Suburb Profile Report for Redbank Plains QLD (4301)

Redbank Plains House: Median price $325,000, Annual capital growth 3.78%, Number of sales 399, Weekly median advertised rent $330

Redbank Plains Unit: Median price $238,000, Annual capital growth 4.03%, Number of sales 39, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Redbank Plains have tracked close to the QLD average of 2.11% over the last 12 months.

Redbank Plains,4301 was ranked 2454 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Redbank Plains is offering property investors an average of -7.29. This rate of discount on properties puts Suburb at number 558th in terms of most discounted suburbs in QLD

At number 841th in the list of Australian suburbs ordered by increase in median house value over the last year, Redbank Plains, 4301 is in the top half with a property value increase of 3.03% recorded in median house prices.

Across a shorter period, Redbank Plains, 4301 has seen a median price increase of -6.21% over the last 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 -7.71% is being offered, which puts this QLD suburb at 185th most discounted overall in Australia.

Often selling an investment property can take time, and in Redbank Plains the average time real estate has been on the market is 63.63 days.

Renters in Suburb are facing rents around $3480 per annum or $290 every week.

HOUSE UNIT
$325,000 $238,000
0.15% -6.21%
3.17% 3.03%
3.78% 4.03%
$330 $290
399 39
5.28% 6.34%
67.75 63.63

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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