Red Banks, situated in the Wattle Range region of South Australia, is a rural locality known for its picturesque landscapes and serene lifestyle. The housing market in Red Banks is characterized by its affordability and spacious properties, often appealing to individuals and families seeking a quiet retreat away from the bustle of city life. As of recent years, the demand for properties in rural South Australia has seen some growth, partially driven by a broader trend of people moving away from crowded urban centers, especially following the pandemic. Despite this demand, the market remains relatively stable, with moderate price increases compared to metropolitan areas. Homes here typically range from classic country cottages to modern farmhouses, offering sizable plots of land that appeal to those interested in farming or simply enjoying expansive outdoor spaces.
Living in Red Banks offers a unique blend of tranquility and community spirit. The area is known for its close-knit community, where residents often engage in local events and cultivate a lifestyle grounded in agriculture and outdoor activities. The natural surroundings provide ample opportunities for hiking, bird watching, and exploring local vineyards and farms. Despite its rural setting, Red Banks is within reasonable driving distance to neighboring towns, ensuring access to essential amenities and services. Residents enjoy a slower pace of life, where one can appreciate the natural beauty of the region, coupled with the comforts of a friendly community. This lifestyle has a particular appeal to retirees, families, and individuals seeking a peaceful environment to call home.
| Median Weekly Rent | $ |
| Median Monthly Mortgage | $ |
| Median Persons Per bed houseroom | |
| Average Household Size | |
| Average Age | |
| Average Income | $ |
| Average Cars Per Dwelling | |
| Average Properties Within 50M |
Housing Stock
Download 25 Mbps / Upload 5 Mbps
Thinking about buying in Red Banks? Now could not be a better time, with just 0 residential dwellings it's a highly sought after location.
In Red Banks there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Red Banks due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Red Banks leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Red Banks to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Red Banks the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationNone within suburb boundary
(While the above schools are located with the suburb of Red Banks there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.0 | 12.3 | 28.5 | 29.0 | 90.8 | 4.2 | 26.0 |
| Feb | 0.5 | 12.8 | 28.1 | 31.2 | 90.4 | 3.9 | 21.5 |
| Mar | 0.4 | 9.7 | 24.5 | 35.1 | 93.8 | 3.7 | 16.1 |
| Apr | 1.2 | 8.2 | 21.1 | 42.0 | 95.4 | 3.4 | 11.4 |
| May | 2.2 | 7.1 | 17.0 | 53.8 | 95.6 | 3.8 | 9.0 |
| Jun | 2.2 | 5.5 | 14.4 | 61.3 | 96.3 | 3.7 | 7.2 |
| Jul | 2.7 | 5.3 | 13.9 | 61.3 | 96.4 | 4.2 | 7.5 |
| Aug | 2.3 | 5.0 | 14.6 | 53.6 | 95.5 | 4.4 | 10.2 |
| Sept | 1.9 | 6.8 | 17.4 | 48.4 | 95.0 | 4.8 | 14.4 |
| Oct | 1.3 | 7.8 | 19.6 | 44.9 | 94.1 | 4.2 | 19.0 |
| Nov | 1.1 | 8.9 | 22.6 | 37.3 | 93.7 | 4.1 | 22.6 |
| Dec | 1.2 | 10.6 | 25.8 | 34.1 | 93.1 | 4.1 | 26.3 |
source: Australian Government Bureau of Meteorology
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!