Redbank Plains (QLD 4013) in Focus 2026: $870,000 Median, 3.8% Yield & 50/100 R-Score

Market Classification: High-Supply Growth Corridor (Street Selection Critical) · R-Score: 50/100 (National Rank #7,698 of 15,286) · Street Average: 29/100 across 353 streets.

On the surface, Redbank Plains attracts heavy buyer attention because of its $870,000 entry point and modern housing stock. However, council-wide building approvals in Ipswich are running at 4.2% of existing stock. In high-supply corridors like this, buying a generic new-build on the fringe exposes you to years of competing stage releases. The only way to outperform the Redbank Plains median is to buy established homes on tightly held, 75–100 scored owner-occupier streets where land is already built out.

Below is our full September 2026 quantitative and street-level breakdown for Redbank Plains (QLD 4013), combining 36 months of settled price and rental history from our Aurora research warehouse, council-level supply and employment data for Ipswich (QLD), and block-by-block ABS 2021 Census SA1 tenure and yield rankings across 11,245 residential addresses.

1. Redbank Plains (QLD) 3-Year Market Trajectory & 27-Indicator R-Score (September 2026)

Over the past 12 months, Redbank Plains’s median house price moved +20% (from $725,000 to $870,000), bringing its 3-year cumulative price movement to +57% (from $554,000 three years ago). On the rental side, median weekly asking rents moved +6.7% over the past year to $640/wk (+53.1% over 36 months), equating to a 3.8% gross rental yield. Compared with 12 months ago—when Redbank Plains carried an R-Score of 69/100—its current composite R-Score of 50/100 represents a -19-point shift in underlying market pressure.

Indicator / R-Score Pillar	Redbank Plains (QLD) Current	12-Month / 36-Month Context
Composite Suburb R-Score	50 / 100	Ranked #7,698 of 15,286 suburbs (was 69/100 12m ago)
Median House Price	$870,000	12m change: +20% · 36m change: +57%
Median Weekly Rent & Gross Yield	$640/wk (3.8%)	12m rent change: +6.7% · 36m rent change: +53.1%
Rental Vacancy & Days on Market	2.9% vacancy	Median selling time: 82 days on market (1.5% vacancy is the tight-market line)
Pillar 1: Buyer Demand	24 / 100	Measures days-on-market compression, vendor discounting & sales velocity
Pillar 2: Supply & Ownership	31 / 100	Measures stock on market, building approvals vs stock & owner-occupier share
Pillar 3: Price Momentum	57 / 100	Measures short/medium-term price velocity vs Ipswich & QLD
Pillar 4: Yield Pressure	58 / 100	Measures gross rental yield, rent trajectory & vacancy compression

2. The “Two-Speed Suburb” Test: Best & Worst Streets in Redbank Plains (QLD)

Why do two 4-bedroom houses in Redbank Plains achieve completely different bank valuations and tenant quality? Because suburb medians blend every pocket together. When we map all 11,245 addresses across 353 streets in Redbank Plains through G-NAF to their ABS 2021 Census SA1 blocks, the suburb splits into three distinct tiers:

• Strong Street Profile (Score 75–100): 40 streets (14% of scored streets) pass both ABS Census tenure tests (owner-occupiers >65% and public housing ≤5%) plus at least one—or both—of the Redbank Plains rent and yield benchmarks.
• Mid / Mixed Street Profile (Score 50–74): 7 streets pass the core owner-occupier and public-housing thresholds but sit below the suburb median on weekly rent or yield.
• Weaker / Caution Street Profile (Score 0–25): 244 streets fail one or both census tenure thresholds—meaning either owner-occupation sits at or below 65% or state/community public housing exceeds 5% on those specific SA1 blocks.

Top 5 Highest-Scoring Streets in Redbank Plains (QLD)

These streets sit in SA1 census blocks with high homeowner pride of ownership, minimal social housing concentration, and strong block-level rents (inspect all 353 streets in Redbank Plains):

Top Street in Redbank Plains	Street Score	Addresses	Owner-Occupiers	Public Housing	SA1 Rent & Yield
#1 Elmore Street	100/100	26	80%	3.4%	$660/wk (6.1%)
#2 Kirton Street	100/100	22	80%	3.4%	$660/wk (6.1%)
#3 Coldham Street	100/100	17	80%	3.4%	$660/wk (6.1%)
#4 Cobbin Circuit	100/100	31	66%	0%	$635/wk (4.2%)
#5 Holterman Crescent	100/100	19	66%	0%	$635/wk (4.2%)

Streets Where Block-Level Tenure Trails the Redbank Plains Average

By contrast, the streets below run through SA1 census blocks that fail one or more of our tenure or rental tests. A lower Street Score is not a judgement of any individual house, but it highlights where higher renter turnover or public housing concentration exists within Redbank Plains:

Caution Street Sample	Street Score	Addresses	Owner-Occupiers	Public Housing	SA1 Median Rent
Lillian Street	0/100	87	24%	14.7%	$580/wk
Ryan Road	0/100	74	24%	14.7%	$580/wk
Bruce Street	0/100	31	24%	14.7%	$580/wk

3. Economic & Supply Drivers in Ipswich Council (Queensland)

Redbank Plains sits within the Ipswich Local Government Area, which has a residential population of approximately 268,272 (+10.8% population movement over the past 3 years) and 72,808 total dwellings. Three council-level fundamentals shape Redbank Plains’s medium-term outlook:

• Local Employment Diversity (ABS Census): The largest employment sectors across Ipswich are Health Care and Social Assistance (14%), Manufacturing (12%), Education and Training (11%), Retail Trade (11%). Multi-sector employment reduces reliance on any single employer or commodity cycle.
• New Building Approvals vs. Existing Stock: Over the latest 12-month financial year, Ipswich approved 4.2% new dwelling stock (~3,512.246 dwellings). Because new approvals exceed 1.8% of stock, investors in Redbank Plains must avoid generic greenfield house-and-land pockets and stick to established, built-out streets.
• Tracked Infrastructure Pipeline: Ipswich currently has $1.9 billion in tracked major infrastructure projects (placing it in the 55th percentile of Australian councils).

4. Worked Cashflow, Deposit & 80% LVR Stress-Test for Redbank Plains (September 2026)

What does it actually cost to acquire and hold a typical house in Redbank Plains at today’s median price of $870,000 and median rent of $640/wk? Below is the baseline 80% Loan-to-Value Ratio (LVR) model we use to stress-test serviceability before shortlisting a property:

Cashflow & Capital Item	Redbank Plains Worked Figure	Assumptions & Notes
Purchase Price (Suburb Median)	$870,000	Settled house median as of September 2026
20% Deposit + Est. Stamp Duty & Costs	$215,760	$174,000 deposit (80% LVR) + ~$41,760 stamp duty, legal & inspection allowance (can be funded via usable home equity)
80% LVR Loan Amount	$696,000	Standard no-LMI investor loan threshold
Gross Annual Rental Income	$33,280/yr ($640/wk)	3.8% gross rental yield before vacancies and expenses
Est. Annual Interest + Operating Costs	$53,070/yr	Assumes 6.25% interest-only ($43,500/yr) + ~1.1% for council rates, insurance & property management ($9,570/yr)
Pre-Tax Weekly Cashflow Position	-$381/wk top-up	Before tax deductions / depreciation (confirm post-tax position with your accountant)

5. Who Should Buy in Redbank Plains—And 3 Rules Before You Make an Offer

Strong Buyer Activity Meets an Active New-Build Pipeline. Based on our September 2026 data, Redbank Plains is best suited to equity-backed homeowners and portfolio builders seeking a balanced entry price ($870,000) and 3.8% rental yield in QLD.

1. Never Buy Blind on the Suburb Median: In Redbank Plains, 244 streets score below 50/100 on our census tenure and yield tests. Always run the exact street through the Redbank Plains Street Score Hub and target the 40 streets scoring 75–100/100.
2. Check Lot-Level Overlays (Flood, Bushfire, Slope & Easements): Even on a 100/100 streetlike Elmore Street, individual lots can carry overland flow paths, steep gradients, or sewer easements that restrict granny-flat additions or spike insurance premiums.
3. Price Against Street-Matched Settled Comparables: Do not let a selling agent justify an asking price on a 25/100 street using comparable sales from a 100/100 street. Compare settled sales within the same SA1 Street Score band.