If you compare the increase in value of investment property in Redbank Plains, 4301 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.80%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Redbank Plains has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -5.14% to buyers in Redbank Plains at the moment, which is less than average for the rest of QLD.
With the median price for a house in Redbank Plains being $330000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 5.36%
Over the last year, property investments in Redbank Plains, 4301 have given investors a capital gain of 10.00%. This compares very favourably with the 0.66% for QLD as a whole.
Redbank Plains,4301 was ranked 876 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Redbank Plains, 4301. Typically our figures indicate that -6.33% is being offered, which puts this QLD suburb at 388th most discounted overall in Australia.