Bayside Property Market Update 1st Half 2025
Bayside offers serene coastal living, with stunning views of Moreton Bay in Queensland and easy access to beaches for relaxation and water activities. Its community vibe, local markets, and proximity to Brisbane make it a perfect blend of tranquility.
Property Trends
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) median 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 created a buffer against higher interest rates, thus stimulating price growth. The slight softening in unit prices reflects the incoming stock available in the area, with more units on the horizon than houses. A more affordable unit market creates a limited opportunity for first home buyers.
Project Development
Redland City LGA plans to see approximately $779.5M of new projects commencing construction in 2025. All planned residential and mixed-use projects will deliver units/apartments, townhouses, and lots only, without any stand-alone dwellings 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 to units for stock availability.
Rental Market & Growth
House rental yield in Bayside was 4.0% as of March 2025, higher than the Redland City LGA (3.6%) and Brisbane Metro (3.2%). This was paired with a 4.3% increase in median house rental price in the past 12 months, at $720 per week, along with a -19.1% decrease in the number of houses rented (to 123 houses in Q1 2025). Average days on market has declined by -25.0%, to a historical low level of 15 days in Q1 2025. There is an undersupplied house rental market in Bayside, which is beneficial to investors.
Vacancy Rates & Property Investment
Bayside recorded a vacancy rate of 1.0% in September 2024, slightly below Redland City LGA (1.2%) and Brisbane Metro (1.1%). Vacancy rates have shown an increasing trend in the past 12 months, due to investors re-entering the market. However, a 1.0% vacancy rate is well below the Real Estate Institute of Australia’s benchmark of 3.0%. This suggests quicker occupancy of rental properties, creating a strong environment for investors in Bayside, even with a higher entry price.
