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Greenbank

POSTAL CODE: QLD, 4124
HOUSE

Property investments in GREENBANK fare well against the rest of the country last year, registering a median home price increase of 10.47%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains GREENBANK, 4124 saw average growth in the long term.

Real estate investors could earn a rental income of $700 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 46 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $955,000.

GREENBANK ranks 373rd on the list of best yielding suburbs for rental properties in QLD, posting a 3.81% return.

Surburb overview

Greenbank is a rural residential suburb located approximately 30 kilometres south of Brisbane's central business district. 

According to the 2021 census, Greenbank had 9,587 residents, up from 7,700 in 2016. The median age is 39, and households primarily comprise couples with children. 

Greenbank encompasses approximately 110.6 square kilometres and features a mix of rural residential properties and environmental conservation areas. The suburb includes the Greenbank Military Range, a forested area on the Commonwealth Heritage List. 

Residents primarily rely on personal vehicles for transportation, with 83.7% using cars to commute to work.  Limited public transport options, including bus services connecting to nearby suburbs, are available.

Greenbank offers local amenities such as the Greenbank Shopping Centre, providing essential services and retail options. For more extensive shopping and services, residents often travel to nearby centres in Springfield or Browns Plains.

The suburb features 33 parks, covering nearly 6% of its area, offering residents opportunities for outdoor activities and community gatherings. 

Greenbank's property market has experienced growth, with the median house price currently at $865,000. The area has seen an annual compound growth rate of 3.9% for houses. 

Greenbank offers a blend of rural living with access to essential services, making it an appealing suburb for families seeking a semi-rural lifestyle near Brisbane. 

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