Ipswich suburbs – Ipswich is a Hotspot for First-Time Home Buyers Suburb Report: Redbank, QLD

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Could Redbank be the Best area to buy in Ipswich? Read the Best buyer’s agent in Ipswich suburb report on to find out!


Overview

Redbank is a thriving suburb in the Ipswich region, renowned for its strong community spirit, excellent transport links, and accessibility to amenities. Situated close to key hubs like Ipswich CBD and Brisbane CBD, Redbank offers an affordable yet appealing lifestyle for families, first-time buyers, and investors. With ongoing developments and a history of steady growth, the suburb presents a promising opportunity for property buyers.


Suburb Snapshot

  • Median House Price (2024): $670,000
  • Annual Growth (2024): 16.7%
  • Location Attributes:
    • Brisbane CBD: 26 km (Approx. 30 minutes’ drive)
    • Ipswich CBD: 15 km (Approx. 15 minutes’ drive)
    • Springfield Central: 7 km (Approx. 10 minutes’ drive)
    • Gold Coast CBD: 90 km (Approx. 1.5 hours’ drive)

Demographics

According to the 2021 Australian Bureau of Statistics (ABS) data:

  • Population: Approximately 5,653
  • Median Age: 36 years
  • Housing Types: Predominantly detached houses, with a balanced mix of owner-occupied and rental properties, making it attractive for both families and investors.

Property Market Overview

Houses:

  • Median Price: $670,000
  • Median Weekly Rent: $550
  • Rental Yield: 4.3%
  • Notable Recent Sales:
    • 3 Enfield Street: $615,000 (December 2024)
    • 13 Soe Street: $820,000 (November 2024)
    • 60 Broadleaf Parade: $690,000 (October 2024)

Units:

  • Median Price: $457,250
  • Median Weekly Rent: $450
  • Rental Yield: 5.1%

Long-Term Growth:

Redbank has shown remarkable long-term growth, with the median house price increasing from $275,000 in 2007 to $670,000 in 2024. This equates to an annual growth rate of approximately 6.7% over 17 years. Significant growth was observed in 2022 (29%) and 2024 (16.7%), driven by improved transport infrastructure and increased demand for affordable housing within commuting distance to Brisbane.

Vacancy Rates:

  • Vacancy rate as of November 2024: 1.9%

Education Options

  • Primary Schools:
    • Redbank State School
    • Kruger State School
  • Secondary Schools:
    • Bellbird Park State Secondary College
    • St Peter Claver College
  • Child Care Centres:
    • Goodstart Early Learning Redbank Plains
    • Three additional centres listed on Toddle and CareforKids.

Lifestyle and Amenities

  • Shopping:
    • Redbank Plaza: Featuring retail stores, dining options, and a cinema.
    • Orion Springfield Central (nearby): A large shopping precinct with major retailers.
  • Parks and Recreation:
    • Pan Pacific Peace Gardens: A scenic spot with walking paths and picnic facilities.
    • Close proximity to White Rock-Spring Mountain Conservation Estate.
  • Cultural Highlights:
    • Access to Ipswich Art Gallery and historic sites in the Ipswich area.

Health and Wellbeing

  • Closest Hospitals:
  • Local Healthcare: Numerous medical centres, allied health services, and pharmacies are conveniently located within the suburb.

Community and Employment

Redbank fosters a welcoming community atmosphere with regular events and activities. Key employment sectors include retail, healthcare, education, and manufacturing, with many residents commuting to Brisbane CBD or nearby industrial hubs for work opportunities.


Recent and Planned Developments

  1. Redbank Plains Road Upgrade: Enhancing connectivity and reducing travel times, completion expected in 2025.
  2. Springfield to Ipswich Rail Line Extension: A planned project to improve public transport access, slated for completion by 2030.

For more development projects in Ipswich, [Click here].
For more development projects in South East Queensland, [Click here].


Key Statistics Table

MetricData
Population5,653
Median House Price (2024)$670,000
Median Weekly Rent (Houses)$550
Rental Yield (Houses)4.3%
Education Facilities4 Schools, 4 Childcare Centres
Transport AccessRoad and Rail

Ipswich Buyer’s Agent Introduction

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Conclusion: Why Choose Redbank?

Redbank stands out for its affordability, excellent transport links, and access to essential amenities. With strong community appeal and steady growth, it’s an ideal location for first-time buyers, families, and investors alike. The suburb’s proximity to Ipswich CBD and Brisbane further enhances its desirability.

Ready to make Redbank your next destination? Contact us today to begin your journey!