Redbank Plains is a large suburb in Queensland within the Ipswich local government area (postcode 4301). With a population of 24,349, the suburb has a young professional demographic with a median age of 27. Households earn a median income of $79K per year, with an average household size of 3.1 people. The most common occupations are community & personal service, labourers, machinery operators & drivers. The top ancestries reported are English, Australian, Samoan.
The median house price in Redbank Plains is $605,000, having surged 15.2% over the past year. Units have a median price of $465,000 (+3.3% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,473.
Redbank Plains is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 969, which is around the national average of 1,000. Public transport access includes 63 bus stops. The crime rate in the Ipswich LGA is moderate at 6,690 incidents per 100,000 population.
From an investment perspective, Redbank Plains offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($605K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 7.7x is considered moderate. House prices have moved +15.2% year-on-year.
Redbank Plains is a large suburb in Queensland within the Ipswich local government area (postcode 4301). With a population of 24,349, the suburb has a young professional demographic with a median age of 27. Households earn a median income of $79K per year, with an average household size of 3.1 people. The most common occupations are community & personal service, labourers, machinery operators & drivers. The top ancestries reported are English, Australian, Samoan.
The median house price in Redbank Plains is $605,000, having surged 15.2% over the past year. Units have a median price of $465,000 (+3.3% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,473.
Redbank Plains is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 969, which is around the national average of 1,000. Public transport access includes 63 bus stops. The crime rate in the Ipswich LGA is moderate at 6,690 incidents per 100,000 population.
From an investment perspective, Redbank Plains offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($605K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 7.7x is considered moderate. House prices have moved +15.2% year-on-year.