Suburb Profile Report for Redbank Plains QLD (4301)

Redbank Plains House: Median price $330,000, Annual capital growth 3.09%, Number of sales 395, Weekly median advertised rent $340

Redbank Plains Unit: Median price $305,000, Annual capital growth 4.04%, Number of sales 71, Weekly median advertised rent $290

  • 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%.

A 17.86% growth in median value for property investors in Redbank Plains,4301 puts this suburb at number 460th in terms of best performing suburbs in QLD

Property buyers and investors in Redbank Plains 4301 should be seeing an average reduction in asking price of around -4.91% . This means that Redbank Plains is holding prices well when compared to other suburbs in QLD.

Renters in Suburb are facing rents around $4080 per annum or $340 every week.

Giving property investors a an average capital gain of 1.67% for the last year, Redbank Plains, 4301 is the 1005th highest performer in Australia in this respect.

A 10.55% growth in median value for property investors in Redbank Plains,4301 puts this suburb at number 94th in terms of best performing suburbs in QLD

Our latest figures would indicate that property sellers in Redbank Plains are currently offering property investors an average price cut of -6.39% below the asking price at the moment.

On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.

Redbank Plains, 4301’s gross rental yield is 4.94%

Metrics i HOUSE UNIT
$330,000 $305,000
0.00% 1.67%
2.80% 1.67%
3.09% 4.04%
$340 $290
395 71
5.36% 4.94%
68.4 73.54

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
Find a mortgage broker in Redbank Plains QLD
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
Chart Table
Recent sales & rentals