72 Alawoona Street, Redbank Plains QLD 4301

72 Alawoona Street, Redbank Plains QLD 4301
4 beds on 1,040m² | 3-car capacity | older detached house | family/investor appeal | single-bath constraint A large residential block of 1,040 square metres is offered with a four-bedroom detached house, three car spaces, and a single bathroom. This configuration is rarely seen in newer suburban stock, which tends toward smaller lots and more bathrooms. The property is positioned in a street that blends older, generous lots with modern infill homes, and the land area is the standout feature. It serves best a buyer who prioritises space, parking, or storage over turnkey presentation. The older character and single-bath layout might be viewed as an opportunity for a renovation or extension, while the land itself is considered a tangible long-term advantage. The value is likely to be influenced by the condition of the original building and the single bathroom, which could limit comparison with renovated family homes. The large block is seen as having potential for future redevelopment or subdivision, subject to council zoning. Presentation and any recent updates are expected to play a decisive role in how the property is perceived. The absence of a second bathroom is a reasonable trade-off for a buyer focused on land and parking.
Detailed Independent Property Report prepared  by PropCred Analyst team for 72 Alawoona Street, Redbank Plains QLD 4301
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ✓
Income Risk ✓
Execution Risk ! 1
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Market Insight

Redbank Plains, 28km from Brisbane’s CBD, is a family-oriented market where 46% of households are couples with children and 36% of residents are under 19, driving demand for four-bedroom houses, the most-traded segment at 142 sales. House prices have risen 15.4% annually to a $780,000 median, with units up 15.8% to $543,000; houses sell in about 35 days, reflecting firm absorption. With 514 house sales over the past year and houses dominating 85% of tracked transactions, buyer activity is robust, supported by a large renter pool—58% of residents—feeding investor demand for the 3.6% house yield and $600 weekly rent. Future growth hinges on continued family formation and Brisbane spillover, but the median house price sits below Queensland’s $845,870 average, offering relative affordability; the high rental share also signals persistent affordability pressure and rate sensitivity that could temper price momentum.
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PropCred Estimated Value

Comparable Sales: 68 Alawoona Street sold for $730,000; 111 Alawoona Street sold for $830,000 | Property Price Band: $800K–$900K | Value Drivers: land size, condition, parking capacity

Bedrooms

4

Bathroom

1

Parking

3

Land

1040m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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