Redridge QLD 4660

Here you can find what you need to know about Redridge, QLD, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$393k Median Sale Price (National Average $485k) 998th In QLD
12.14% Median Price Change (1 yr) (National Average 4.30%) 424th In QLD
$285pw Median Rent (National Average $395) 1249th In QLD
3.8% Median Gross Yield (National Average 4.24%) 1166th In QLD
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Properties sold 12
Average discounting -8.05%
Average Days on Market 178
Stock on Market 11 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Redridge, QLD National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Redridge, QLD National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Redridge, QLD National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Redridge


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State Auction Clearance Rates - January 2019

Auctions Clearance rate
QLD 13 0%
NSW 7 0%
SA 2 0%
TAS 1 0%
VIC 4 0%

Local Schools


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Suburb Information

Redridge, QLD 4660

Part of: Bundaberg Regional Council No data available

The size of Redridge is approximately 69.6 square kilometres. It has 5 parks covering nearly 0.7% of total area. The population of Redridge in 2011 was 615 people. By 2016 the population was 633 showing a population growth of 2.9% in the area during that time. The predominant age group in Redridge is 60-69 years. Households in Redridge are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Redridge work in a machinery operators and drivers occupation. In 2011, 88.7% of the homes in Redridge were owner-occupied compared with 85.1% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Redridge

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Redridge   for Houses in last 12 months


There have been 10 Houses sold in Redridge in the past 12 months with a median sale price of $393K, up 11.35% annually. It takes on average 117 days to sell with vendor discounting of -4.72%.

Streets in Redridge


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