Redbank Suburb Profile
Victoria 3477

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Redbank has 173 properties. Over the last 5 years, Houses in Redbank have seen a 42.02% increase in median value. As at 30 June 2024:

  • The median value for Houses in Redbank is $265,044.
There are currently 8 properties listed for sale, and no properties listed for rent in Redbank on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Redbank.

The size of Redbank is approximately 136.1 square kilometres. It has 3 parks covering nearly 109% of total area. The population of Redbank in 2011 was 413 people. By 2016 the population was 88 showing a population decline of 78.7% in the area during that time. The predominant age group in Redbank is 70-79 years. Households in Redbank are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Redbank work in a managers occupation. In 2011, 86.5% of the homes in Redbank were owner-occupied compared with 87.3% in 2016..

Suburb Insights for REDBANK 3477

Market Insights
Redbank Trends for Houses
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Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Redbank Trends for Units
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Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age

Population 88

0-9

 

3%

10-19

 

7%

40-49

 

16%

50-59

 

22%

60-69

 

17%

70-79

 

25%

80-89

 

3%

Household Structure
Occupancy

Last Updated: 09/07/2024

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.