Tips to Sell Your Property in Autumn

Traditionally, the so-called best time to put your property on the market is during the spring, from September to November. However, you can’t always base the best time to sell on seasons or time of year. Autumn can also be a great time to sell your home or investment property because:

There is less competition in the market, so your property has an advantage.
There are more chances to get the best sale price for your property because fewer properties in the market drive buyer competition.

With the Christmas and holiday frenzy finished, the return to a normal pace of life can signal buyers to make big life decisions- including buying a property.

Weather and temperature is relatively cooler and more stable in autumn, making it more comfortable for buyers when viewing houses.

Here are some tips you can keep in mind if you decide to sell your property in autumn:

Clear and check gutters and drainage
Gutters filled with leaves and other debris can show that the house is not being maintained well. It’s a good idea to clear them before any viewing and to have the drainage checked, so it doesn’t pose any issues or problems in the future.

Create a good first impression with autumn curb appeal
Your home isn’t the only thing you’re selling; the land it’s on is part of it. You can bump your curb appeal by:

Clean the path at the front of the property with a high-pressure hose
Repair any damages on your fence and give it a new coat of paint
Keep your windows squeaky clean and check for any damages that need to be repaired

Window boxes can be added to brighten the exterior of your home or property with flowering autumn plants.

Summer can dry out your lawn and make it worse for wear. Water your lawn, rake any dead leaves, trim bushes, and replace dying plants with new, flowering ones that will thrive in the autumn weather.

Set the mood with good lighting
Autumn is the season with shorter days, so you will rely on your property’s lighting to showcase its features. Good inside lights that are warm and mellow instead of bright and stark create a warm, cozy, and inviting ambience.

During inspections, let in what natural light you can and keep your house feeling open by opening blinds, curtains, and shutters.

If viewings are held during twilight or after dark, it’s best to turn on all the lights inside the house.

Check heating systems
The weather is getting cooler, so it’s advisable to check your HVAC systems. That includes your furnace filter and your fireplace if your property has one.

Ensuring that everything functions properly will prevent any surprises that may pop up if you decide to test the HVAC right before viewing or inspection.

Bring the autumn season inside.
Accessorise furniture and decorations with autumn colours and themes. Red, yellow, and some gold pops of colour can capture the attention of potential buyers and make your space feel warmer and homier.

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Last year, the property market had values increasing in around 98% of locations all over Australia. Many rose by over 20%. This is somewhat unusual.

This 2022, we’ll be experiencing more “normal” property values- they will be very segmented. This means that some property values will continue to increase enormously, others will increase moderately, some locations will have affordability issues, and a few areas will experience a dip in their property values.

Varying Affordability Levels Between Capitals

Property values jumped over 20% last year despite wages having hardly increased at all. This constrains property price growth in Melbourne and Sydney as lending capacity has been maximized.

The smaller capitals, especially Brisbane and Adelaide, continue to offer affordable property prices.

In Sydney, the median house price is twice that of Brisbane. Sydney’s median house price is also much higher than that of Melbourne.

Data gathered throughout February favours a sellers’ market

Despite mixed results throughout the past month, buyer and seller activity was strong.

Price growth in Sydney and Melbourne has been moderate. On the other hand, Brisbane and Adelaide showed strong growth in asking prices.

Will the Ukrainian Crisis Affect the Property Market?

In recent headlines, it is suggested that the Russian invasion of Ukraine will cause property prices to dive by about 15%.

However, the history of the past 35 years says differently. Despite significant economic, military, and terrorist crises, the Australian economy has always performed exceptionally well.

This headline has failed to recognize the strength of the Australian economy, the flood of migrants that the Ukrainian crisis will produce, and the resilience of the Australian housing market and its banking system.

War overseas may cause short-term falls of confidence. However, once economic growth resumes and political tensions ease, there will be a quick bounce back for local housing values.

Where is the Housing Market Headed in 2022?

Despite highly fragmented price growth and generally lower growth rates, demand for housing will continue to stay strong.

Growth in the housing market is likely to increase by 4% in Melbourne and 5% in Sydney. More substantial growth is expected in the smaller capitals of Brisbane and Adelaide.

