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Redbank, VIC 3477
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
-
Median Unit
-
Gross Yield (houses)
2.1%
1yr Growth
-
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
In Redbank, VIC 3477, houses show a gross rental yield of 2.1%.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.1% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Redbank: people, income and schools
Redbank is home to around 102 people, a number that has held fairly steady over five years. The median age is 59, an older, established demographic, and 93% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $41,000 a year, or roughly $790 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Incomes have risen about 31% over five years, which tends to underpin what local buyers can pay.
- Population
- 102
- -1% over 5yr
- Median age
- 59 years
- Median household income
- $41,000/yr
- Households renting
- 7%
- Family households
- 62%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 2.6%
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. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What rental yield does Redbank show?
The gross rental yield in Redbank is 2.1% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How many people live in Redbank?
Redbank has a population of approximately 102 residents, with a median age of 59.
Is Redbank's population growing?
The population of Redbank has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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