Get a property report and suburb profile for any property in Redbank Plains

Redbank Plains is an outer-urban suburb in the Ipswich region with a predominantly residential character that appeals to families and commuters. Streets mix estate-style pockets of modern detached homes and older, established areas, while the outer edges give way to larger semi-rural blocks. Everyday life centres on local shopping hubs, parks and sporting fields, schools and community facilities, and the suburb is served by regular bus links and nearby major roads that connect to employment areas in Ipswich and beyond, making for a practical, space-oriented suburban lifestyle within reach of the city.

Home to 24,349 people with a median age of 27 and a median household income of $1,516 a week, the community has a large share of couple families with children (44.9%) and more homes are rented (59.2%) than owner-occupied (40.8%). The suburb is the chosen site for Ipswich City Council’s Southern Resource Recovery Centre and a co-located animal management facility, and there are planned upgrades to the Redbank Plains Recreation Reserve, bus routes and infrastructure linking to Springfield and Ipswich, plus library enhancements. If you value space, nearby schools and sports facilities, and direct road and bus connections, Redbank Plains is worth a look; whether it suits you depends on what you want in a suburb.

Buying in Redbank Plains sits well above what local households earned at the last Census. The median house price of $870,000 is about 11.0 times a typical local household's annual income at the last Census, while the median unit price of $747,000 is about 9.5 times that annual income.

Renting is somewhat less stretched but still significant. A house rent of $585 a week would take about 38.6% of a typical local household's weekly income at the last Census, a sizeable share, and a unit rent of $450 a week would take about 29.7% of that weekly income, a moderate share. For people considering Redbank Plains, rent shares are the most relevant measure for renters and price multiples the key measure for buyers; whether those numbers feel expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months property values in Redbank Plains rose strongly, with the median house value up 17.9% and the median unit value up 17.3%. Rents also increased, with house rents up 6.4% and unit rents up 5.9%, a solid gain. The value changes point to capital growth over the year while the rent changes show movement in rental income, and overall value growth outpaced rent growth during this period. Whether that balance fits your investment goals depends on your individual circumstances and what you want from a property.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.