Brisbane's cheapest at Redbank Plains with $230,000 weekend sale

Brisbane's cheapest at Redbank Plains with $230,000 weekend sale
Andrea DixonOctober 5, 2014

Brisbane’s least expensive residence to sell at weekend auction was a house in Redbank Plains, near Ipswich on Brisbane’s outer ring suburbs.

Australian Property Monitors reported that the three-bedroom 1970s-built home at 42 Flinders Street exchanged for $230,000 through the Professionals Thornton.

The solar powered house on 967 square metres of land last sold in 2005 for $190,000.

The median sale price for a house in Redbank Plains was at $309,000 in early 2014, up from $275,000 in early in 2012.

Between 2012/13 the median growth in the suburb was 3.4%

RP Data shows the median weekly rental is $320.

Other recent house sales in Flinders Street included a three-bedroom house, which sold in July for $282,000. In May another house sold for $275,000 while in February a house sold for $235,000, which was last rented for $270 a week - the continual figure since 2008 despite new leases - reflecting a yield of nearly 6% for an investor.

Editor's Picks

Mirvac to transform old motel into apartments in Brunswick as Prince & Parade construction kicks off
"One of Australia's premier beach destinations": Inside Chapter Two's Holm Rainbow Bay apartments
Where to buy in Palm Beach in 2025
Construction commences at Devine's luxury Burleigh tower, Burly Residences
Every First Home Owner Grant for new property by state