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.
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| Average Income | $ |
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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.
None 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
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