FULL LIST: Cheapest and most expensive streets in Ipswich
It’s a tale of two cities in Ipswich, with the divide between the most expensive and cheapest street values differing by up to $1.65 million. Based on recent sales, the rich and bargain streets can be revealed. Full list.
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Homes across Ipswich have surged in price since the Covid-19 pandemic hit Queensland in early 2020, with suburbs seeing an increase of up to 29.3 per cent.
Ipswich Real Estate agent Mitch Edwards said he had not seen a market like the current one since the global financial crisis of 2007 to 2008.
“In 2007, we saw extreme growth. This market now is very much a replica of what we saw then,” Mr Edwards said.
“But we’re not expecting a crash like what happened in 2008 with the global financial crisis. We just see things continuing to rise.”
Mr Edwards said houses in previously unpopular suburbs were selling as quickly as houses in traditionally popular suburbs, and prices were increasing across the board.
“There’s just such a shortage in stock that even unlikely suburbs are getting huge attention,” he said.
“Leichhardt and One Mile used to have quite a bit of stigma and take a hit in values because of that. They’ve now risen with the rest of the suburbs.”
Both Leichhardt and One Mile recorded “huge growth” the past year, which Mr Edwards said he expected would soon be the case for other Ipswich suburbs such as Rosewood.
CoreLogic data as at November indicated homes in the region’s lower 25th percentile quartile suburbs saw an annual increase in price of 22.7 per cent and had a median value of $379,800.
Homes in Ipswich’s upper quartile suburbs saw an annual change in price of 19.5 per cent, rising to $542,203.
Karalee homes were determined to be the most expensive at $801,693, while One Mile homes were the cheapest at $295,579.
Brookwater was not included in CoreLogic’s assessment.
See a full list of Ipswich’s cheapest and most expensive streets below.
IPSWICH’S CHEAPEST STREETS
10. Wills St, Leichhardt
Leichhardt has received mixed reviews from people who have lived there over the years.
It is criticised by some for its crime rate, and enjoyed by others for its proximity to services and its affordable housing.
CoreLogic data from November showed the suburb’s cheapest houses had a median value of $311,325, which was 26.8 per cent higher than last year.
A three-bedroom home on Wills St sold in July this year for $250,000, after the site was valued at $126,000 in June 2019.
Homes on the same street have sold for similar prices in recent years.
9. Newtown St, East Ipswich
A newly renovated townhouse in a gated complex at East Ipswich sold in September for $242,500.
The two-bedroom home was built in 1993 and was last sold in December 2017 for $207,500.
The property was only on the market for nine days this year before selling for $7500 above the asking price.
It is not uncommon for homes of similar sizes on Newtown St to sell for less than $250,000.
8. Prokuda Cl, Goodna
The Queensland Times reported in October that Goodna was the second most dangerous suburb in Ipswich, recording 1551 offences in the 12 months to the date of the article.
It is also a suburb of affordable housing, with CoreLogic estimating the median value of a home in the 25th percentile is $332,843.
This price is up 26 per cent from last year.
There are a number of family homes along Prokuda Cl that have sold for relatively low prices recently, including a three-bedroom which sold in October for $242,000.
7. Trumper St, East Ipswich
A residential inner-city suburb of Ipswich, East Ipswich has hundreds of homes available for sale.
According to CoreLogic, its cheapest homes are worth a median $339,207, which is 22 per cent more expensive than last year.
One three-bedroom home at Trumper St sold for $240,000 in September, just over two years after it was valued at $69,000.
The home was on the market for 44 days – nearly double the time East Ipswich homes usually remain on the market.
Other properties on Trumper St have sold for similar prices this year, including a three-bedroom which sold for $270,000 in July and a five-bedroom which sold for $315,000 in August.
6. Rosewood Marburg Rd, Rosewood
Ipswich suburb Rosewood is home to a population of more than 2800 people, comprising single people, couples, families and retirees.
CoreLogic valued Rosewood homes in the 25th percentile at $324,811, which was 20.5 per cent higher than last year.
Homes on Rosewood Marburg Rd are particularly cheap, with a 1950 two-bedroom home selling for $235,000 in October this year.
5. Gledson St, North Booval
According to CoreLogic data, the cheapest 25 per cent of homes in North Booval are valued at a median price of $326,195.
These homes saw an annual increase in price of 19.4 per cent.
Homes on Gledson St are still relatively cheap however, with a three-bedroom, two-bathroom in a gated complex selling for just $230,000 on October 28.
Another home with three bedrooms and two bathrooms on the same street sold for $236,000 on October 18.
4. Barclay St, Bundamba
A Barclay St home with three bedrooms sold in August this year for just $196,477.
The house, built in 1970, last sold in 1988 for $46,000. The site was valued at $125,000 in June 2019.
Last year, in June 2020, a home on the same street with four bedrooms and two bathrooms sold for even less at $150,000.
Bundamba residents have, in recent years, expressed concerns with the area being at risk of flooding, as well as with its high crime rate.
3. Brisbane Rd, Riverview
More than 3000 people live at Riverview, where homes are largely seen as good value for money considering their proximity to public transport, shopping centres, and Brisbane.
Recent CoreLogic data indicated the cheapest properties within the suburb sell for a median $296,862 – up 26.1 per cent from last year.
A four-bedroom, 713-square metre home on Brisbane Rd sold last month for $169,000 after the site was valued at $121,000 in June 2019.
Most homes on the street are valued at similar prices.
2. Lindsay St, Bundamba
The Queensland Times this year found Bundamba to be one of Ipswich’s most dangerous suburbs, recording 569 offences in the 12 months to October.