This year, rental costs will experience a solid increase due to low vacancy rates and increasing demand for rental properties.

Housing market demand will increase as the country re-opens its borders, mass migration occurs, and the economy recovers in a post-COVID world. This increase will also show an underlying shortage of housing.

Investor activity will continue to support housing markets. Price growth levels will also be determined by income growth and interest rates. However, the housing market will likely stay steady as we continue moving forward.

Dwelling Approvals

The Australian Bureau of Statistics released Building Approval figures and the statistics showed that the dwelling approvals for new properties and homes recovered and returned to their levels before the pandemic hit.

Recent Severe Weather Events

Some markets, particularly in South East Queensland, Wide Bay-Burnett, and parts of New South Wales, will experience a dip in the housing and property market due to flooding.

However, the market is likely to recover within a year, even in the hardest-hit areas. Historically, this is supported by the quick recovery we saw in the property market after the flooding that occurred in 2011.

Planning to invest in residential real estate? Contact Mirren for a complimentary consultation.

Median house price: $579,500 (February 28, 2022)
Median house rental value: $460 PW (November 9, 2021)
Transport: car, train, bus
Population: 11,884 (2016)
State: New South Wales
Location: 170km from Sydney Central Business District

Rutherford is a hub of commercial activity located just 170 km north of the Sydney Central Business District. The suburb is fantastic for growing families with many schools. The New England Highway, used by thousands of commuters daily, passes right through the area.
Residents have a medley of places to choose from to keep them physically and socially active with indoor and outdoor sports facilities, various cafes, and restaurants. It’s a suburb with mainly mature, established, and older couples and families.

Real Estate Market
The median house price in Rutherford is $579,500, while houses rent out for $460 PW with an annual rental yield of 4.1%. On the other hand, units have a median price of $415,000 and rent out for $350 PW with a rental yield of 4.4%.

In 2018, the median sale price was around $415,750 for houses and $325,750 for units. Three years have seen a substantial increase, making Rutherford a good property investment choice.

Population and Demographics
Based on the 2016 census, Rutherford has a population of 11,884 people. 55% of the residents work full time. The median age is 34 years old, and 65.7% are family households. Around 80.7% of the inhabitants in Rutherford were born in Australia.

Lifestyle
Rutherford is a well-populated suburb, with more than 12,000 people calling it home. Much of its population are maturing families with kids under 15 years of age.

Aside from its mixed residential developments, Rutherford is retail, light industry, and manufacturing hub. This suburb also has a small commercial centre. It has ten different supermarkets, even more chemists, and several schools. Residents also have access to various indoor and outdoor sporting facilities and various restaurants and cafes to choose from. Rutherford is also home to many alternative therapies, wellness centres, and clinics.

The New England Highway passes through Rutherford and is used by many commuters daily. Hunter Valley Buses link Rutherford with other Maitland suburbs and give residents access to the Maitland railway station. Just west of Rutherford is Maitland Airport.

Rutherford has Rutherford Public School, St. Paul’s Primary School, and Rutherford Technology High School. The University of Sydney Residential Colleges is just 7km away. Many long daycare and out-of-school hours care centres are also within the area.

Why Live and Invest in Rutherford?
– Rutherford has a healthy real estate market, with its house and unit values on an upward trend for the past few years.
– As an investor, you will have a wide range of properties to choose from in Rutherford, whether you rent or buy. For less than a million dollars, you can even buy a large home.
– Rutherford is a commercial hub with a medley of local activities, child care services, and a wide range of career prospects.
– Rutherford is just a 30-45-minute drive to local tourism hotspots like the Newcastle Beaches.

Wish to get your next investment property in Rutherford, NSW? Let our expert investment property strategists help you with your investment strategy and in finding the perfect investment in Rutherford, NSW. Contact us today for an obligation-free complimentary consultation.

Torrential rains recently hit southeast Queensland, resulting in widespread flooding. For the second time in just over a decade, Brisbane’s flood-prone zones were covered entirely in water. This sparked many prospective buyers’ fears about purchasing properties in the area.

Though the market will face a hit in sale prices for properties affected by the flood, many real estate figures say that they’re likely to bounce back quickly within the year.

