Redbank is a sparsely populated locality in Victoria within the Pyrenees local government area (postcode 3477). It is home to about 102 residents, with a more retirement-aged population and a median age of 59. Households earn a median income of $41K per year, with an average household size of 1.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, machinery operators & drivers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
The current median weekly rent is $400. The median monthly mortgage repayment is $964.
The crime rate in the Pyrenees LGA is moderate at 6,576 incidents per 100,000 population.
On the investment side, Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.