Suburb Profile Report for Redbank Plains QLD (4301)

Redbank Plains House: Median price $335,000, Annual capital growth 2.30%, Number of sales 402, Weekly median advertised rent $340

Redbank Plains Unit: Median price $315,000, Annual capital growth 4.19%, Number of sales 85, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Redbank Plains has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.08% to date .

While Redbank Plains,4301 ranked number 372th in QLD for increase in median house value (annualised) increase, it is ranked 353th over the last 5 years.

Vendor discounting in Redbank Plains is giving property investors an average Vendor Discount of around -2.98%. This puts suburb at number 24th 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 5.28%, without taking into account capital value appreciation, which has been averaging out at 2.30%.

With a capital gain of 5.00% for the last 12 months, Redbank Plains, 4301 has performed for property investments than its average annual 4.19% property growth over the last 5 years.

Across a shorter period, Redbank Plains, 4301 has seen a median price increase of 0.00% over the last quarter.

Metrics i HOUSE UNIT
$335,000 $315,000
0.90% 0.00%
3.08% 5.00%
2.30% 4.19%
$340 $290
402 85
5.28% 4.79%
16.29 N/A

Source: CoreLogic

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