The historical data supports this. Since the last major flood event in Queensland in 2011, medians of flood-hit suburbs have been revealed to have more than doubled.

The hardest-hit suburbs like Graceville and Sta. Lucia displayed a drop in median house prices of 1.5% and 3.5% within a year of the 2011 flooding. However, by December 2021, those prices jumped to 107.7% and 101.3%, respectively.

According to domain head of research and economics, Dr Nicola Powell, the Brisbane real estate market is hot. Though the floods are going to hinder some sales, the demand for properties remains strong, and Brisbane is in a solid position to recover. Long-term home values will continue to stay resilient in an unshakeable market.

However, another recent report by CoreLogic, a property data organization, showed that property values in Brisbane took some years to recover after the 2011 floods. The report also showed that property values did not fully recover from their 6.1% drop until March 2014.

According to CoreLogic, the hardest-hit suburbs, like Chelmer and Kenmore, took between three to nine years to recover from the price drop.

Before the most recent flooding, the Brisbane real estate market was actually leading in annual property price growth in Australia. In the quarter to December 31, 2021, property prices were trending upward at around 8.5%.

People poised to buy properties in Brisbane may have experienced a psychological impact. Still, real estate research analyst Terry Ryder believes that the market will have a shorter recovery time than what it took after the floods in 2011.

The government will be pouring more funds into the development of infrastructure projects and associated projects to help prevent and mitigate similar events from happening in the future. Also, Brisbane was selected as the winning bid on July 2021 for the 2032 Summer Olympics. These will encourage the recovery and growth of the real estate market in Brisbane.

Also, the flooding may encourage a “mini-boom” in the local economy. Those affected by the floods will be able to claim insurance and will be spending that money on their own recovery, rebuilding, and renovation.

Real estate agents have also seen an influx of interstate and international clients looking to buy Queensland properties since last year.

With the country reopening its borders, expats are now returning to Australia ready to buy. Interstate buyers are moving north from Sydney for better work opportunities, the more affordable price of properties, and family connections.

The flooding will cause a rise in the price for more elevated properties. However, there will always be a demand to live in inner-city suburbs, even if they were the hardest hit. The same goes for the desire to live on waterfront property.

Thinking if this is the right time for you to buy an investment property or looking for that right property? Contact us now.

Real estate booms don’t happen too often. If you want to be successful in your property investment endeavour, perhaps it is best to concentrate on finding the right location for your investment property. Location is arguably the most critical factor to real estate success. Once you find the right property situated in the perfect location, it can set you up for success.

This is why you must consider the appearance, accessibility, and amenities of a neighbourhood before even considering investing in a property there. Thinking ahead is also good, so make sure you check out plans for development in the area.

Most people decide to buy a property based on how much they like the house or apartment. They fail to consider that you are also purchasing a plot of land when you buy a property. The house currently standing on the said plot of land can always be demolished or renovated and remodelled. The land, however, doesn’t change.

In much the same way, city properties also stand on plots of land which is either considered good or bad, relative to the rest of the city. This makes the location the most important driving force behind the value of a property.

Look to the future
Good locations usually have fantastic transport links, good schools, accessible shops, and a feeling of community. While all these elements are true to a location for a few years, it doesn’t always remain that way. Change has to be factored in. Everything changes, including cities, suburbs, towns, and rural communities.

Try not to look at what a neighbourhood or location looks like right now. See beyond the present, into the future. What will this place look like ten years down the road? Is this a good investment? After all, real estate is pretty long term. It won’t serve you well to keep on “living in the moment.”

The factors to consider when looking for a good location
If you’re looking for a property to invest in, keep these factors in mind when considering location:

Centrality
Land is not an unlimited resource—it’s a finite commodity. This is why cities with less room for growth can be more valuable than cities with a lot of room to expand.

Neighbourhood
The neighbourhood is one of the more personal factors in choosing a property location. However, even though it depends mainly on your taste, it still needs to be excellent in appearance, accessibility, and amenities. For instance, the neighbourhood needs to be relatively near to transit routes to commute to and from work. It also needs to have a lot of trees, good landscaping, and safe parks. In addition, it has to have grocery stores, restaurants, and shops for convenience. For families, schools will be an essential driving factor as well. Finally, it has to be safe. Check out the crime rate around the area and the safety measures for any eventuality.

