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Redbank

POSTAL CODE: QLD, 4301
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Based on its average 5-year and quarterly capital gains REDBANK, 4301 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that REDBANK, 4301 obtained a 9.39% growth over a ten-year period. It ranks 132nd on our list of suburbs that property investors should look into.

REDBANK, 4301 in QLD belongs to the local government area of Ipswich.

REDBANK, 4301 has a capital gain of 12.13% for the past year, which is lower than average compared to its 110% growth within a five-year period.

With the median home price in REDBANK sitting at $735,000, and the average rent at $560, property owners could potentially earn a 3.96% increase in gross rental yield.

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

Surburb overview

Redbank is a suburb located within the City of Ipswich, Queensland, approximately 28 kilometres southwest of Brisbane CBD and 11.8 kilometres east of Ipswich CBD. The suburb is bounded by the Brisbane River to the north and Six Mile Creek to the west, with the Ipswich Motorway and Main Line railway providing major transport corridors through the area.

As of the 2021 Census, Redbank had a population of 2,931 residents. The suburb has experienced population growth, with a 15.1% increase between 2011 and 2016.  The predominant age group is 10–19 years, and households are primarily couples with children. In 2016, 49.6% of homes were owner-occupied.

The median house price in Redbank is approximately $685,000, while units have a median price of $495,000, reflecting a 45.59% annual capital growth rate.  Units have seen significant price increases, with a 32.5% rise in unit values over the past year.

Redbank railway station, located on the Main Line, provides regular Queensland Rail City network services to Brisbane, Ipswich, and Rosewood. The station is situated approximately 26.84 kilometres from Brisbane Central and offers parking facilities. Westside Bus Company operates several bus routes via Redbank Station as well.

Redbank State School, located at 9 Brisbane Road, caters to primary education (Prep to Year 6). As of 2018, the school had an enrollment of 184 students.  There are no secondary schools within Redbank; the nearest government secondary school is Bellbird Park State Secondary College in the neighbouring suburb of Bellbird Park.

Redbank Plaza, located at 1 Collingwood Drive, is a significant shopping centre featuring supermarkets, department stores, a cinema complex, and various specialty stores. The Ipswich City Council operates a public library within the plaza.

Recreational facilities include the Redbank-Collingwood Park Sports Complex, which offers soccer fields, netball courts, volleyball courts, tennis courts, and basketball courts. Parks in the area encompass Broadleaf Parade Park, Desborough Park, Goupong Park, and the Pan Pacific Peace Gardens.

Redbank hosts the Redbank Railway Workshops, a significant industrial facility for the repair and maintenance of locomotives and rolling stock for Aurizon. Established in 1958, the workshops continue to operate, contributing to local employment opportunities.

Redbank offers a blend of residential living with access to essential services, transport links, and recreational amenities. The suburb's affordability and proximity to major employment centres make it an attractive option for families and individuals seeking a suburban lifestyle within reach of Brisbane and Ipswich.

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