Redbank Plains

POSTAL CODE: QLD, 4301
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Property investors enjoyed capital gains of 15.99% over the last 12 months in REDBANK PLAINS, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 9.68% growth over a ten-year period. It ranks 132nd on our list of suburbs that property investors should look into.

REDBANK PLAINS, 4301 has a capital gain of 15.99% for the past year, which is lower than average compared to its 136.88% growth within a five-year period.

With the median home price in REDBANK PLAINS sitting at $758,000, and the average rent at $580, property owners could potentially earn a 3.98% increase in gross rental yield.

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

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

Surburb overview

Located within the city of Ipswich, Redbank Plains is home to approximately 20,000 residents who call the suburb home.

Located just a short drive from the Ipswich CBD and within commuting distance of Brisbane (less than an hour’s drive), Redbank Plains provides its dwellers with urban convenience while being surrounded by greenery.

Redbank Plains is also less than a 90-kilometre drive (an hour and 30 minutes) from Queensland’s famous Surfer’s Paradise, offering a number of coveted lifestyle opportunities for local residents.

A handful of schools are situated in Redbank Plains, including Redbank Plains State High School, Staines Memorial College, Fernbrooke State School, and St Ann’s Catholic Primary School.

The suburb is also home to the Redbank Plains Library and a main shopping centre known as Town Square Redbank Plains.

While not directly serviced by its own namesake train station, commuters can access services from Redbank Station, Goodna Station, and Springfield Station.

This could change in the future, given a 2019 report by the Queensland Department of Transport and Main Roads, which conducted a study regarding the expansion of the rail network servicing Ipswich and recommended a station be built within Redbank Plains, on School Road.

The property market in Redbank Plains comprises a mix of established homes and new developments, dotted with acreages and plenty of land still up for grabs. Investors can expect steady growth and strong rental demand as the suburb’s appeal to families and young professionals continues to grow.

Ongoing infrastructure improvements in the Ipswich area in the lead-up to the 2032 Olympics will further enhance Redbank Plains’ long-term growth prospects.

For Redbank Plains in particular, this comprises several major road upgrade projects (namely on Redbank Plains Road).

Ipswich City Council also acknowledges building prosperity as a key priority moving forward, and therefore it has created its own Office of Economic Development (OED) to drive this by providing local business support and investment, developing industry, providing investment and project attraction, and advocating for major projects.

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