Development
What is it going to look like in the future? This should be the first question to ask yourself before you decide on a property or its location. Are there development plans in the works, or is it ongoing? What kind of establishments are in development? Does it include new schools, community centres, public transportations, hospitals, or other infrastructures? Make sure to find out whether any public, commercial, or residential developments are planned.

Lot location
Where is the property located relative to everywhere else? Is the house you want to buy plopped near a busy road or a highway? Does it stand next to a commercial property like a gas station, grocery store, or a busy parking lot? Or does it have a fantastic water view that will surely make it easy for it to be sold at a very steep price? Make sure to consider these questions before making a decision.

The property
The property itself is the last factor. Logically make your decision. Try not to let your initial impression overtake your choice. If you choose between a home in need of a major overhaul but with a larger lot and a house in perfect condition sitting on half the former’s land, go with the first, mainly if they belong in the same good neighbourhood. Why? One can always upgrade the house, but the land is constant.

How to pick the best home location
This is simply answered as: do your research. Property investment does not rely on emotion or instinct. Instead, it utilizes logic to make an informed decision.

Check out the area yourself and take the advice of investment property strategists that know the area well to get a more professional opinion on the location.

We’re here to help. Contact us to book a complimentary consultation with Mirren’s investment property strategist.

Forecast
This new year, Brisbane is finally ready to realize its destiny. As we know, Brisbane’s property market had always been predicted to boom. However, some people had lost faith due to the slow and steady home price growth instead of the expected explosion.

Perhaps Queensland was getting started then and is now ready to soar finally. Three of the four big banks had already predicted a 9-10% rise in Brisbane prices. Not only that, it is said to be reasonably long-term growth, too! In addition, a higher interstate migration rate and investor activity are also highly expected due to the reopening of borders.

Factors that affect the growth
One of the factors affecting Brisbane’s rising popularity is migration. According to the Australian Bureau of Statistics, Queensland had the most significant number of interstate arrivals in the first year of the pandemic. The place had a net internal migration of around 30,785 people until March 2021. To give you an idea of how massive this number is, this is double the state’s annual average from 2010 to 2020.

Other factors why both owners and investors are drawn to the city include affordability, lifestyle, and improving infrastructure. Affordability, since Brisbane is more affordable than Melbourne and Sydney; and lifestyle Queensland offers.

Adding to it is the fact that Brisbane is set to transform dramatically soon.
Brisbane Metro, Cross River Rail, Queen’s Wharf, Waterfront Brisbane, and Brisbane Live, with additional infrastructure plans for the Olympic Games in 2032, are in the works.

Another factor would be that Brisbane offers investors a reasonably solid rental yield and low vacancy rates. According to the Property Investment Professionals of Australia Investor Sentiment Survey, Queensland is investors’ number one property destination. 58% of investors believe that the place has the best prospects. The Property vs Postal survey by MCG Quantity Surveyors found it to be the top investment destination since 37.44% of investors buy properties there.

The lead cities or areas for 2022
According to Domain’s chief of research and economics, Brisbane is the place to be in 2022, with the Gold Coast and the Sunshine Coast markets in close competition. South East Queensland, especially, will have a much stronger growth rate because of pandemic migration and the lifestyle and job prospects that Brisbane offers. Of course, there’s also the Olympics in 2032, including all the infrastructure projects planned and completed. All these factors put Brisbane up in the property market.

With the 2032 Olympics looming on the horizon, Brisbane is set to become a global city. Leading the 2022 market with it are the Gold Coast and Sunshine Coast. SQM Research Report for 2022 has named Brisbane as next year’s winner of the Australian real estate market. In addition, it has also predicted a 14% increase in median property prices across the capital.

Brisbane Olympics
The upcoming Brisbane 2032 Summer Olympics could fuel the biggest real estate increase in the city’s history. Several industry experts predict years and years of property price growth that will push the median house price past the million-dollar mark.

