Could Redbank Plains be the Best area to buy in Ipswich? Read the Best buyer’s agent in Ipswich suburb report on Redbank Plains to find out!
Overview
Redbank Plains is one of the most sought-after suburbs in Ipswich for first-time home buyers and investors alike. Known for its affordability, excellent connectivity to major hubs, and family-friendly amenities, the suburb has experienced steady growth in recent years. With a variety of parks, shopping centres, and schools, Redbank Plains offers a perfect balance of convenience and lifestyle appeal.
Suburb Snapshot
- Median House Price (2024): $651,500
- Annual Growth (2024): 18.0%
- Location Attributes:
- Brisbane CBD: 32 km (Approx. 35 minutes’ drive)
- Ipswich CBD: 12 km (Approx. 15 minutes’ drive)
- Springfield Central: 10 km (Approx. 12 minutes’ drive)
- Gold Coast CBD: 80 km (Approx. 1 hour’s drive)
Demographics
Based on the latest 2021 Australian Bureau of Statistics (ABS) data:
- Population: Approximately 19,299
- Median Age: 29 years
- Housing Types: Predominantly detached houses, with a mix of owner-occupied and rental properties. Ideal for families, professionals, and retirees.
Property Market Overview
Houses:
- Median Price: $651,500
- Median Weekly Rent: $550
- Rental Yield: 4.4%
- Notable Recent Sales:
- 5 McKinlay Ave: $685,000 (December 2024)
- 27 Cashmere St: $740,000 (December 2024)
- 50-52 Greenwood Village Rd: $1,280,000 (December 2024)
Units:
- Median Price: $537,900
- Median Weekly Rent: $450
- Rental Yield: 4.4%
Long-Term Growth:
Redbank Plains has demonstrated consistent long-term growth, with the median house price increasing from $277,000 in 2007 to $651,500 in 2024. This represents an annual growth rate of approximately 6.2% over the past 17 years. Significant growth spikes were noted in 2022 (31.5%) and 2024 (18.0%), driven by increased demand for suburban living and local infrastructure upgrades.
Vacancy Rates:
- Vacancy rate as of November 2024: 2.1%
Education Options
- Primary Schools:
- Redbank Plains State School
- Fernbrooke State School
- Secondary Schools:
- Redbank Plains State High School
- Staines Memorial College
- Child Care Centres:
- Three centres listed on Toddle, including Goodstart Early Learning.
Lifestyle and Amenities
- Shopping:
- Town Square Redbank Plains Shopping Centre
- Nearby Orion Springfield Central
- Parks and Recreation:
- Redbank Plains Recreation Reserve
- White Rock – Spring Mountain Conservation Estate
- Cultural Highlights:
- Close to Ipswich Art Gallery and historic sites in Ipswich CBD.
Health and Wellbeing
- Closest Hospitals:
- Ipswich General Hospital (15 minutes’ drive)
- Springfield Mater Private Hospital (15 minutes’ drive)
- Local Healthcare:
- Multiple clinics, pharmacies, and allied health services available locally.
Community and Employment
Redbank Plains fosters a vibrant community atmosphere with local events and activities. Key employment sectors include retail, healthcare, education, and construction, with many residents commuting to Brisbane or Ipswich for work.
Recent and Planned Developments
- Redbank Plains Road Upgrade:
- Improved traffic flow and connectivity to major highways, expected completion by 2026.
- Impact: Enhanced accessibility and reduced travel times.
- Town Square Redbank Plains Expansion:
- Additional retail and dining options planned, completion by 2027.
- Impact: Increased convenience and lifestyle appeal for residents.
For more development projects in Ipswich, [Click here].
For more development projects in South East Queensland, [Click here].
Key Statistics Table
| Metric | Data |
|---|---|
| Population | 19,299 |
| Median House Price (2024) | $651,500 |
| Median Weekly Rent (Houses) | $550 |
| Rental Yield (Houses) | 4.4% |
| Education Facilities | 4 Schools, 3 Childcare Centres |
| Transport Access | Road and Rail |
Ipswich Buyer’s Agent Introduction
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Conclusion: Why Choose Redbank Plains?
Redbank Plains stands out as an affordable, family-friendly suburb with excellent connectivity and promising growth potential. Its blend of modern amenities, natural beauty, and community spirit makes it a top choice for first-time home buyers and investors alike. With a robust property market and ongoing infrastructure upgrades, Redbank Plains offers both a great lifestyle and strong investment returns.
Ready to make Redbank Plains your next destination? Contact us today to begin your journey!