Bayside Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2025, Bayside* recorded a median house price of $980,000 and a median unit price of $700,000. This is an annual (Q1 2024 – Q1 2025) price growth of 6.9% for houses and a softening of -5.3% for units. Comparing Q1 2024 and Q1 2025, total sales decreased by -29.6% for houses (to 190 sales in Q1 2025), and by -54.0% for units (to only 29 sales in Q1 2025). The undersupply of houses has created a buffer against higher interest rates, thus price growth. The slight softening in unit prices reflects the incoming stock available in the area, with less houses being available. This creates a limited opportunity for first home buyers waiting to enter the market.
CHANGE FROM LAST
YEAR
Redland City LGA plans to see approx. $779.5M of new projects commencing construction in 2025. Industrial
$1.5M Residential
$163.1M
HALF YEAR
Commercial
$175.1M
HOUSE SALE S Mixed-Use
HOUSE ME DIAN PRICE
$408.0M
Infrastructure
$31.9M
HOUSE RE NTAL PRICE A key mixed-use project planned in 2024 is the Capalaba Town Centre Revitalisation Project ($250.0M), which will deliver an innovative landmark development to support the area's revitalization, stimulate the economy and create more local employment.
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Key residential projects include:
$ MARKET CONDITIONS MEDIAN PRICE Q1 2025
$980K
$700K
MEDIAN PRICE Q1 2025
$720
SALES
AVERAGE DAYS ON MARKET Q1 2025
38
54
HOUSE
U N I T
RENTALS
$575
AVERAGE DAYS ON MARKET Q1 2025
15
16
HOUSE
U N I T
•
219-221 Bloomfield Street (52 Units).
•
218-220 Middle Street Apartments (46 Apartments)
•
169-193 Serpentine Creek Road & Kidd Street Subdivision (38 Lots)
At this stage, all planned projects for 2025 will deliver units/apartments, townhouses and lots only, without any stand-alone dwellings planned in the pipeline. Thus, the house market will likely remain undersupplied. This will push up median house prices further and stimulate a recovery in the unit market – as house buyers turn their preferences to units.
388 Units/ Apartments
38 Townhouses 403 Lots