Redbank is a quiet locality in New South Wales within the Port Macquarie-Hastings local government area (postcode 2446). With a population of 404, the suburb has a mature demographic with a median age of 48. Households earn a median income of $95K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Redbank is $1.2 million, having dipped slightly 2.1% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,767.
Public transport access includes 4 bus stops. The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Redbank offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 12.1x is considered stretched. House prices have moved -2.1% year-on-year.
Redbank is a quiet locality in New South Wales within the Port Macquarie-Hastings local government area (postcode 2446). With a population of 404, the suburb has a mature demographic with a median age of 48. Households earn a median income of $95K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Redbank is $1.2 million, having dipped slightly 2.1% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,767.
Public transport access includes 4 bus stops. The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Redbank offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 12.1x is considered stretched. House prices have moved -2.1% year-on-year.