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