Bayside Property Market Update 1st Half 2026
Bayside provides coastal living, breathtaking views of Moreton Bay, in Queensland, and convenient access to beaches for leisure and water activities. With its welcoming community, local markets, and closeness to Brisbane, it offers a balance of serenity and convenience.
Property Trends
In Q1 2026, Bayside recorded a median house price of $1,225,000 and a median unit price of $895,500. This represents an annual (Q1 2025 – Q1 2026) growth of 22.5% for houses and 15.9% for units. Comparing Q1 2025 and Q1 2026, total sales decreased by -33.9% for houses (to 168 sales in Q1 2026), and by -13.0% for units (to 47 sales in Q1 2026). This indicates a clear undersupply for both property types, which helped to support price growth despite multiple cash rate hikes in early 2026. Now is an ideal time for owners to capitalize on their investments. With limited new houses in the pipeline for 2026 the undersupply will deepen. Buyers need to act fast.
Project Development
Redland City LGA plans to see approximately $748.6M of new projects commencing construction in 2026. Although there are plenty of projects in the 2026 pipeline, only 34 houses are included, far below the 1,177 houses sold in 2025. This indicates an ongoing undersupply and continued upward pressure on property prices.
Rental Market & Growth
House rental yield in Bayside was 3.4% as of March 2026, lower than the Redland City LGA (3.6%) but higher than Brisbane Metro (3.1%). This was paired with a 7.6% increase in median house rental price in the past 12 months, at $780 per week, and a 9.6% increase in the number of houses rented (to 149 houses in Q1 2026). The same pattern can be seen for unit rentals, suggesting a highly-demanded rental market in Bayside overall. This is beneficial to investors.
Vacancy Rates & Property Investment
Bayside recorded a vacancy rate of 0.6% in March 2026, below Redland City LGA (1.1%) and Brisbane Metro (0.8%). Vacancy rates have fluctuated but shown an overall stable trend over the past 12 months, reflecting a resilient rental market. Further, a 0.6% vacancy rate is well below the Real Estate Institute of Australia’s healthy benchmark of 3.0%, indicating quicker occupancy of rental properties in Bayside. This is a conducive environment for investors, even with a higher median house and unit sales (thus entry) price in the past 12 months to Q1 2026.
