Redbank
With 57.6% of households renting and a SEIFA IRSAD decile of just 2, Redbank sits firmly in the bottom fifth of Australian suburbs by socioeconomic advantage. The median age of 30 is 10 years below the national figure, and 40.2% of residents were born overseas, which is 18.6 percentage points above national. Household income lands in the 32.9th percentile nationally, reflecting the concentration of labourer and machinery operator roles that dominate the local workforce. Despite these constraints, the estimated median house price of $431,000 and rent of $350 per week keep housing costs relatively accessible compared to most southeast Queensland suburbs.
Population
2,931
Median Age
30.0
Household IncomeiMedian weekly household income (ABS Census)
$1,321/wk
DAs (12 months)iDevelopment Applications lodged in the past year
1
Median House
$431K
Estimated from rent (2025)
The estimated median house price of $431,000 makes Redbank one of the more affordable entry points in the Ipswich corridor. Monthly mortgage repayments average $1,500, producing a mortgage-to-income ratio of 26.2%, below the 30% stress threshold, meaning buyers here are not immediately stretched relative to local incomes. The dwelling mix leans toward larger homes: 45.9% have four or more bedrooms and 31.0% have three, well above what typical apartment-heavy suburbs offer. Separate houses make up 68.0% of stock, with semi-detached dwellings at 28.7% and apartments just 3.3%. Only 23.4% of residents own their home outright and 19.0% hold a mortgage, pointing to a market where the majority of occupiers are tenants rather than owner-occupiers.
For Buyers
The estimated median house price of $431,000 makes Redbank one of the more affordable entry points in the Ipswich corridor. Monthly mortgage repayments average $1,500, producing a mortgage-to-income ratio of 26.2%, below the 30% stress threshold, meaning buyers here are not immediately stretched relative to local incomes. The dwelling mix leans toward larger homes: 45.9% have four or more bedrooms and 31.0% have three, well above what typical apartment-heavy suburbs offer. Separate houses make up 68.0% of stock, with semi-detached dwellings at 28.7% and apartments just 3.3%. Only 23.4% of residents own their home outright and 19.0% hold a mortgage, pointing to a market where the majority of occupiers are tenants rather than owner-occupiers.
For Investors
A 57.6% renter share is the defining feature for investors, sitting substantially higher than the national average and signalling persistent rental demand. Weekly rent of $350 against a $431,000 median implies a gross yield around 4.2%, reasonable for the southeast Queensland market. The vacancy rate of 7.7% is elevated and warrants attention, suggesting that supply is not tight and new landlords face real competition. Development activity is low at just 1 application in the past 12 months, so no large pipeline threatens to dilute yields. With an unemployment rate of 10.6%, well above state and national averages, income security among tenants is a risk to model, but the young median age of 30 and large overseas-born share of 40.2% sustain a transient rental cohort.
Development Activity
Total DAs
1
Last 12 Months
1
YoY ChangeiYear-over-year change in DA lodgements
—
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Redbank iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Redbank State School
Prep-6 · 136 students
Demographics
The median age of 30 is 10 years younger than the national median, driven by a high proportion of young families. Overseas-born residents account for 40.2% of the population, which is 18.6 percentage points above the national figure, with Samoan ancestry (341 residents) the third-largest group after English (894) and Irish (207). Samoan is the most common non-English language with 107 speakers, followed by Hindi at 23. University qualifications reach only 16.5%, which is 13.6 points below the national figure, consistent with the manual-occupations employment base. Average household size of 2.7 is marginally above the national figure, and 1,019 couple-families with children represent the dominant household type against 407 couples without children.
Age Distribution
Bedrooms
Dwelling Structure
68.0%
Houses
28.7%
Townhouse
3.3%
Apartment
Tenure
Tenure is unusual: 57.6% of households rent, while just 23.4% own outright and 19.0% carry a mortgage. This renter-majority profile is linked to the suburb's decile 2 IRSAD score, indicating low socioeconomic advantage compared to national benchmarks. The stock is predominantly larger dwellings, with 45.9% having four or more bedrooms and 31.0% three bedrooms, suggesting most renters are families rather than singles or couples. Separate houses dominate at 68.0%, while semi-detached units account for 28.7%. Monthly mortgage repayments of $1,500 and a rent-to-income ratio of 26.5% both sit below the 30% stress threshold, meaning housing costs are not acute for current residents relative to local incomes.
