Redbank Plains - Brisbane City side of  Ipswich - house & land property information

House and Land packages available on this site. Both 3 and 4 bedroom homes will be ready for  your tenants to move into.

Prices from $370,000 to $420,000.Please contact us for for details of available packages as it impossible to give details on each housing lot as the number available is changing every day!

Redbank Plains is located about 32 kilometres west of the Brisbane CBD within the City of Ipswich. Ipswich City continues to go from strength to strength. The revitalising of Ipswich is considerably well progressed with the coming five years expected to result in a robust City underpinned by some of the best education, employment and housing opportunities in the State. Ipswich continues to attract high numbers of new residents coupled with Local, State and Federal funding of landmark infrastructure projects which support the increasing demands of the population base and the wider community. As the market experiences unrelenting demand and price growth, and continues to establish new residential development markets star performers are emerging. One of the best performing locations within Ipswich City over the past two years has been Redbank Plains.

Retail and recreation
Redbank Plains is well served for retail needs with the Redbank Plains Shopping Village and neighbouring Redbank containing the 40,000sqm Redbank Plaza which counts among its tenants Coles, K-mart, Target and Reading Cinemas as well as over 100 specialty retailers and 200 car spaces. The expansive Redbank Plains Reserve fulfils something of a recreational centrepiece for the suburb, and includes provision for soccer, baseball and skating. The area abounds in open space, with eight major parks and reserves in direct proximity. The area is also near the golf courses of Redbank Plains and the Greg Norman designed Brookwater Golf Club at Springfield.

Education
Despite the suburb’s emerging status, there are already seven schools in the vicinity of Redbank Plains including public primary and state schools as well as private colleges. Greater Ipswich is home to some 90 schools and is also the site of the University of Queensland Ipswich campus, the Springfield campus of the University of Southern Queensland and two Institutes of TAFE.

Development
Under the Regional Plan for SEQ, Ipswich will play a key strategic role in delivering economic and employment growth for the western sub region of South East Queensland. Many infrastructure projects and traffic improvement projects have also been undertaken to facilitate this goal bringing immediate benefit to the area. In all, it is predicted that Ipswich will create a potential 120,000 new jobs over the next 20 years, given the abundance of projects at Swanbank Enterprise Park, Bremer Business Park and Ebenzer Industrial Park. The local market also enjoys significant spin off effects from the development of Greater Springfield, a 2800 hectare ‘start up city’, the largest master planned community in Australia including the regional Orion Shopping Centre. The Orion Shopping centre is one of Australia’s largest Shopping Centres and is twice the size of Brisbane’s Indooroopilly Shopping town. The first stage of Orion has been completed with BIG W and Woolworths as the anchor tenants together with a myriad of specialty stores.
The State Government has also committed to nine key road network projects involving
• Ipswich Motorway, the Centenary Highway, the Cunningham Highway and the development of the Springfield passenger rail line. 
 

Redbank Plains at a glance
• Ipswich is in the midst of a population boom. The last year saw above average growth, with the population increasing by over 4,000 people reflecting growth in the order of 3%.
• Ipswich East, the area containing Redbank Plains, has been the engine that has driven this growth, with the strength of this area in attracting new residents especially evident over
• last year.
• Dynamic growth in the area’s population has translated into strong median house price growth over the past five years.
• New homes within Redbank Plains are priced between $314,000 and $440,000 with an average price of $377,000. New homes within Redbank Plains are currently achieving a 30% premium over the average price of established homes in the area
• The rental market has also enjoyed particularly dynamic rental growth, with median rents rising by 9% per annum over
• last five years.
 
 
Population and Population Growth
Ipswich is in the midst of a population boom. The City has grown by an average of over 3,700 residents at a rate of about 2.8% per annum over the last five years. The last year saw above average growth, with the population increasing by over 4,000 people reflecting growth in the order of 3%. Ipswich East, the area containing Redbank Plains, has been the engine that has driven this growth, with the strength of this area in attracting new residents especially evident over the last year. Since 2001,
• area has grown by over 5% (5.5%) per annum, accounting for approximately 65% of the city’s population growth. The Ipswich East area also saw continued popularity over the last year, with the population expressing a growth rate in excess of 6%. Over 3,000 residents were added to the population over 2006, representing demand for about 1,000 dwellings.

Redbank Plains House Market
Dynamic growth in the area’s population has translated into strong median house price growth over the past five years. The broader Ipswich market has seen prices increase by an average 23% per annum over the past five years, with this result mirrored in the local area. Over the last year, the local area’s growth has followed a similar pattern as Ipswich City, growing by approximately 8% over the past year.

New Housing activity
For most of the past five years, the market has walked a fine line between being adequately served and undersupplied for new stock. The market has seen land values achieve growth of 25% per annum over the last five years, with the last three years recording total growth of 46% per annum. New homes within Redbank Plains are priced between $314,000 and $440,000 with an average price of $377,000. New homes within Redbank Plains are currently achieving a 30% premium over the average price of established homes in the area.

Vacant Land
Demand for vacant land within Redbank Plains continues to be strong, with 126 sales recorded from January to September 2007, at an average price of $148,000 (across an average size of 590m²). Over the past five years, the price of vacant in Redbank Plains has increased by $36,000 or $7,200 per annum. With land availability throughout the south-east of Queensland continuing to decline, we anticipate continued price growth within the area across the medium term.

Rental Market
The immediate rental market is experiencing a similar story of strong demand and limited supply, with 31 homes currently vacant. The rental market has also enjoyed particularly dynamic rental growth, with median rents rising by 9% per annum over the last five years. Rents for new homes in the area are currently achieving between $300 and $315 per week. New three-bedroom homes in the area are showing a whopping 19% premium over established three-bedroom homes, with four-homes recording an equally enviable premium