is expected to stabilise and level out, values are expected to climb as the 2032 Olympics in Brisbane draws nearer.
What is there to know about the Redlands?
The Redlands is a mixture of mainland suburbs and Moreton Bay islands.
It has a rich agricultural heritage, being the birthplace of Queensland’s sugar industry. The volcanic red soil is ideal for farming, however, these days the market gardens, strawberry, and flower farms have mostly given way to development.
Nearly 162,000 people live in the Redlands, with sixty percent of the population working full-time, and the unemployment rate is estimated at 6%. The top five occupations for residents are:
- Professionals (17.2%);
- Clerical and Administration Workers (16%);
- Technicians and Trades Workers (15.9%);
- and Community and Personal Service workers (10.1%).
Economic growth in the region is being driven by construction with numerous housing and infrastructure developments currently underway, with more planned in the future.
Of particular note is the Southern Redland Bay Infrastructure Investment project that will create over 5,000 lots while delivering more affordable housing.
An extension to the Eastern Busway, as well as more frequent rail services to Cleveland, are on the agenda, and will make it easier for residents to move about the region, and access Brisbane and the Gold Coast.
Who is moving to the Redlands?
People from Brisbane are most likely to move to the Redlands.
Within Redland City itself, 53.5% of the population did not change address between 2011 and 2016. Around 38 percent moved from elsewhere in Australia, with the majority coming from New South Wales and Victoria.
A small percentage (3.1%) came to the Redlands from overseas.
Attractions in the Redlands
- North Stradbroke Island is the jewel in the crown of the Redlands. It’s beautiful sandy beaches, rolling surf, and jaw-dropping coastline make it a popular holiday destination.
- Indigiscapes is Redland City Council’s environment education centre, and is situated on 14.5 hectares of natural bushland in Capalaba. As well as native botanical gardens, it has a nature playground and café specialising in local cuisine.
- Raby Bay Harbour is a popular destination for dining out, and hosts a monthly Twilight Makers Market which features creative and handmade goods under the stars.
- Island Living. The Redlands encompasses several islands – the previously mentioned North Stradbroke Island, with water taxi and vehicular barges operating between Cleveland and Dunwich. Sleepy Coochiemudlo Island is a ten minute ferry trip from Victoria Point, while the four Southern Moreton Bay Islands – Russell, Macleay, Karragarra and Lamb – are accessed by ferries and barges operating from Redland Bay.
- The Redlands has numerous heritage buildings of note including Whepstead Manor, Ormiston House, and Cleveland Point Lighthouse.
- Redlands Performing Arts Complex hosts shows and concerts throughout the year.
It’s easy to understand the appeal of living in the Redlands; it offers an enviable lifestyle for everyone whether first home buyer, investor, renter, down-sizer, empty nester, or retiree.