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Redbank Plains
AREA REPORTS

Redbank Plains

Redbank Plains - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4301

house
unit

Property investors enjoyed capital gains of 9.38% 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 1.81% growth over a ten-year period. It ranks 3851st on our list of suburbs that property investors should look into.

REDBANK PLAINS, 4301 has a capital gain of 9.38% for the past year, which is higher than average compared to its 7.69% growth within a five-year period.

With the median home price in REDBANK PLAINS sitting at $350,000, and the average rent at $360, property owners could potentially earn a 5.35% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in REDBANK PLAINS are high, 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 (C).

Surburb overview

Redbank Plains’ overdue construction projects have just commenced this year, and real estate professionals would agree the long wait is worth it. Growth signals point to a bullish phase; in the last quarter, the median quarterly price for homes grew, albeit marginally, by 0.54 per cent.

This may not be enough to get investors to smile from ear to ear just yet, but the rest of the available real estate data could keep property buyers optimistic on investing in Redbank, Queensland. The median price of houses for sale in Redbank in the past three and five years have climbed steadily, and the same is true for the 10-year annual average and rental yield.

Affordable alternative

Located 30 kilometres from the Brisbane central business district, Redbank Plains falls under the local government area of the City of Ipswich. It benefited from the expansion of the nearby suburbs of Springfield and the Ripley Valley, where priced out buyers and renters eventually sought a new neighbourhood where they can get value for their money.

According to recent media reports, new construction to watch for include the installment of a $20 million retail hub and a 143-lot housing estate. The new developments are in anticipation of Redbank Plains’ growing population.

Data report can be found below

Redbank Plains
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $350,000 $302,750
GROWTH REPORT
Median Quarterly 6.06% -5.39%
Median 12 month 9.38% 30.5%
Median 3 years 4.48% -3.89%
Median 5 years 7.69% 7.74%
10 years average annual 1.81% 1.51%
Weekly media advert. rent $360 $305
Time on Market 64.4 days 78.5 days
Gross Rental Yield Percent 5.35% 5.24%
demographics (median values)*
Total Population
8309
Weekly Household Income
1051
Household Size
2.90
Age
30
Monthly Loan Repayment
1000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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