Suburb Profile Report for Redbank Plains QLD (4301)

Redbank Plains House: Median price $330,000, Annual capital growth 3.27%, Number of sales 378, Weekly median advertised rent $340

Redbank Plains Unit: Median price $302,500, Annual capital growth 3.82%, Number of sales 68, Weekly median advertised rent $295

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$330,000 $302,500
0.92% 0.83%
2.80% 10.00%
3.27% 3.82%
$340 $295
378 68
5.36% 5.07%
66.78 80.82

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 14976
Median household income ($/weekly) 1247
Median age of persons 26
Median housing loan repayment ($/monthly) 1690
Average household size 3.1
  • Census Count Percent(%)
    0-4 years 1734 11.6
    5-14 years 2483 16.6
    25-34 years 2718 18.1
    35-44 years 1984 13.2
    45-54 years 1642 11.0
    Others 4416 29.5
    Age Group
    Census Count Percent(%)
    Not Married 4296 43.1
    Registered Married 3983 40.0
    Defacto Relationship 1688 16.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 10022 70.9
    Papua New Guinea 1520 10.8
    United Kingdom 547 3.9
    Viet Nam 141 1.0
    Other 1061 7.5
    Others 837 5.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 303 2.3
    Christianity 9005 67.3
    Hinduism 123 0.9
    Islam 101 0.8
    No Religion 3791 28.3
    Others 66 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 443 10.8
    $1,000-$1,249 546 13.3
    $1,250-$1,499 460 11.2
    $1,500-$1,999 700 17.0
    $2,000-$2,499 484 11.8
    Others 1479 36.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4399 43.4
    Not in the labour force 2918 28.8
    Employed, worked part-time 1678 16.6
    Unemployed, looking for work 691 6.8
    Employed, away from work 448 4.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 1053 16.1
    Community & personal service workers 659 10.1
    Clerical & administrative workers 950 14.6
    Machinery operators & drivers 952 14.6
    Labourers 1124 17.2
    Others 1786 27.4
    Occupation
    Census Count Percent(%)
    Pre-school 238 6.7
    Infants/Primary 1567 44.0
    Secondary 957 26.9
    Technical or Further Educational Institution 347 9.7
    University or other Tertiary Institutions 363 10.2
    Others 90 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13404 94.2
    Flat, unit or apartment 510 3.6
    Semi-detached, row or terrace house, townhouse 318 2.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2311 51.0
    Being purchased 1605 35.4
    Fully owned 597 13.2
    Other tenure type 20 0.4
    Tenure Type
Census 2011, ABS
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