At number 2734th in the list of Australian suburbs ordered by increase in median house value over the last year, Redbank Plains, 4301 is in the BOTTOM 40% with a property value increase of 2.46% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Redbank Plains,4301 has racked up an average of 2.46% over the period. This ranks it number 2607th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -4.84% to buyers in Redbank Plains at the moment, which is less than average for the rest of QLD.
Redbank Plains has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -5.32% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Redbank Plains comes in at number 31th in QLD.
Property buyers and investors in Redbank Plains 4301 should be seeing an average reduction in asking price of around -6.71% . This means that Redbank Plains is holding prices well when compared to other suburbs in QLD.
On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.29%, without taking into account capital value appreciation, which has been averaging out at 3.26%.