Greenbank is a small but established suburb in the South East Queensland property market. A mix of savvy local and interstate investors, as well as owner-occupiers, are currently buying into Greenbank. It is also popular with renters.
Location
Greenbank is located on the edge of Logan City in South East Queensland, which is between the capital city of Brisbane to the north and the Gold Coast to the south. It is largely surrounded by bush and farmland with a diverse range of flora and fauna.
Greenbank also borders the Greater Springfield suburbs of Spring Mountain and Springfield that are part of the rapidly growing Western Growth Corridor between Brisbane and Ipswich. This region has been formally identified for fast-tracking by the Queensland government to accommodate Brisbane’s rapidly expanding and sprawling population.
The Western Growth Corridor’s population is forecast to double by 2030, and there are billions of dollars’ worth of infrastructure projects either under way or planned during that time. Greenbank is well poised to capitalise on these projects.
At just over 40 kilometres from the Brisbane CBD, Greenbank is far enough to be away from the hustle and bustle, but close enough to be convenient.
Greenbank infrastructure and amenities
Greenbank has a diverse range of infrastructure and amenities, including:
- Easy access to the Riverside Expressway (M3), Centenary Motorway (M5) or Ipswich Motorway (M7) for a commute to the Brisbane CBD.
- Easy access to the Pacific Motorway (M1) for a one-hour drive to the Gold Coast.
- Greenbank Shopping Centre that has Woolworths as its anchor tenant, as well as medical, dental, and veterinary services, a pharmacy, food and drink outlets, and beauty services.
- A diverse range of family-friendly parks.
- The Greenbank Services Club, a large community hub for food, drinks and entertainment.
- The Greenbank State School and Everleigh State Schools, both co-educational primary schools (prep to Year 6). Both private and state high school options are available in neighbouring suburbs, such as Springfield Anglican College and Park Ridge State High School.
- Public transport facilities via a dedicated Translink bus route.
Greenbank demographics
The current population of Greenbank was just under 10,000 at the last official count in the 2021 Census. The median age of your typical Greenbank resident is 37, and the suburb has a diverse mix of singles, partners and families.
Many first home buyers see Greenbank as a stepping-stone area. It is also popular with rentvestors (first home buyers who invest in an affordable area and live elsewhere), as well as both local and interstate investors looking for strong rental yields. Being an established suburb, most homes in Greenbank are houses on relatively large blocks.
Like most suburbs in the booming South East Queensland property market in recent years, Greenbank properties have experienced strong price growth. Many owner-occupiers who have lived in Greenbank for many years now have the opportunity to cash in on their enhanced home equity by upgrading their home or investing in an additional property.
Greenbank property trends
Significantly, Greenbank is still a very affordable property market, unlike many South East Queensland suburbs. That makes it attractive and accessible for first home buyers, other owner-occupiers looking to move or downsize, and both local and interstate investors (including rentvestors).
The median price for a Greenbank home is currently $862,000 for houses, compared to the mid-2024 Brisbane median house price of $937,479.
The average rental yield for Greenbank rental properties is currently 4.3%.
However, many of our savvy Purple Cow landlord clients in Greenbank are achieving both above-average rental yields and above-average capital growth.
How Purple Cow helps Greenbank real estate clients
If you are looking to sell or buy a Greenbank home, or you would like your Greenbank investment property professionally managed, then our experienced team at Purple Cow can help you.
Contact us today to find out more.
