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Redbank, QLD 4301

Home » QLD Real Estate Data » Ipswich City, QLD » Redbank, QLD 4301

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Redbank, QLD 4301 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Redbank, QLD 4301”

  1. The total adult population (15 years or older) of Redbank 4301 QLD is 2,212, with a median age of 30. Of those, 35.08% are married, 12.70% are divorced or separated, 46.29% are single and 5.74% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $6,076. The median monthly mortgage repayment for households in this suburb is $1,500 which is 24.69% of their earnings.

    Source: ABS Census Data (2021)

  2. In the charming vicinity of Queensland rests the suburb known as Redbank (4301) which accommodates approximately 1485 households. As our data pours in for Q3 of 2023, we discern that the typical price for houses within this traditional suburb stands at $525,869. Tenants can expect a median rent of around $435 per week, thereby signposting an indicative yield of a very attractive 4.3% showing a likely solid cashflow for investors.

    The socio-economic profile of the area, based on the IRSAD score, is relatively sound at 884 out of 1217; it’s a sign of commendable economic resources and income levels amongst its demographics. However, the investment appeal of the suburb is slightly muddied by a higher renter to owner ratio of 55%, which could indicate an over-saturated rental market and potentially a higher risk investment.

    Nevertheless, investors can take solace in the fact that Redbank’s units to houses ratio is a low 7%, preferring houses over units. This data implies lower competition among landlords for tenants, more potential for longer tenancies and thus possibly more stable rental income.

    Adding to the complexity of the market is the Affordability Index; in Redbank, it will take approximately 34 years to own a house, suggesting a lesser degree of affordability and potentially limiting market demand.

    In terms of supply, the stock on market Percentage for houses, at 0.7%, signifies a balanced market, a situation that leans neither too heavily towards sellers nor buyers. An inventory level of 2.4 months reflects adequate absorption capacity, steering clear of an oversupply. Interestingly, building approvals for houses in the area towering at 9.31% hint at potential increases in supply on the horizon.

    Shifting our focus to demand metrics, the average days on market for houses in Redbank rests at a somewhat lengthy 96 days, hinting at less enthusiastic buyer interest. However, the quite low vacancy rate of 0.98% represents a strong rental demand and limited supply that could potentially support higher rents. Conversely, a buy search index of 3 suggests moderate buyer interest in the market.

    Just like every property investment, one must balance these factors against each other. Some investors might perceive the high yield and low vacancy rates as very attractive whilst others might caution against the high proportion of renters and longer ‘years to own’. It’s crucial to view all these figures as a part of the broader picture before making a decision, and to consider changes in these metrics over time. To fact-check and simplify this analysis, the Relative Composite Score (RCS) developed by HtAG Analytics, which integrates over 80 metrics, can be an invaluable tool for potential investors.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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