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Redbank, QLD 4301
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$840,000
market range $800K-$875K
Median Unit
$645,000
market range $575K-$700K
Gross Yield (houses)
3.6%
1yr Growth (houses)
+18.8%
market range +12.5% to +25.0%
Investment snapshot for Redbank
Redbank has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Redbank market and investor summary
Redbank (QLD 4301) runs a median house price of $840K, with houses yielding a gross 3.6%. House prices have moved +18.8% over the past year and +58.8% over three years. At 0.6% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.6% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.6% and a resident base that is not shrinking.
Living in Redbank: people, income and schools
Redbank is home to around 2,931 people, and the area has been growing steadily, up about 23% over five years. The median age is 30, younger than the national median, with renters making up 55% of households. That renter share gives landlords a deep tenant pool to draw on through the year.
Households here earn a median of about $69,000 a year, or roughly $1,320 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 12.2 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
There are 23 schools within about 5km, testing below the national school average on ICSEA. It is roughly 21 km from the CBD. It is fairly car-dependent; the suburb scores 48 for walkability and 50 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 2,931
- +23% over 5yr
- Median age
- 30 years
- Median household income
- $69,000/yr
- Households renting
- 55%
- Family households
- 66%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 23
- avg ICSEA 899
- Unemployment
- 5.6%
- Distance to CBD
- 21 km
- Walk score
- 48/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Redbank
View all →Frequently asked questions about Redbank
What should I check before investing in Redbank?
Redbank has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +18.8% in the past year shows strong recent price momentum. 3-year capital growth of +58.8% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Redbank?
The median property price in Redbank, QLD 4301 is $840K for houses and $645K for units.
What rental yield does Redbank show?
The gross rental yield in Redbank is 3.6% for houses and 3.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Redbank?
House prices in Redbank are up 18.8% over the past year and up 58.8% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Redbank?
The current vacancy rate in Redbank is 0.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Redbank?
Redbank has a population of approximately 2,931 residents, with a median age of 30.
What schools are near Redbank?
There are 23 schools within roughly 5km of Redbank. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Redbank affordable to buy in?
A median house in Redbank costs about 12.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Redbank's population growing?
The population of Redbank has grown about 23% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Redbank from the CBD?
Redbank is about 21 km from the CBD.
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