Redbank Plains

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Redcape Hotel Group announced that it has exchanged contracts to acquire the Pig ‘N’ Whistle Hotel in Queensland's Redbank Plains for a total purchase price of $11.5m, before transaction costs. 
The acquisition will take the Redcape portfolio of assets to 33. 
It is a leasehold hotel located in the LGA of Ipswich.
The venue is a top-ranking Queensland gaming venue with a good food and beverage operations. 
Redcape Hotel Group CEO Dan Brady said, “While our growth strategy is predominantly focused on freehold assets with alternate land optionality, we also have the appetite to pursue quality value accretive leasehold opportunities that meet our investment criteria and align with our objective of growing and diversifying our earnings.” 
“The acquisition will further Redcape’s exposure to the region’s strong projected growth and enable us to positively contribute to Ipswich’s diverse and close-knit community through the provision of jobs, early career training, and quality hospitality experiences.” 
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Redcape Hotel group acquires the Redbank Plains Pig ‘N’ Whistle

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A two bedroom two bathroom Redbank Plains, Qld house has been listed by its mortgagee.
Situated at <a href="https://www.realestate.com.au/property-house-qld-redbank+plains-129870966" target="_blank">72 Glorious Promenade, Redbank Plains </a>the home is set for a December 15 auction.
Set on 159 sqm the house features a one car garage.
The listing notes that the home has is relatively new and has only been lived in for two years.
The home is located a short walk to nearby shops, bakery, parks and new primary school.
Last sold in 2016 for $275,000, the property was recently listed for over a year previous to this current auction campaign for $289,000.
The median price for a home in <a href="https://www.urban.com.au/expert-insights/buying/4435-redbank-plains-qld" target="_blank">Redbank Plains</a> is $335,000, according to CoreLogic data.
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Two bedroom Redbank Plains home listed by mortgagee

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A two-storey townhouse in Redbank Plains has been sold by mortgagees for $200,000.
The sale price was lower than it last three sales - $225,000 in 2015; $270,000 in 2010 and $205,000 in 2007.
It was sold by Tracey Siccama from One Agency. 
This<a href="https://www.realestate.com.au/sold/property-house-qld-redbank+plains-126468618" target="_blank"> Henty Drive townhouse</a> came with three bedrooms, a large open planned living, dining and kitchen area, a separate laundry and single lock up garage.
Redbank Plains Town Square Shopping Centre and Redbank Plains High school are within walking distance.
It had been up for rent this time last year at $310 a week.
According to CoreLogic, the median Redbank Plains house price sits on<a href="https://www.urban.com.au/expert-insights/buying/4435-redbank-plains-qld" target="_blank"> $333,000</a>. 
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