Redbank Plains is a very well-established suburb in the Ipswich region. A mix of savvy investors both locally and interstate as well as owner-occupiers are currently buying into Redbank Plains.
Location
Redbank Plains is strategically located between Brisbane and Ipswich in South East Queensland’s booming Western Growth Corridor. 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.
At about 34 kilometres from the Brisbane CBD, Redbank Plains is far enough to be away from the hustle and bustle, but close enough to be convenient. Neighbouring suburbs to Redbank Plains include Collingwood Park, Bellbird Park, Augustine Heights and White Rock.
Redbank Plains infrastructure and amenities
Redbank Plains has a diverse range of both modern and well-established infrastructure and amenities, including:
- Easy access to the Centenary Highway (M5) or Ipswich Motorway (M7) for a commute to the Brisbane CBD.
- Town Square shopping centre that has Coles, Woolworths, Aldi, Target and Australia Post as anchor tenants, as well as a mix of specialty retailers and service providers.
- The Redbank Plains State School and Fernbrooke State School, both co-educational primary schools (prep to Year 6).
- St Ann’s Catholic School, a primary school (prep to Year 6).
- Redbank Plains State High School, a co-educational high school (Year 7 to 12).
- Staines Memorial College, a non-denominational Christian school from Prep to Year 12.
- Plenty of open and family-friendly parkland space, including the Redbank Plains Recreation Reserve.
- Public transport facilities via a dedicated Translink bus route.
Redbank Plains demographics
The current population of Redbank Plains was just over 24,000 at the last official count in the 2021 Census. It’s popular with a younger demographic, including singles, partners and families. It’s also a multicultural area with lots of tradies. The median age of your typical Redbank Plains resident is 27.
Many first home buyers see Redbank Plains as a stepping-stone area, and it’s 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. The vast majority of homes in Redbank Plains are 3 and 4-bedroom houses.
Redbank Plains property trends
Significantly, Redbank Plains is still a very affordable property market, unlike many South East Queensland property markets. 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 Redbank Plains home is currently a very affordable $640,000 for houses, compared to the mid-2024 Brisbane median house price of $937,479.
The average rental yield for all Redbank Plains rental properties is currently 4.6%, but many of our savvy Purple Cow landlord clients in Redbank Plains are achieving both above-average rental yields and above-average capital growth.
Stamp duty concessions for eligible Redbank Plains first home buyers
The lower median house price in Redbank Plains is especially significant for eligible first home buyers in terms of stamp duty concessions for properties purchased under $800,000, potentially saving up to $24,525 in purchase costs.
Even if you buy a Redbank Plains property valued above $800,000, you may still be eligible for home concessions that will save you up to $7,175 in stamp duty.
How Purple Cow helps Redbank Plains real estate clients
If you are looking to buy or sell a Redbank Plains home, or you would like your Redbank Plains investment property professionally managed, then our experienced team at Purple Cow can help you to achieve an above-average ROI.
Contact us today to find out more.
