Goodna vs Redbank, true annual running costs compared 2026
Last updated July 2026 · council rates 2026-27 (QLD), ATO 91c/km, Translink fares, AER electricity benchmarks
Goodna and Redbank are both Ipswich City Council suburbs, sitting 20.4 km and 21 km from Brisbane CBD respectively, and are commonly compared by buyers weighing up running costs within the same council area.
The two sit within $199 a year of each other to run, so running cost is a minor factor here. The decision comes down to schools, risk and lifestyle, all in the free report.
Over 10 years the gap between these two is about $2,300, about $4 a week, and most of it is the AI-estimated insurance line.
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Redbank
Annual cost breakdown
| Category | Goodna | Redbank | Difference |
|---|---|---|---|
| Council rates Official, 2026-27 | $1,298 | $1,298 | - |
| Water & sewerage Official, 2026-27 | $1,900 | $1,900 | - |
| Commute (driving) Modelled, 2026-27 | $5,311 | $5,412 | -$101 |
| Commute (public transport) Modelled, 2026-27 | $192 | $192 | - |
| Home insurance Estimated | $2,450 | $2,150 | +$300 |
| Body corporate (unit) Estimated | $2,200 | $2,200 | - |
| Total (driving) | $10,959 | $10,760 | +$199 |
| Total (public transport) | $5,840 | $5,540 | +$300 |
Totals exclude electricity, estimated separately below. Green = cheaper. Commute: ATO 91c/km, 220 working days. Insurance estimated from ACCC premium rates; actual premiums vary. Council rates: minimum residential general rate (QLD).
| Dwelling | Goodna | Redbank | Difference |
|---|---|---|---|
| House | $2,135 | $2,135 | - |
| Unit | $1,776 | $1,776 | - |
Estimated from AER residential benchmarks for each suburb's climate zone at 2026-27 regulated prices for each suburb's electricity network, including supply charge (AER Default Market Offer caps, or the QCA price in regional Queensland; unit ≈ 75% of a house). Get the free report for a breakdown by your exact number of occupants.
Cost breakdown chart
Annual cost breakdown, Goodna vs Redbank (2026-27)
What the numbers show
Goodna and Redbank differ by $199 a year by car, but $300 of that is the building insurance estimate rather than a published figure. On the sourced costs, council rates, water and the commute, the gap is $101, so neither suburb is named cheaper here.
The biggest single gap is home insurance at $300 per year. Goodna carries high flood risk, which pushes estimated premiums higher.
On public transport the gap is $300 per year, $5,840 from Goodna versus $5,540 from Redbank.
Where the difference actually comes from
- Council rates is identical at $1,298 a year.
- Water and sewerage is identical at $1,900 a year.
- Driving commute favours Goodna by $101 a year, $5,311 against $5,412.
- Building insurance favours Redbank by $300 a year, $2,150 against $2,450.
Both suburbs sit in the same council area, so the rates line is identical and none of the difference between them comes from council. What separates them is commute distance and the insurance band.
Flood risk is rated high in Goodna against low in Redbank, which feeds the insurance estimate.
10-year cumulative cost projection
| Year | Goodna cumulative | Redbank cumulative | Difference |
|---|---|---|---|
| Year 1 | $10,959 | $10,760 | $199 |
| Year 3 | $33,873 | $33,258 | $615 |
| Year 5 | $58,183 | $57,126 | $1,057 |
| Year 10 | $125,633 | $123,351 | $2,282 |
Assumes 3% annual cost growth. Excludes purchase price, mortgage, and personal expenses.
Frequently asked questions
Is Goodna or Redbank cheaper to live in?
Neither is named cheaper. Goodna runs $10,959 a year by car and Redbank $10,760, but most of the $199 difference is the building insurance estimate rather than a published figure. On council rates, water and the commute, which are sourced, the gap is $101. Source: SuburbCost 2026 data.
What are council rates in Goodna and Redbank?
Annual council rates for a house are $1,298 in Goodna (Ipswich City Council) and $1,298 in Redbank (Ipswich City Council). Water and sewerage adds $1,900 in Goodna and $1,900 in Redbank. Both figures are the minimum residential general rate; properties on higher land value pay more.
How does the commute cost compare between Goodna and Redbank?
Annual driving commute costs are $5,311 from Goodna and $5,412 from Redbank to Brisbane CBD (ATO 91c/km). Public transport costs $192 from Goodna and $192 from Redbank.
What is the 10-year cost difference between Goodna and Redbank?
At 3% annual cost growth, Goodna costs a cumulative $125,633 and Redbank costs $123,351 over 10 years by car. The cumulative difference is $2,282 in favour of Redbank. Excludes purchase price, mortgage, and personal expenses.
Which of Goodna and Redbank suits you better?
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Sources: Ipswich City Council and Ipswich City Council rate data, water utility pricing (QLD: Queensland Urban Utilities / Unitywater; NSW: Sydney Water / Hunter Water), ATO 91c/km, and SuburbCost insurance estimates from ACCC premium rates. Data updated July 2026.