Buyers are already looking for houses and units well within a 10-kilometre radius of the CBD. This includes Hamilton, Tennyson, Chandler, and Woolloongabba. The Olympics is just so massive that it will trigger a huge hike in the Brisbane property market with it. Worldwide real estate searches show that Brisbane and the Gold Coast are rated among the top cities. This will only escalate once international borders reopen.
Both houses and units are predicted to increase in the upcoming year because of the 2032 event. The Olympics will mark the city’s coming of age. It is also said to bring more investment dollars through its gates.

While the Olympics is a huge factor in the increase in Queensland’s property market, other powerful factors are working for the Brisbane market, such as adding several major infrastructures like the Cross River Rail, the Queen’s Wharf, and the Eagle Street development, among others.
The lifestyle that Brisbane offers is another driving force and one of its many advantages. It may not be as expensive as some of the better-established market cities in Australia, but it offers similar quality of life.

Brisbane is set to become one of the leading cities in the property market. Are you ready to explore Queensland investment property market? Let our expert investment property strategists help you with your investment strategy. Contact us today for an obligation-free complimentary consultation.

Wish to understand the meaning of investment property-related jargon Read along.

Equity
In investment property, equity is the difference between your mortgage and your property’s value. It is the difference between the value of your home and how much you owe on it. For instance, if your home is worth $450,000 and you owe $100,000, you have equity of $300,000.

Equity can be used as security with the banks. This means that you can borrow against your equity to fund your next investment property or other major purchase.

Median Price
The median price is NOT the average price! The median price is the sale price of the middle home in a list of homes of that area after the outliers (the few unusually high or low sale prices) are removed.

The median price better indicates a property’s value and the local real estate market. Real estate professionals refer to the median price rather than the average price because it is less affected by outliers – by eliminating the most expensive and lowest priced properties that change the perceived values in a particular housing area. A house that sells for far more or far less than most houses in the area will skew an average price.

The median price is helpful to a buyer since it allows him a more accurate and better-educated decision regarding the time and place to buy a property.

The rising median prices indicate the seller’s market, whereas the falling median prices indicate a buyer’s market.

Cash flow positive
A cash flow positive property refers to one that makes money after all the expenses are paid. Even if the property doesn’t increase in value, the money it generates can help you pay your debts or purchase more properties.

Simply put, you have a cash flow positive investment if your earnings are more than your outgoings. Even after considering the interest on the loan, maintenance, insurance, land tax, rates, mortgage repayments, etc., you’re still ahead.

Depreciation
Depreciation refers to a property’s decrease in value over time. It is essential for rental property owners because they use depreciation to deduct the purchase price and improvement costs from their tax returns. Depreciation begins when the property is used or is made available to use as a rental. In addition, depreciation can only be applied to buildings since land is not something that depreciates.

Positively Geared
Positively geared means profitable. This means that the income from the asset exceeds its outgoings and other possible deductions. It is essentially an investment that generates more income than it costs in other expenses like loan repayments and strata fees.

Negatively Geared
This happens when the income is less than the outgoings or expenses. A property is negatively geared when the rental return is less than the interest repayments and other property-related expenses. However, there is a key benefit to negative gearing. Any net rental loss incurred during the financial year may be offset against your other income, such as your salary. This allows you to reduce your taxable income.

Investment Portfolio
A real estate portfolio is a collection or compilation of different investment assets that a person holds and manages to achieve a financial goal. It includes the number and type of investment properties owned by a person or a group of people. It can also be seen as a strategic catalogue of current and past real estate deals, including rental properties and real estate investment trusts that earn monetary returns.

Rental yield
Rental yield is the amount of money you make on an investment property by measuring the gap between your overall costs and your income from renting out your property:
It can be calculated by multiplying the weekly rent by 52 (weeks in a year).
Divide the purchase price of the property.
Multiply this figure by 100 to get the percentage.

Property cycle
The value of properties usually follows a cycle of growth, a slowdown, a bust, and an upturn. This frequency typically re-occurs every seven to ten years. This four-phase wave pattern through which the housing markets move includes recovery, expansion, hyper supply, and recession, is the property cycle. The property cycle can help you predict upcoming trends and make informed decisions about your investments.

Speak with your investment property specialist at Mirren Investment Properties. We can help you understand the best options for your current finance situation and objectives.