Mortgage / mo
$1,500
Rent / wk
$350
HH Size
2.7
Personal Income / wk
$690
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
7.7%
Unoccupied
82
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
26.5%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
26.2%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
18.5%
Couples, no children
2,204
Total families
Economy & Employment
Healthcare leads local employment at 20.8% of workers (133 people), followed by Manufacturing at 11.9% (76), Retail at 9.1% (58), Transport at 8.8% (56), and Education at 8.6% (55). By occupation, Labourers (212) and Machinery/Drivers (190) are the two largest groups, reflecting the industrial character of the broader Ipswich region rather than a knowledge economy. The unemployment rate of 10.6% is significantly higher than the national average, and the participation rate of 52.7% is low, partly because 726 residents are not in the labour force. Full-time employment among those working is 65.5%, with 682 full-time and 360 part-time workers. The SEIFA IEO decile of 2 confirms low education and occupation advantage relative to national norms.
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
65.5%
Part-time
23.9%
Participation
52.7%
Employed
1,042
Occupations
Top Industries
University
16.5%
Postgraduate
3.7%
Born Overseas
40.2%
Dwellings
973
Transport to Work
Car dependency is high at 83.8% of commuters, well above the national average, which reflects the limited public transport options for a suburb of this density (352 residents per km2). Only 5.0% use public transport and 1.7% walk or cycle to work. No schools are recorded inside the Redbank boundary in this dataset. The IRSAD decile of 2 indicates low relative advantage nationally. Crime data is not available for this suburb. Of the 2,931 residents, 214 (8.0%) need daily assistance, which is above the typical national rate and consistent with a lower socioeconomic profile. Volunteering sits at 9.7% of the population. The rent-to-income ratio of 26.5% keeps housing affordable for renters relative to incomes, though the 10.6% unemployment rate means income stress is a real factor for a portion of households.
Drive
83.8%
Public Transport
5.0%
Walk / Cycle
1.7%
Work from Home
N/A
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Redbank compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Redbank a good suburb to live in?
Redbank offers affordable housing with an estimated median house price of $431,000 and monthly mortgage repayments of $1,500, below the 30% stress threshold. However, the suburb ranks in SEIFA IRSAD decile 2, meaning it sits among the bottom 20% nationally for socioeconomic advantage, and the unemployment rate is 10.6%, above national norms.
What is the median house price in Redbank?
The estimated median house price is $431,000, with weekly rent averaging $350. Monthly mortgage repayments run approximately $1,500, representing a mortgage-to-income ratio of 26.2%. This keeps Redbank more affordable than many southeast Queensland suburbs by this measure.
What schools are in Redbank?
No schools are recorded within the Redbank suburb boundary in this dataset. Families typically access schools in surrounding Ipswich region suburbs. The local university qualification rate of 16.5% is 13.6 points below the national figure, reflecting the area's trade and manual occupation base.
Is Redbank safe?
Detailed crime statistics are not available for Redbank in this dataset. The suburb scores SEIFA IRSAD decile 2, placing it in the bottom fifth nationally for socioeconomic advantage. Higher disadvantage areas nationally tend to experience above-average property crime rates, though direct suburb-level data is absent here.
Is Redbank good for property investment?
The 57.6% renter share and $350 weekly rent against a $431,000 median suggest a gross yield of roughly 4.2%, reasonable for the corridor. However, a 7.7% vacancy rate is elevated. The unemployment rate of 10.6% is a risk factor, though the young median age of 30 and 40.2% overseas-born population sustain rental demand.
How is Redbank's population changing?
Redbank's population of 2,931 has a median age of 30, which is 10 years below the national median. Residential turnover is high at 29.9% mobility in five years. The 40.2% overseas-born share, 18.6 points above national, points to continued migration inflows as the primary driver of demand in an otherwise low-growth setting.
What languages are spoken in Redbank?
With 40.2% of residents born overseas, well above the national figure, Redbank has notable linguistic diversity. Samoan is the most spoken non-English language with 107 speakers, followed by Hindi with 23. Samoan ancestry (341 residents) is the third-largest ancestry group, behind English (894) and Irish (207).
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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