Redbank at a glance
3,734
People
$865,000
Median sale
$541/wk
Median rent
3.25%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
$710,000
Last sold
16 Sept 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
450 m²
Land
135 m²
Building
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$710,000
16 Sept 2024 · derived via latest_sale
Local land rate: recorded House sales in Redbank (last 5 years) with land size have a median of $1,322/m² of land (n=74). Districts calculation from recorded sales — not a valuation.
Redbank at a glance
3,734
People
$865,000
Median sale
$541/wk
Median rent
3.25%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Vs Redbank
-17.9%
Median sale
Suburb $865,000
+0.71 pp
Gross yield
Suburb 3.25%
Suburb median $865,000 from 27 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $541/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Redbank at a glance
3,734
People
$865,000
Median sale
$541/wk
Median rent
3.25%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts AssetDiscover exceptional value and versatile appeal with this outstanding property at 61 Milan Road, Redbank. Whether you're an astute investor seeking a reliable rental income or a homeowner in search of a spacious residence, this well-maintained home offers a wealth of features designed to meet diverse needs.
Property Highlights:
Spacious Accommodation: Enjoy four generously sized bedrooms. The master suite is a true retreat, complete with air conditioning, a walk-in robe, and a private ensuite. The three additional bedrooms feature built-in robes and are perfect for family or guests.
Functional Layout: Experience versatile living with two distinct areas. The generous tiled living and dining space flows seamlessly to the covered patio, ideal for entertaining or relaxing. An additional carpeted lounge room provides extra comfort and space.
Gourmet Kitchen: The heart of the home, the beautiful kitchen, is equipped with an electric cooktop and a dishwasher, making meal preparation a breeze.
Outdoor Entertaining: An undercover alfresco area flows effortlessly into a large backyard, creating an ideal setting for outdoor entertaining and family activities.
Comfort Features: Ceiling fans and air conditioning ensure year-round comfort in all living areas.
Security & Privacy: The property includes fly screens throughout for added convenience, a double lock-up garage with remote access, and a fully fenced rear yard providing privacy and security.
Investor Appeal: With its practical layout, desirable features, and appealing location, this property represents a strong investment opportunity. It offers potential for solid rental returns and long-term capital growth.
Homeowner Benefits: For prospective homeowners, 61 Milan Road presents an ideal blend of comfort and functionality, ready to accommodate a growing family or provide a welcoming space for entertaining.
Location Highlights of 61 Milan Road, Redbank
Convenient Access to Major Roads: Situated just minutes from the Centenary Highway, residents enjoy quick and easy access to Brisbane's CBD and surrounding areas. The nearby Ipswich Motorway also provides seamless connectivity to other key destinations.
Proximity to Public Transport: Redbank Train Station is a short drive away, offering efficient rail services for commuters heading into Brisbane or exploring the wider region. Regular bus routes further enhance local transportation options.
Local Amenities: The property is close to Redbank Plaza and other shopping centres, where you can find a variety of retail stores, dining options, and essential services. Convenience stores, supermarkets, and specialty shops are also within easy reach.
Educational Facilities: Families will appreciate the proximity to quality schools, including Redbank Plains State School and Staines Memorial College. These institutions offer excellent educational opportunities for children of all ages.
Recreational Areas: Enjoy the outdoors with nearby parks and recreational facilities. The sprawling nature reserves and playgrounds provide ample space for picnicking, sports, and leisurely walks.
Healthcare Services: Access to healthcare is straightforward with several medical centres and clinics in the vicinity, ensuring residents have easy access to essential health services.
Community Feel: Redbank is known for its welcoming community atmosphere, with local events and activities that foster a sense of belonging and connection among residents.
Future Growth Potential: Redbank is experiencing significant growth and development, with ongoing infrastructure improvements and new developments enhancing the area's appeal and future value.
Don't miss out on this exceptional property. Contact us today to schedule a viewing and explore the potential of 61 Milan Road, Redbank.
Disclaimer:
The information provided herein is based on sources considered reliable, but it is strongly recommended to verify its accuracy independently. Harcourts Asset do not assume responsibility for any inaccuracies or errors in the information provided. Photos are for visual reference only and may not depict current conditions. This includes but is not limited to virtual staging and or furnishings depicted, item removal or photo editing for advertising purposes. Harcourts Asset strongly recommend visiting the property in person for an accurate assessment.
Listing description written by Ratio Rajput, Harcourts Asset — reproduced as published, not verified by Districts.