Before you decide to sell your property, make sure you’ve thought about everything properly. While it’s sometimes tempting to sell it immediately because of a rumour you heard, or a trend you think is going to happen in a couple of days; still, you shouldn’t rush it. Sure, timing is important, but so is your careful consideration.

Ask yourself, do you need the money?
There are times when we are suddenly strapped for cash. The desperation this need inspires can sometimes make us panic and think about all the properties we can liquidate in a hurry, to get some money. While it is understandable, it is also not a very good move. If you need the money immediately, it lessens the possibility of getting the best offer for your property. You’ll have to settle for the first offer, which may not be the best offer.

Poor property performance
Investors, as a rule, think about medium to long-term goals for their properties. However, if it’s been some years and a particular property is consistently performing poorly, you may need to sell it. Discuss with your investment property strategist whether keeping the property or selling it is the best move.

Capital gains tax
One of the things you need to think about if you’re considering selling a property is the amount you have to pay in Capital Gains Tax (CGT). CGT refers to the tax you will pay on the profits you will gain from selling your property.

Long tenancy
You may want to hold off on selling if you have long-term tenants in place as it may limit your potential market. While investors may want to buy with a tenant in place, homeowners won’t. We all know that homeowners purchase based on their emotions, which makes them excellent buyers. Investors tend to look at the number and performance of the property. It would be best to hold off selling until you have both homeowners and investors in the market.

Equity
Equity is one of the most excellent ways of expanding your portfolio. Instead of selling a property, you can use the increased value of the property as equity to buy another property. If you are selling it to buy another property, you may not need the money from the sale.

Have your options lined up
If you are selling to expand, or at the very least, improve your portfolio, make sure you have your investment options lined up. Think about the current trend, and then think some more if it applies to both the property you want to get rid of and the one you want to buy. If they’re both almost the same, you may not have much profit from the sale.

Retirement sale
Everyone wants to enjoy life upon retirement. The sale of your property can greatly increase your comfort and ability to fulfil your wishes, such as travel, home renovations, and a fat financial cushion. However, you also need to think about the liquidated asset vs regular income from your investment property.

Low vacancy and interest rates
Potential buyers will have more confidence that your property will be a good long-term investment when vacancy rates and interest rates are low. If you want to sell, make sure that the market is favourable to you.

Property value
If you want to sell, you will want the highest possible price for your property. However, setting an overly high price may stop buyers on their tracks. It will also increase the chances of your property staying on the market for a bit longer than you’d like.

Before you even decide to sell, check with us, your property investment strategist. Book your complimentary consultation to discuss the options.

Holmview Suburb Profile

Median house price, 4 BR: $443,000 (Dec ’21).
In general, house prices are on the rise in QLD.
Transport: car, bus, bike

State: Queensland
Size: 4 sq km
Location: 12.5km south of Logan Central

Holmview is a growing residential suburb located in the city of Logan and the state of Queensland. It’s found south of Logan Central and southwest of Brisbane, Queensland’s state capital. Before it became a suburb in 2003, Holmview was designed as a locality by Queensland Place Names Board in 1975.

Holmview takes its name from the railway station found in its area which was built in 1885. Before it became a residential hotspot, Holmview was known for its brewery which was established by August Thorsborne. Locals refer to the brewery as the brewery waterhole. In 1891, the brewery was closed due to financial troubles.

Area
Holmview has a size of approximately 4 sq km. It has 4 parks covering 5% of its total area. The suburb is mostly “undeveloped bush” and is bordered in the north by the Logan River.

Real Estate

Holmview’s median sale price was about $367,500 (in Oct 2020), which has then shown an upward trend like the rest of Queensland. The median sale price of Holmview still remains significantly lower than the national average making it a good investment option.

Lifestyle
Living in a suburb bordered by the Logan River and near Brisbane CBD combines the beautiful nature outdoors and the conveniences of modern life. And with a good median property price, it’s not surprising to see why many people are looking to Holmview to stay.

The transportation in Holmview is good but can be better. Commute to Brisbane CBD takes approximately one hour and a half via bus. While around 30 minutes via car.

