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:
House values stay low
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.