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Kuluin vs Redland Bay

Property investment comparison - Kuluin, QLD 4558 vs Redland Bay, QLD 4165

Head-to-head across core investment metrics: Kuluin wins 4, Redland Bay wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricKuluinRedland Bay
Median house price$1.2M$1.2M
Median unit price-$880K
Gross rental yield (houses)3.67%3.39%
Gross rental yield (units)4.03%3.84%
1-year house growth+19.9%estimate+16.6%estimate
3-year house growth--
Vacancy rate0.8%1.8%
Population2,70017,056

Kuluin vs Redland Bay: what the numbers say

The median house price is $1.2M in Kuluin and $1.2M in Redland Bay, so Redland Bay is the cheaper entry point.

On cash flow, Kuluin leads: houses there return a gross rental yield of 3.67%, compared with 3.39% in Redland Bay, a gap of 0.28 percentage points.

Over the past year house prices moved +19.9% in Kuluin (an estimate) and +16.6% in Redland Bay (an estimate), so recent momentum favours Kuluin, although both suburbs recorded growth.

Rental vacancy is 0.8% in Kuluin and 1.8% in Redland Bay, so landlords in Kuluin face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Redland Bay is the bigger suburb, with a population of 17,056 against 2,700, roughly 6 times the size of Kuluin; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Kuluin for rental income, Redland Bay for a lower purchase price, Kuluin for recent price momentum, Kuluin for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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