Where city meets nature, Banksia Heights offers a truly special address.
Located in the developing suburb of Redbank, the proposed Banksia Heights masterplan welcomes 46 lots of land estate. Only a 30 minute drive to Brisbane CBD & 35 minutes by train and bus, this unique estate is sure to be snapped up fast.
THE PROJECT Land lots range in size from 402 – 706 sqm. Buyers can also choose between a number of house and land packages, most of which include four-bedroom homes. Traditional and dual-key options are available, meaning that Banksia Heights may appeal to investors.
THE LOCATION Banksia Heights is located at 11 Henderson Street, Redbank. A growing suburb, Redbank is expected to continue to expand over the coming years, in part due to the increasing amounts of estates in and around the suburb, but also due to the approval of a new Defence Department facility.
Residents at Banksia Heights will also be located close to a number of schools and childcare centres. These include Kruger State School, Collingwood Park State School, Redbank Plains State High School (Queensland’s newest secondary state school), Bellbird Park State Secondary College, Staines Memorial College and, of course, the Goodstart Early Learning Centre just down the road.
There are a number of public transport options for residents of Banksia Heights. Within a 10-minute walk, there are seven bus stops. Goodna train station is a nine-minute drive away, whilst the Redbank train station is about a five-minute drive away. All of these forms of public transport can be used to get into the Brisbane CBD in about 40 minutes.
LAND DETAILS The lots at Banksia Heights average out to be approximately 467 sqm, but can be as large as 706 sqm. Most lots range between 402 and 594 sqm, with frontages ranging between 13.4 and 35.16 (some lots have little frontage with just a driveway sized entrance to their lot). It’s worth noting that lots 26, 27 and 28 are accessed from the neighbouring development on Priestly Place, not the centre road as most other lots are.
FLOOR PLANS There are a number of different house and land packages available, which means that there are a number of different floor plans. However, most of the houses available are four-bedroom houses, with double-car garages. In the case of the houses that are dual-key, the houses are split into one-bedroom flats and three-bedroom houses.
INVESTMENT ANALYSIS The weekly median advertised rent is $330, which means that investors can expect a 5.61% gross rental yield (which is above the national average of 4.24%). This means that Banksia Heights may be an ideal investment for those who want to buy a long-term, high-return investment property.
NEIGHBOURING PROJECTS The closest project to Banksia Heights is called Verona Estate, and it is located a few blocks away. There are expected to be many more over the coming years, as the suburb continues to expand.