Suburb Profile Report for Redbank QLD (4301)

Redbank House: Median price $317,500, Annual capital growth 1.44%, Number of sales 34, Weekly median advertised rent $340

Redbank Unit: Median price $335,400, Annual capital growth N/A, Number of sales 39, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Redbank is an average performer in QLD when comparing median price capital growth over the last year. Redbank gave property investors a average capital gain figure when compared to the rest of the state, with 2.25%.

Vendor discounting in Redbank is giving property investors an average Vendor Discount of around -6.80%. This puts suburb at number 374th in QLD when ranking the most discounted suburbs.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 5.57%, without taking into account capital value appreciation, which has been averaging out at 1.44%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Redbank has increased when compared to the 5 year average annual rate.

On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.

Advertised rents are around the $300 mark per week – giving a return of 4.65% based on the median price in Suburb

Metrics i HOUSE UNIT
$317,500 $335,400
N/A 0.04%
2.25% N/A
1.44% N/A
$340 $300
34 39
5.57% 4.65%
71.25 N/A

Source: CoreLogic

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