Over the last year, property investments in Redbank Plains, 4301 have given investors a capital gain of -3.88%. This compares badly with the 1.17% for QLD as a whole.
If we look at median property appreciation over just the last three months, Redbank Plains has given property investors a paper return of -0.54%. This puts Suburb as 611 on a list of fastest fasting appreciating suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Redbank Plains is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 238th in terms of most discounted suburbs in QLD
With the median price for a house in Redbank Plains being $322000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 5.65%
Giving property investors a a stable capital gain of 5.71% for the last year, Redbank Plains, 4301 is the 427th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Redbank Plains,4301 has racked up an average of 5.71% over the period. This ranks it number 59th in the whole country for real estate investors looking at median house price increases.
Property investors should expect to get $300 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.