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Redbank suburb profile

Redbank is an established, working suburb in the City of Ipswich that blends older brick and timber homes with pockets of newer townhouse developments. It sits beside the Brisbane River and has riverside reserves and local parks, while light industrial and commercial areas cluster near the rail line and major roads. The suburb is anchored by Redbank railway station on the Ipswich line, which shapes daily life for commuters, and there are convenient local shops and services for families. Practical and accessible, Redbank attracts buyers seeking modest homes, reliable rail links and a mix of suburban and industrial character.

Redbank property market performance

Current median dwelling price$609,625Past 3 months

Redbank has relatively few recent property sales, so there isn't enough data to publish a reliable median price for houses or units. The figures that are available show house values have risen sharply, up 23.7% over the last 12 months. There were 9 house sales in the past three months and houses sold in a median of 15 days.

The rental market in Redbank recorded average house rents of $565 a week, and house rents rose sharply, up 10.8% over the last 12 months.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
23.7%N/A
Sold
Past 3 months
9N/A
Median days on market
Past 12 months
15N/A
Average rent
Past 12 months
$565N/A
Change in rent
Past 12 months
10.8%N/A

5 year median price trend for houses and units

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Redbank demographics

Redbank is a community of 2,931 people with a median age of 30. Households have a median total weekly income of $1,321, which is roughly $68,700 a year.

Families are led by couple families with children, who make up 43.1% of families, while couple families without children account for 29.9%. Together those couple families represent 73.0% of all families. One-parent families comprise 24.2% and other families 2.8%.

In Redbank most homes are rented: 57.6% of dwellings are rented, compared with 42.4% that are owner-occupied (23.4% owned outright and 19.0% owned with a mortgage).

Suburbs near Redbank

Some popular suburbs near Redbank include:

  • Collingwood Park: Family-oriented residential suburb in Ipswich, notable for parks and playing fields.
  • Riverview: Riverfront suburb on the Brisbane River with leafy streets and scenic outlooks.
  • Goodna: Historic township beside the Brisbane River, part of Ipswich's eastern suburbs.
  • Dinmore: Small industrial and residential suburb with railway heritage and pockets of housing.
  • Moggill: Leafy, semi-rural suburb on Brisbane's western fringe, known for acreage and greenery.

How does Redbank compare to nearby suburbs?

  • Median house prices: Redbank’s median house price is 4.5% higher than Riverview’s.
  • House price growth: Over the past 12 months, house prices in Redbank have grown 3.2% higher than in Riverview.
  • Selling speed for houses: Properties in Redbank are selling 21.1% faster than in Collingwood Park.

Choose the right real estate agents in Redbank

There are 42 real estate agents in Redbank, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 25.5% of all sales in the past year.

Commission rates in Redbank typically range from 2.38% to 3.17%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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