Holmview has no schools in its vicinity but it has wonderful schools in its nearby suburbs. The nearest primary school is found in neighbouring suburbs such as the Edens Landing State School which is found in Edens Landing. The nearest secondary school is in Windaroo Valley State High in Bahrs Scrub, Loganlea State High School in Loganlea, and Beenleigh State High in Beenleigh.

Population and Demographics
Holmview has a population of 2,351 based on the latest 2016 census. This number was a result of 68.5% growth from its 2011 population of 1,395.

Why Live and Invest in Holmview?

  • Holmview is an expanding suburb that has huge potential, because of its strong market conditions, it will attract more investors in the future.
  • Residential pricing is set to rise in the coming years because of the population boom in Holmview.
  • In the coming years, Holmview’s strong job market and low cost of living will attract more people from nearby states.
  • Holmview is a great place to start a family and raise children with plenty of nearby schools, park, and entertainment areas to enjoy.

    We can help you plan your investment strategy and also find the best property for you. Contact us today.

Redbank Plains, QLD suburb profile

Median house price: $363,000 (October 2021)
Median house rental value: $400 PW (November 2021)
Transport: Car, train, bus
Population: 19,299 (2016)
State Electorate: Bundamba
Size: 18 square kilometres
Location: 11.9 km by road from the Ipswich Central Business District and approximately 34.2 km from the Brisbane Central Business District.

Redbank Plains is a hopping and quaint community located in the City of Ipswich, Queensland, Australia. It is located 11.9 kilometres by road from the Ipswich Central Business District. The population is slowly growing in this suburb, and it promises to become one of the best communities to settle down in.

Major Edmund Lockyer named Redbank Plains in September 1925. He dubbed the place ‘Redbank’ due to the red soil on the bank of the Brisbane River.

Real Estate Market

The median house price in Redbank Plains is $363,000, while the median unit price is $305,000. The houses rent out for around $400 PW with an annual rental yield of 5.2, whereas units rent for $295 PW, with a rental yield of 5.0%. Based on a five-year sale, investors should take note that Redbank Plains has seen a compound growth rate of 2.3% for houses and 0.3% for units. It ranks 3851st on the list of suburbs that property investors should look into.

Redbank Plains is one of those properties that go up with years. It is in demand, and it promises to continue to be so in the future.

Population and Demographics

Based on the 2016 census, Redbank Plains has 19,299 people, and about half are renters. Most of the residents are also employed.

Lifestyle

Redbank Plains is a family-friendly and idyllically set community. It is just under an hour from Brisbane Central Business District and under 20 minutes to Ipswich. The suburb provides an attractive choice for families looking for a safe, friendly, and convenient home.

The community is embraced by parklands while enjoying quick highway access to Brisbane. It also has an abundance of schools and shops which are located close by. This offers the residents the convenience of family living all within walking distance.

It also boasts of a Town Square Redbank Plains Shopping Centre. This is a brand-new shopping destination built with fancy and restful little cafes, restaurants and stores.

The centre also includes Coles, Woolworths, ALDI, Target, and Australia. In addition to that, there’s also the stunning Brookwater Golf Course designed by Greg Norman. It entirely lives up to its reputation. It offers a unique dining experience overlooking the magnificent course.

Redbank Plains also has a regular bus service connecting directly to the nearby train station and the local schools within walking distance. The aforementioned local schools include Fernbrooke State School, Redbank Plains State High School, and Redbank Plains State School. It is on the way to being the most family-friendly community in Queensland.

Why Live and Invest in Redbank Plains?

– Redbank Plains has a thriving real estate market that is poised for growth in the foreseeable future. It ranks 3851st on the list of suburbs that property investors should look into.

– One of the best things about investing in Redbank Plains is the availability of affordable real estate options. You can already purchase a big home for under half a million dollars.

– Redbank Plains is a bustling, family-friendly suburb. It has local schools, shopping centres and even a golf course. It offers the residents the best of quiet and convenient suburban living.

– Redbank Plain’s transportation offers a regular bus service connecting directly to the nearby train station. A new railway line connecting Springfield Central via Ripley to Ipswich is projected to start in the coming few years. It is also within walking distance from the local schools, making it easy for the residents to get around.

Interested? Contact us for an obligation-free consultation here.