Property Investment in Greenbank, QLD

Property Investment in Greenbank, QLD

Median House Price: $620,000
Median House Rental Value: $430 PW
Population: 7,694
Transportation: bus, car, bike, train
State: Queensland
Location: 41.5km south of Brisbane CBD
Size: 110.6 sqkm

Greenbank is a rural residential suburb located in the City of Logan in Queensland, Australia. First established by European settlers in the 1840s, the suburb was once a farming and timber cutting area. Today, Greenback is a suburb close to various nature reserves. It’s surrounded by farmlands, parks, and a watercourse with numerous species of plants and animals living in their natural habitat.

Real Estate Market

Greenbank has a total of 169 properties for sale and 14 properties for rent. Over the last 12 months, 91 properties have been sold in the area. The properties also spend an average time of 137.49 days on the market.

Population and Demographics

Based on a 2016 census, Greenbank had a population of 7694 people. The average age in Greenbank is 36 years; this is one year below the national median of 37.

Greenbank has 25.7% older couples and families, 23.1% established couples and families, and 14.9 maturing couples and families. Most people live in houses (95%), only a few have semi-detached homes (4.5%), and other dwellings, including apartments, consist of 0.3%.

The median household income for people living in Greenbank is $86,892. The most common occupation type is technician and trade workers (19.3%), administration workers (16.3%), and managers at (15.3%).

The most common cultural background of people living in Greenbank is English (42%), followed by Australian (39%) and Irish (10%). Languages other than English spoken in the suburb are Vietnamese, Mandarin, Hindi, and Afrikaans.

Lifestyle

Greenbank has plenty of employment hubs for residents in the area. Although the primary mode is private transport, regular bus services can be accessed from the neighbouring suburbs of Forestdale, Hillcrest, and Brown Plains.

Greenbank has 36 parks covering more than 4.7% of its total area. There are also shopping areas with all kinds of services available for consumers. Greenbank has amazing dining facilities and good restaurants. It’s also has sporting facilities, a library, and a community centre that hosts various local events.

Greenback has a primary school for boys and girls called the Greenbank State School. It doesn’t have any secondary schools, and the nearest is found in the neighbouring suburbs In Park Ridge and Springfield Central.

Why Live and Invest in Greenbank?

Greenbank has an excellent real estate market with 91 properties sold annually. Investing and buying a home here is a great option for new investors or first-time homebuyers.

The median household income for people living in Greenbank is $86,892.
Greenbank is a suburb close to plenty of nature reserves allowing plenty of opportunities to enjoy fun outdoor activities with nature.

Greenback has all kinds of amenities, from sporting facilities to community centres.

We’ll get you a property in Greenbank that fits your investment strategy, contact us today on (02) 8814 5275 or at here.