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Redridge, QLD 4660

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Strong Growth

Median House

$800,000

market range $775K-$900K

Median Unit

$405,000

Gross Yield (houses)

4.1%

1yr Growth (houses)

+15.6%

market range +5.0% to +37.5%

Investment snapshot for Redridge

Redridge has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Redridge market and investor summary

In Redridge, QLD 4660, the median house sells for around $800K, on a gross rental yield of 4.1% for houses. House prices have moved +15.6% over the past year and +44.1% over three years. At 3.4% vacancy, it is a softer rental market with more choice for tenants.

For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.1% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 103 days on market, so plan for a slower exit if you ever need one.

Living in Redridge: people, income and schools

About 711 people live in Redridge, and the area has been growing steadily, up about 15% over five years. At a median age of 57, it reads as an older, established demographic, and 91% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

The typical household income runs to around $48,000 a year (about $910 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to a steep 16.8 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 40% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.

Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
711
+15% over 5yr
Median age
57 years
Median household income
$48,000/yr
Households renting
7%
Family households
77%
Socio-economic rank
1/10
ABS advantage index
Unemployment
4.4%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Redridge

No properties currently listed in Redridge

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Frequently asked questions about Redridge

What should I check before investing in Redridge?

Redridge has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.6%, before expenses, tax and loan costs. Capital growth of +15.6% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Redridge?

The median property price in Redridge, QLD 4660 is $800K for houses and $405K for units.

What rental yield does Redridge show?

The gross rental yield in Redridge is 4.1% for houses and 6.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Redridge?

House prices in Redridge are up 15.6% over the past year and up 44.1% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Redridge?

The current vacancy rate in Redridge is 3.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.

How many people live in Redridge?

Redridge has a population of approximately 711 residents, with a median age of 57.

Is Redridge affordable to buy in?

A median house in Redridge costs about 16.8 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Redridge's population growing?

The population of Redridge has grown about 15% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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