Suburb Profile Report for Redbank Plains QLD (4301)

Redbank Plains House: Median price $322,500, Annual capital growth 3.94%, Number of sales 377, Weekly median advertised rent $330

Redbank Plains Unit: Median price $253,750, Annual capital growth 4.96%, Number of sales 36, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Redbank Plains is an average performer in QLD when comparing median price capital growth over the last year. Redbank Plains gave property investors a average capital gain figure when compared to the rest of the state, with 2.36%.

Redbank Plains,4301 was ranked 2628 in Australia by increase in median property value over the quarter.

Vendor discounting in Redbank Plains is giving property investors an average Vendor Discount of around -5.69%. This puts suburb at number 524th in QLD when ranking the most discounted suburbs.

On average over the past year, suburb has had 31.42 sales per month, which equates to 377 per year.

Property investors should expect to get $330 weekly from the median priced house in this suburb.

Redbank Plains is in the TOP 20% in QLD when comparing median price capital growth over the last year. Redbank Plains gave property investors a very good capital gain figure when compared to the rest of the state, with 9.85%.

If we look at median property appreciation over just the last three months, Redbank Plains has given property investors a paper return of -3.79%. This puts Suburb as 309 on a list of fastest fasting appreciating suburbs in QLD

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.97% offered to property buyers. Sellers in Redbank Plains itself are offering an average vendor discount of -6.68% to real estate investors.

Residents and property investors in Redbank Plains have been waiting around 62.56 days to sell a property.

Advertised rents are around the $290 mark per week – giving a return of 5.94% based on the median price in Suburb

HOUSE UNIT
$322,500 $253,750
-0.08% -3.79%
2.36% 9.85%
3.94% 4.96%
$330 $290
377 36
5.32% 5.94%
68.57 62.56

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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