Considering A Purchase In Redbank Plains? Arrange Your Building Inspections Now!
Organising building inspections in Redbank Plains is a must-do if you’re thinking of buying a home or investment property in the suburb. At just shy of 30km from the Brisbane CBD, Redbank Plains is an affordable entry point to the SEQ housing market and growing steadily as young families move to the area. There are some great opportunities in the area and an expert inspection will help to maximise your investment.
Reasons why you’d consider buy property in Redbank Plains
Statistically, just over 50% of residents in Redbank Plains are couples with children. It’s also a similar portion of the population who are renting, followed then by 34% of residents who are purchasing their property by bank mortgage.
Parts of Redbank Plains have been commissioned by the Queensland Department Of Housing and subsequently the suburb has a reputation for lower than average rental rates. As of December 2015, a home in Redbank Plains can be rented at an average of $330 per week – significantly less than the national average.
The majority of homes in Redbank Plains are older lowset brick and tile, though there are some newer areas too built as land has been released. As the suburb name suggests, parts of Redbank Plains are low-lying and prone to flooding. This makes thorough research of the area, and of course a building inspection with Action Property Inspections, highly recommended.
Suburbs nearby which may also be of interest include Augustine Heights, Swanbank and Collingwood Park.
In the 12 months to December 2015, more than 300 Redbank Plains properties were sold at an average of $310,000, which is far lower than the Queensland average selling price.
Redbank Plains offers great opportunities to families looking to step into Brisbane’s housing market and also to investors looking for growth potential. Transport, shops and other services are handy and accessible, ensuring young families in particular are well catered for. Access to major motorways makes for easy travel between the area and nearby SEQ centres.
Indooroopilly | Kenmore | Mt Crosby | Goodna | Forest Lake | Darra | Inala
What First Home Buyers need to know about Redbank Plains
Redbank Plains is not only affordable but is fast becoming the “Chermside of the South West” – the go to spot for shopping and services. Commission houses keep the prices low but as prices rise, these houses will get “sold off” as they have in booming North East Brisbane suburbs like Banyo and Bracken Ridge. When they go, property values skyrocket as young families move on the investment potential. It’s a risk and it’s a long term consideration for first home buyers. The big first step is knowing if the home is a lemon or a diamond. The first time you buy a home, you’ll feel completely out of your depth. It’s the most important financial decision of your life and you will feel like you’ve no idea what you’re doing. We want to help with that. Our guide to buying a first home is about what to look for in a suburb and on that first walk through. How to quickly rule out the lemons and feel confident that you’re putting in the right offer.
A building inspector who knows Redbank Plains is absolutely necessary
You’d be making a huge mistake if you neglected to arrange a survey by an experienced building inspector who knows Redbank Plains before buying. Due to flood prone areas and black soil, buildings can potentially shift or be hiding past water issues – even if the building looks sturdy to the eye. Thorough building inspections are the only way to have complete peace of mind. Action Property Inspections are experienced in Redbank Plains property.