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.

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