Redbank is a smaller residential area in Queensland within the Ipswich local government area (postcode 4301). It is home to about 2,931 residents, with a predominantly early-career demographic and a median age of 30. Households earn a median income of $69K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% year-on-year at the LGA level. QLD employment has moved +1.5% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. QLD also had 35 Commonwealth-backed major projects under construction, 16 underway, and 30 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, machinery operators & drivers, community & personal service. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Samoan.
Median house prices in Redbank sit at $800,000, little changed on a year ago. The current median weekly rent is $550. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,500.
Redbank is served by 1 school, including 1 primary. The average ICSEA score is 895, which is well below the national average of 1,000. Public transport access includes 1 rail station, 9 bus stops. The crime rate in the Ipswich LGA is moderate at 6,598 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.6% (moderate yield). Property prices sit below the state median ($800K/$1.1M), which can point to relative value. The price-to-income ratio of 11.7x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.