Suburb Profile Report for Redbank QLD (4301)

Redbank House: Median price $317,500, Annual capital growth 3.76%, Number of sales 30, Weekly median advertised rent $335

Redbank Unit: Median price $190,500, Annual capital growth N/A, Number of sales 18, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Redbank, 4301 ranked 274th in QLD when comparing growth in median property values or capital gain over the last 12 months. Redbank is one of 2415 in our list for QLD

While Redbank,4301 ranked number 213th in QLD for increase in median house value (annualised) increase, it is ranked 487th over the last 5 years.

Redbank4301 is located in QLD which offers an average discount of -7.32% to property investors. Redbank itself is showing figures that indicate -7.10% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $335 and the average annual increase in value of a median property of 3.76%, investors should hope to achieve an overall return of 5.49%

The most recent median price for Redbank is $190500, with sellers offering an average of -7.06% off the asking price.

Advertised rents are around the $290 mark per week – giving a return of 7.92% based on the median price in Suburb

HOUSE UNIT
$317,500 $190,500
2.25% 2.70%
5.83% N/A
3.76% N/A
$335 $290
30 18
5.49% 7.92%
93.4 97.31

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 1605
Median household income ($/weekly) 803
Median age of persons 35
Median housing loan repayment ($/monthly) 1300
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 250 15.6
    25-34 years 215 13.4
    35-44 years 192 12.0
    45-54 years 185 11.5
    55-64 years 145 9.0
    Others 618 38.5
    Age Group
    Census Count Percent(%)
    Not Married 576 51.3
    Registered Married 413 36.8
    Defacto Relationship 134 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 981 63.9
    New Zealand 29 1.9
    Papua New Guinea 153 10.0
    United Kingdom 118 7.7
    Other 134 8.7
    Others 121 7.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 30 2.1
    Christianity 1045 72.2
    Hinduism 16 1.1
    Other Religious Groups 13 0.9
    No Religion 336 23.2
    Others 8 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 58 10.9
    $400-$599 99 18.6
    $600-$799 80 15.1
    $800-$999 61 11.5
    $1,000-$1,249 61 11.5
    Others 172 32.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 518 44.4
    Employed, worked full-time 364 31.2
    Employed, worked part-time 141 12.1
    Unemployed, looking for work 95 8.1
    Employed, away from work 49 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 51 9.3
    Technicians & trades workers 76 13.8
    Clerical & administrative workers 85 15.5
    Machinery operators & drivers 92 16.8
    Labourers 117 21.3
    Others 128 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 23 6.2
    Infants/Primary 170 46.1
    Secondary 98 26.6
    Technical or Further Educational Institution 33 8.9
    University or other Tertiary Institutions 31 8.4
    Others 14 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1183 77.1
    Flat, unit or apartment 198 12.9
    Semi-detached, row or terrace house, townhouse 151 9.8
    House or flat attached to a shop, office 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 258 45.6
    Fully owned 205 36.2
    Being purchased 103 18.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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