It is also home to some of the region’s cheapest homes, with CoreLogic data indicating its lower quartile properties are worth a median $325,106.
This figure was 23 per cent higher than last year.
A two-bedroom townhouse on Lindsay St sold last month for just $165,000.
1. Old Toowoomba Rd, One Mile
Ipswich suburb One Mile is home to some of the region’s cheapest homes, with those in the lowest quartile costing a median of $295,579 according to CoreLogic.
This price is 22.5 per cent higher than it was last year.
A four-bedroom home on Old Toowoomba Rd sold in July this year for just $140,000, with another house on the same street selling for $320,000 in September.
Residents of the suburb have reported regular fights in the streets and junk left in front yards and on footpaths.
MOST EXPENSIVE STREETS
10. Rush Dr, Augustine Heights
In the 2016 Census, just 13 years after being officially named, Augustine Heights had a population of 4880 people.
The Great Springfield suburb is a popular one, with homes within it on the market for an average of 18 days, according to CoreLogic data.
Last month, a home at Rush Dr sold for $1.07 million after being on the market just 37 days.
It comprised four bedrooms, three bathrooms, a pool, and shed, and had modern fixtures and a spacious interior.
The most expensive homes in the suburb have increased in price by 16.8 per cent over the past year, sitting at a median value of $736,908 according to CoreLogic data.
9. Waterfront Dr, Karalee
Karalee was identified by CoreLogic as Ipswich’s most expensive suburb, with a median house value of $801,693 as at November this year.
The highest-priced houses in the suburb experienced a 22.7 per cent price increase in the past year, while the lowest-priced houses experienced a 29.3 per cent increase.
A four-bedroom, two-bathroom, 4757-square metre Waterfront Dr property valued at $305,000 in June 2019 sold last week for $1.1 million and is now under contract.
8. Brookwater Dr, Brookwater
A four-bedroom home that was built on Brookwater Dr 17 years ago sold in October for $1.11 million.
It is one of plenty to have sold recently in the modern residential community of Brookwater, featuring high ceilings, a pool, and outdoor entertainment area.
CoreLogic data shows the property was on the market for just seven days.
7. McGreevy Ct, Camira
Central to Mt Ommaney, Riverlink, Grand Plaza and Orion Springfield Central shopping centres, Camira is widely regarded as a clean and friendly suburb of Ipswich.
CoreLogic determined its most expensive house prices saw a 20.4 per cent increase in the past year, costing a median $634,160 as at November this year.
In July, a five-bedroom, three-bathroom home at McGreevy Ct sold for $1.2 million.
CoreLogic estimated homes in the area remained on the market for an average of just 13 days.
6. Bayliss Rd, South Ripley
South Ripley is one of Queensland’s fastest growing suburbs and, according to CoreLogic data, becoming more expensive.
The most expensive homes in the suburb now have a median value of $572,781 – an annual change of 16.7 per cent.
Six months ago, a 3.26-hectare, four-bedroom, two-bathroom home on Bayliss Rd sold for $1.225 million. The house is the most expensive to have sold in South Ripley recently.
5. Allawah Rd, Chuwar
Known as a clean and green “acreage suburb”, Chuwar is home mostly to families, professionals, and retirees.
The median price for the suburb’s most expensive homes is $741,142, according to CoreLogic, which is 18 per cent higher than it was last year.
A four-bedroom, two-bathroom home sold on Allawah Rd, Chuwar in October this year for $1.31 million, after receiving a site value of $420,000 in June 2019.
Chuwar was identified by CoreLogic in November as the suburb with the second highest median house price in Ipswich, after Karalee. Brookwater was not included in the assessment.
4. Lady Musgrave Dr, Springfield Lakes
Award-winning masterplanned community Springfield Lakes, a 1200-hectare site within Greater Springfield, is currently “sold out”.
But a large five-bedroom, three-bathroom house at Lady Musgrave Dr sold in October this year for $1.315 million, after being on the market for a little over a week.
CoreLogic data from November showed Springfield Lakes saw a significant 18.3 per cent increase in the highest quartile median house price in the past year. It currently sits at $623,080.
3. Silky Oak Dr, Brookwater
A modern, three-level home with four bedrooms and three bathrooms sold at Silk Oak Dr in September this year for $1.45 million.
Located in the heart of Brookwater’s Greg Norman-designed golf course, the modern property was on the market for 82 days – an unusually long time for the suburb.
A similar home on the same street sold for $1.1 million in May this year after 12 days on the market, according to CoreLogic.
2. Birchwood Cres, Brookwater
A suburb in the Greater Springfield Development, Brookwater offers house and land packages, land for sale, townhouse villas, and luxury gated communities and was home to 2151 people in the 2016 Census.
According to CoreLogic, the median number of days for a house to remain on the market at Brookwater is 35 days.
A number of homes on Birchwood Cr have sold for more than $1 million since July this year.
Most recently, in September, a 2012 five-bedroom, three-bathroom home at Birchwood Cres sold for $1.67 million.
1. Crest Ridge Pde, Brookwater
The Greater Springfield area comprises the Ipswich suburbs of Springfield Central, Springfield Lakes, Brookwater, Augustine Heights, Spring Mountain and Springfield.
Brookfield was designed to cater to luxurious lifestyles, offering parklands, natural bushland, golf course views and modern homes.
Recent CoreLogic data identified an 800-square metre home with five bedrooms, four bathrooms, and five lockup garages sold four months ago for $1.9 million. It was built last year.
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