Property Investment in Redbank Plains, QLD

Property Investment in Redbank Plains, QLD

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.