Suburb Profile Report for Redbank QLD (4301)

Redbank House: Median price $320,000, Annual capital growth 1.83%, Number of sales 32, Weekly median advertised rent $340

Redbank Unit: Median price $335,400, Annual capital growth 28.49%, Number of sales 35, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Redbank have tracked close to the QLD average of 2.38% over the last 12 months.

Comparing Redbank,4301 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Redbank is offering property investors an average of -7.24. This rate of discount on properties puts Suburb at number 317th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Redbank the average time real estate has been on the market is 79 days.

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.

Advertised rents are around the $295 mark per week – giving a return of 4.57% based on the median price in Suburb

Metrics i HOUSE UNIT
$320,000 $335,400
0.79% 1.05%
3.90% N/A
1.83% 28.49%
$340 $295
32 35
5.53% 4.57%
79 N/A

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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