Property management in Redbank Plains
Your suburb profile by Running Property
A residential suburb of Ipswich city, Redbank Plains (4301) is located 30 kilometres west of the Brisbane CBD. Currently home to nearly 15,000 people, Redbank Plains is about five km long from north to south, making it a relatively large area compared with other suburbs.
Since early settlement days, Redbank Plains’ development has been closely linked to that of the neighbouring settlement of Redbank. The opening of Redbank railway station in 1874 was a major catalyst for commercial growth in the surrounding areas.
Local quarries and collieries provided much employment to early residents of Redbank Plains. Soon, Redbank Plains boasted three churches, a school, and a post office. As part of the urbanisation process of the Redbank area in the 1960’s, the new suburbs of Redbank Plains and the adjoining Collingwood Park began to emerge.
Today Redbank Plains is well-supplied with shopping centres, including the major Redbank Plaza development adjacent to Brisbane Road, with its discount department stores and almost 100 specialty shops.
Data from realestate.com.au shows that the median Redbank Plains house price was $320K in 2016, with the median unit price being $233K. For investment property owners, Redbank Plains offers a median rent for houses of $340 per week, and the median rent for units $280 per week. There is average rental demand for houses and units in Redbank Plains.
For expert advice on attracting the best quality tenants for your Redbank Plains investment property, talk to the expert Running Property team. We have the local knowledge that can make all the difference to your rental return.
If you’d like a rental appraisal for your Redbank Plains investment property, fill out the contact form here or call Running Property on 07 3392 1544 today.