Redbank Plains, south west of Brisbane
$344,900 – 3 bed, 2.5 bath, 1+1 parking, 2 living areas
Townhome and land package
The new estate in Redbank Plains, south west of Brisbane, has caught our attention for all the right reasons. It’s well located, it’s really well priced in an area that is in high demand.
It’s currently under construction with settlement scheduled for May 2019.
Redbank Plains will be a 4 minute drive from Springfield once the new road is completed in September 2019. It’s almost equidistant between Brisbane and Ipswich with 30-40 minute drive to each city. It’s a short commute to the Amberley RAAF base and nearby Springfield is being promoted as the alternate city centre to Brisbane.
There’s been massive infrastructure spend with construction of a new hospital, university, shopping centre, schools and day care centres. There is a proposed rail line, train station and Woolworths coming soon.
Projected capital growth in the area in the next 5 years is 6%.
It’s almost unheard of these days to buy a brand new property for under $350,000, but these well designed townhomes are sensational value at just $344,490 for 3 beds, 2.5 baths, 1+1 parking and 2 living areas. The particular design that I’m recommending only has one common wall.
There is a community pool within the estate but with 91 townhomes to share the cost, there is minimal impact on the levies, which sit at $2,500 annually.
Rental estimates on these townhomes is from $320 to $335 per week.
Rental demand in and around Springfield is high. The suburb of Redbank Plains has very low rental vacancy and this estate will have a high percentage of owner occupiers.
With the RAAF base, Brisbane and Ipswich close by, plus Springfield being home to headquarters of major corporates such as GE Queensland, a large hospital and university, demand for good housing will be strong in the surrounding areas.
If this development interests you, please get in touch and we can share more details and discuss whether it meets your investing strategy.
0416 049 226