15/32 Warrill Street, Redbank Plains QLD 4301
15/32 Warrill Street, Redbank Plains QLD 4301
3-bed townhouse | complex with proven growth | school catchment | quick turnover market
The property sits within a complex that has demonstrated exceptional capital growth, with recent sales showing annual gains between 12 and 35 percent across similar three-bedroom units. This positions the townhouse well for buyers seeking a property in a market with strong momentum, supported by a 73 percent auction clearance rate and an average of just 12 days on market for three-bedroom homes in Redbank Plains. The internal layout, with air conditioning, ceiling fans, and mirrored built-in wardrobes, is competitive for its segment. The property is best suited to owner-occupiers or investors targeting the high-demand young family and professional demographic that dominates the area, where 48 percent of residents are aged 20 to 39 and 34 percent are under 20.
The primary risk is that the property offers only one parking space, which may limit appeal for households with multiple vehicles in a car-dependent suburb. Buyers should verify whether the balcony in the main bedroom is private and usable, as this feature can be a differentiator but may vary between units. The opportunity lies in the complex’s strong recent sales trajectory and the fact that 80 percent of residents are owners, suggesting a stable community. The property’s proximity to Fernbrooke State School at 0.4 kilometres and Staines Memorial College at 0.7 kilometres adds to its appeal for families, while the quick turnover in the suburb reduces holding risk for buyers planning to resell within a few years.
Detailed Independent Property Report prepared by PropCred Analyst team for 15/32 Warrill Street, Redbank Plains QLD 4301
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Redbank Plains is a high-growth, family-oriented suburb positioned as an affordable entry point, with a median house price 11% below the state average. Demand is driven by young families, evidenced by 46% of households being couples with children and 36% of the population under 19, seeking 4-bedroom homes which dominate sales. The market is active and competitive, with median house prices rising 15.4% annually and properties selling in approximately 27 days. Future growth is supported by strong rental demand (58% renting), though this high investor presence and rate sensitivity present a key market constraint.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
141m²
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