July 2026 Redlands Property Update: Suburb-by-Suburb Breakdown

The Redlands property market continues to deliver strong results across many of our mainland suburbs, with house prices recording significant annual growth, solid weekly rents, and continued demand across a range of property types. 

From the bayside lifestyle markets of Cleveland, Ormiston, and Wellington Point to the growing southern suburbs of Victoria Point, Redland Bay, and Mount Cotton, the July 2026 data highlights just how diverse the Redlands property market has become. 

Some suburbs are recording exceptional annual growth, while others are standing out for rental returns and investment potential. 

Here’s a suburb-by-suburb look at the Redlands property market for July 2026. 

Redland Bay Market Update – July 2026

Redland Bay had 47 properties available for rent and 140 properties for sale. 

The median house price over the past year was $1,192,500, while the median unit price was $880,000. 

For investors, houses achieved a median rent of $770 per week, representing an annual rental yield of approximately 3.5%. 

Units rented for around $680 per week, with a yield of 3.7%. 

Redland Bay recorded particularly strong annual compound growth of 21.6% for houses and 10.0% for units. 

Victoria Point Market Update – July 2026

Victoria Point had 33 properties available for rent and 113 properties for sale. 

The median house price was $1,137,500, while the median unit price was $805,000. 

Median house rents were approximately $770 per week, delivering a 3.5% rental yield. 

Units achieved around $650 per week, with a yield of 3.8%. 

Annual compound growth reached 12.5% for houses and 16.2% for units. 

Mount Cotton Market Update – July 2026

Mount Cotton had 10 properties available for rent and 27 properties for sale. 

The median house price over the past year was $1,226,000, while the reported median unit price was $1,000,000. 

Houses achieved approximately $750 per week in rent, with a rental yield of 3.6%. 

Mount Cotton recorded particularly strong annual compound house price growth of 21.1%. 

Thornlands Market Update – July 2026

Thornlands had 48 properties available for rent and 74 properties for sale. 

The median house price reached $1,240,000, compared with $818,000 for units. 

Median house rents were approximately $780 per week, delivering a rental yield of 3.4%. 

Units achieved around $650 per week with a 3.8% yield. 

Annual compound growth was an impressive 15.6% for houses and 16.9% for units. 

Cleveland Market Update – July 2026

Cleveland recorded 52 properties available for rent and 114 properties for sale. 

The median house price was $1,300,000, while the median unit price was $872,500. 

Median house rents were approximately $800 per week, delivering a 3.3% rental yield. 

Units achieved around $650 per week, with a 3.8% yield. 

Annual compound growth reached 6.3% for houses and 11.9% for units. 

Ormiston Market Update – July 2026

Ormiston had 15 properties available for rent and 42 properties for sale. 

The median house price over the past year was $1,410,000, while the median unit price was $815,000. 

For investors, houses achieved a median rent of approximately $825 per week, representing an annual rental yield of 3.2%. 

Units rented for around $720 per week, with a rental yield of 3.8%. 

Ormiston recorded annual compound growth of 10.2% for houses, while units experienced a slight decline of 0.9%. 

With a median house price of $1.41 million, Ormiston sits among the higher-value residential markets covered in this Redlands update. 

Wellington Point Market Update – July 2026

Wellington Point had 31 properties available for rent and 55 properties for sale. 

The median house price reached $1,400,000, while units recorded a median price of $888,000. 

Median house rents were approximately $835 per week, delivering a 3.3% rental yield. 

Units achieved around $690 per week with a 3.9% yield. 

Annual compound growth was 11.8% for houses and 18.6% for units. 

Birkdale Market Update – July 2026

Birkdale recorded 31 properties available for rent and 76 properties for sale. 

The median house price was $1,309,144, compared with $830,000 for units. 

Houses rented for around $780 per week, representing a rental yield of 3.5%. 

Units achieved approximately $650 per week, with a yield of 3.9%. 

Annual compound growth reached 9.1% for houses and 15.0% for units. 

Thorneside Market Update – July 2026

Thorneside remains one of the smaller and more tightly held markets covered in this update, with just 7 properties available for rent and 14 properties for sale. 

The median house price was $1,305,000, while units recorded a median of $777,500. 

Houses achieved approximately $750 per week in rent, representing a 3.2% rental yield. 

Units rented for around $575 per week, producing a comparatively strong 4.1% rental yield. 

Annual compound growth was 6.5% for houses and 15.2% for units. 

Alexandra Hills Market Update – July 2026

Alexandra Hills had 29 properties available for rent and 56 properties for sale. 

The median house price was $1,050,000, while the median unit price was $720,000. 

Houses achieved around $700 per week in rent, with a 3.8% rental yield. 

Units rented for approximately $580 per week, also delivering a yield of around 3.8%. 

Annual compound growth was 16.7% for houses, while units recorded a decline of 6.5%. 

Capalaba Market Update – July 2026

Capalaba recorded 43 properties available for rent and 98 properties for sale. 

The median house price was $1,120,000, while units recorded a median of $765,000. 

Houses rented for around $745 per week, representing a 3.7% rental yield. 

Units achieved approximately $600 per week and a 3.9% yield. 

Capalaba recorded particularly strong annual compound growth of 17.9% for houses and 21.4% for units. 

Sheldon Market Update – July 2026

With its larger acreage properties and tightly held market, Sheldon operates differently from many of the more traditional suburban markets across the Redlands. 

Last month, Sheldon had just 1 property available for rent and 3 properties for sale. 

The median house sale price over the past year was $1,800,000, making Sheldon the highest-priced house market among the suburbs covered in this update. 

Median house rents were approximately $1,150 per week, with a rental yield of 2.4%. 

Annual compound house price growth was 6.5%. 

The July 2026 figures show a Redlands property market continuing to perform strongly, although results vary significantly between suburbs and property types.

House growth was led by Redland Bay at 21.6% and Mount Cotton at 21.1%, while Capalaba topped unit growth at 21.4%. Units generally delivered stronger rental yields, with Thorneside recording the highest at 4.1%.

House values also continue to climb, with every suburb included in the July update recording a median house price above $1 million.

The key takeaway is that there is no single “Redlands property market”. Each suburb is influenced by its own mix of buyer demand, available stock, property types, rental appeal, lifestyle and price point.

Market figures are based on the supplied July 2026 property market data and should be used as a general guide only. Median prices, rental returns, yields, property availability and growth rates can change over time. Prospective buyers and investors should undertake their own research and seek appropriate professional advice.