41/12 Kimberley Close Redbank Plains QLD 4301

41/12 Kimberley Close Redbank Plains QLD 4301
3 beds, 2 baths, 140mยฒ townhouse | Redbank Plains, 5 days on market | Direct competitor at $710k | 75% owner-occupied street | 12-day average sell time in suburb This townhouse offers a rare configuration advantage in a high-demand corridor. At 140mยฒ, it is genuinely spacious for a unit-style dwelling, competing directly with the $710k listing at 46/12 Kimberley Close. The 75% owner-occupancy rate on the street signals stable long-term tenure, reducing rental turnover risk. For a buyer seeking a low-maintenance foothold in a suburb where houses sell in 12 days, this property serves as a practical alternative with comparable floor space. The upcoming inspections suggest the vendor is motivated to transact quickly, which may favour a decisive buyer. The primary risk is price positioning. With a direct comparable at $710k and a suburb unit median of $548k, this property sits at a premium that must be justified by condition and finish. The 2021 sale history provides no current leverage, and the 5-day market exposure is too short to gauge genuine demand. The opportunity lies in the suburb’s 73% auction clearance rate and 199 houses sold this yearโ€”indicating deep buyer activity. A buyer should inspect for quality and negotiate firmly below the $710k comparable. Hold this property as a long-term residential base or a low-maintenance rental with solid owner-occupier demand nearby.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

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.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

140mยฒ

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat