QLD has seen average median house prices change by 12.16% which means that Redbank Plains, 4301 has done well for property investors by showing a capital gain of 6.42% over the last year
Redbank Plains,4301 has offered an average of 6.42% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Redbank Plains 4301 should be seeing an average reduction in asking price of around -5.12% . This means that Redbank Plains is holding prices well when compared to other suburbs in QLD.
At number 2677 in a list of fastest selling suburbs, Redbank Plains is in the bottom 40% of suburbs in Australia with an average of days on market 68.8571 for properties listed there.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
QLD has seen average median house prices change by 8.71% which means that Redbank Plains, 4301 has done well for property investors by showing a capital gain of -12.14% over the last year
If we look at median property appreciation over just the last three months, Redbank Plains has given property investors a paper return of -13.33%. This puts Suburb as 379 on a list of fastest fasting appreciating suburbs in QLD
Residents and property investors in Redbank Plains have been waiting around 83.5238 days to sell a property.
Redbank Plains, 4301’s gross rental yield is 5.60%
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.