Suburb Profile Report for Redbank Plains QLD (4301)

Redbank Plains House: Median price $325,000, Annual capital growth 0.56%, Number of sales 254, Weekly median advertised rent $350

Redbank Plains Unit: Median price $319,900, Annual capital growth 2.44%, Number of sales 21, Weekly median advertised rent $290

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Redbank Plains, 4301 ranked 614th in QLD when comparing growth in median property values or capital gain over the last 12 months. Redbank Plains is one of 2415 in our list for QLD

The five-year average increase in median property values for Redbank Plains,4301 has given property investors a potential capital gain of 8.33% across each of those five years.

At number 338th of QLD’s most discounted properties, Redbank Plains is in the middle of the state/territory when listing in order of most discounted to least.

Redbank Plains, 4301’s gross rental yield is 5.60%

At number 510th in the list of Australian suburbs ordered by increase in median house value over the last year, Redbank Plains, 4301 is in the top 40% with a property value increase of 1.56% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Redbank Plains comes in at number 46th in QLD.

On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.

Property investors should expect to get $290 weekly from the median priced house in this suburb.

Information supplied by:


April 2019

M
O

W
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House values stay low

Postcode: 4301

Median house price: $330,000

Three-year growth: 4.4%

Rental yield: 5.5%

A large, leafy suburb, Redbank Plains has been touted as a great suburb to raise families in due to its size, greenery and quiet vibe.

The house market is priced low at a median of less than $350,000, following a slight decline of 2.4% in the 12 months to February 2019. The average rental yield is high as well at 5.5% off a weekly average rent rate of $350.

Houses come on large blocks of land, and the area is very child-friendly, with a strong community-oriented spirit. There are several local parks for families to enjoy, and there is a Woolworth’s just a few minutes’ drive away. St Augustine’s College has been established here, along with shops and fast food joins. Springfield Central and its new water park are also not too far away.

Metrics i HOUSE UNIT
$325,000 $319,900
-1.52% 1.56%
-2.99% 1.56%
0.56% 2.44%
$350 $290
254 21
5.60% 4.71%
82.3348623853211 115

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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