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ABS 2021 Census · Updated 21 May 2026
Redbank is a regional centre in Western Australia, Australia, with a population of approximately 48, making it a boutique locality. Located approximately 1320 km from the Perth CBD, Redbank is a regional area in Western Australia. The median household income is $81,224 per year.
Household incomes in Redbank sit in a comfortable mid-range for the Western Australia market. Distance from major centres is a consideration, though regional markets can offer higher rental yields.
Official Australia Post postcode for Redbank. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Redbank on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Redbank is a smaller community of 48 — about 1% of the Western Australia suburb median (5,605) — so investors should factor in the narrower buyer pool and longer average time-on-market. Household income of $81,224/year is 19% below the Western Australia median of $99,736, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Median rent of $200/week (~$867/month) covers only 58% of the median mortgage of $1,490/month — the remaining $623/month must be funded from other income, so this suburb tilts toward capital growth rather than yield. Redbank is 1320 km from Perth, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
How Redbank stacks up against the median of all Western Australia suburbs in our dataset. Positive values mean Redbank sits above the state median; negative means below.
| Metric | Redbank | WA median | Δ vs state |
|---|---|---|---|
| Population | 48 | 5,605 | -99% |
| Median household income | $81,224/yr | $99,736/yr | -19% |
| Median rent (weekly) | $200 | $350 | -43% |
| Median mortgage (monthly) | $1,490 | $1,902 | -22% |
| Distance to CBD | 1320 km | 20 km | +6500% |
| Separate houses | 67% | 79% | -12pp |
Pre-inspection briefing for Redbank — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 48 means liquidity is thin and capital growth tends to lag the wider Western Australia market over full cycles.
Weak cash flow: $200/week rent covers only 58% of the $1,490/month median mortgage — a $623/month gap that must be funded from other income. This suburb is a capital-growth play, not a yield play.
Only 67% of dwellings are separate houses (vs 79% WA median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Redbank property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Redbank are modest for 2026 — incomes 19% below the WA median of $99,736 and a population of 48 suggest gains will lag headline metro markets. Rental coverage runs at ~58% of the typical mortgage ($867/month rent vs $1,490/month repayment), meaning investors will rely on capital growth rather than yield. The EquitySight investment score of 34/100 places Redbank in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
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Redbank scores 34/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 48, median household income of $81,224/year and median weekly rent of $200. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Redbank are a median household income of $81,224/year, a dwelling mix that is 67% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Redbank has a usual resident population of approximately 48, compared with a Western Australia suburb median of 5,605 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Redbank sits 1320 km straight-line from the Perth CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
The most recent census recorded a median weekly rent of $200 in Redbank, equating to approximately $10,400/year in gross rental income (state median $350/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Redbank is $1,490, or approximately $17,880/year (vs $1,902/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $200 works out to $867/month, covering 58% of the median mortgage repayment of $1,490/month. That leaves a $623/month shortfall (around $7,476/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (48 residents), interest-rate sensitivity on the $1,490 median mortgage, below-median household incomes ($81,224 vs $99,736 state median), the broader Western Australia market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.