The City of Redcliffe is home to over 55,000 people. Ideally located only 35 minutes drive north of Brisbane, and covering just 37 square kilometres , the Redcliffe peninsular stands alone with 22 kilometres of pristine coastline, and is also surrounded by red rock-strewn cliffs, that give the city its name. The seven suburbs that comprise the peninsular, enjoy stunning views of Moreton Bramble and Deception Bays, as well as Hays Inlet and the Glasshouse Mountains.
Redcliffe's identity and tourism opportunities are closely linked to the sea, abounding with a wide array of water based activities including whale watching, jet ski-ing, parasailing, fishing, kite-flying and other sports events. According to the latest Qld Government quarterly survey, the unit vacancy rate across the Redcliffe area is at present, an remarkable 2.6 %. It also showed that 41 % of surveyed real estate agencies concured that demand for permanent rental accommodation across the Redcliffe area increased over the past 12 months. Astute investors have long seen the wisdom in purchasing in the area, as 40 % of the population choose to rent their homes. These figures, as does a vacancy rate under 3 %, indicate that the market is notably wanting for rental stock.
House prices in the area have consistently shown gains well in excess of inflation with our premier areas including beachfront and canal front properties showing dramatic price increases in the last few years. There is evidence to believe that Redcliffe City is undervalued given its locational attributes, and with rapidly improving transport links and significant price differentials when compared to Brisbane City. Major infrastructure projects taking place in the Redcliffe region such as the Houghton Highway Duplication, and upgrades of the Bruce and Gateway Motorways, will improve Redcliffe's connectivity to other major centres including Brisbane City, Brisbane Airport and the Sunshine and Gold coasts.
Many large developers are now building luxury apartments along our waterfront which in turn is attracting people with a large disposable income to live in the city. This is having a positive effect on our business operators with leasing figures and rentals on both commercial and industrial properties rising steadily. Research has shown that such commercial changes can translate into:
a faster rate of sale; greater "rentability" and therefore higher rental demand; increased property values; a wider target market and a greater development yield