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Redwood, QLD 4350
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$850,000
list-price estimate
Median Unit
$980,000
Gross Yield (houses)
2.4%
1yr Growth
-
Investment snapshot for Redwood
Redwood has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Redwood market and investor summary
In Redwood, QLD 4350, houses show a gross rental yield of 2.4%. At 0.7% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.4% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.7% and a resident base that is not shrinking. Houses also take time to sell, around 98 days on market, so plan for a slower exit if you ever need one.
Living in Redwood: people, income and schools
Redwood is home to around 159 people, and the area has been growing steadily, up about 7% over five years. At a median age of 48, it reads as skewed a little older, and 97% 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 $147,000 a year (about $2,820 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
Families have 34 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. It is fairly car-dependent; the suburb scores 32 for walkability and 26 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 159
- +7% over 5yr
- Median age
- 48 years
- Median household income
- $147,000/yr
- Households renting
- 7%
- Family households
- 79%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 34
- avg ICSEA 1126
- Unemployment
- 4.2%
- Walk score
- 32/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Redwood
No properties currently listed in Redwood
Search Redwood listings →Frequently asked questions about Redwood
What should I check before investing in Redwood?
Redwood has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.7% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Redwood?
The median property price in Redwood, QLD 4350 is $980K for units.
What rental yield does Redwood show?
The gross rental yield in Redwood is 2.4% for houses and 2.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Redwood?
The current vacancy rate in Redwood is 0.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Redwood?
Redwood has a population of approximately 159 residents, with a median age of 48.
What schools are near Redwood?
There are 34 schools within roughly 5km of Redwood. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Redwood's population growing?
The population of Redwood has grown about 7% 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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