REVEALED: Ipswich’s top 10 suburbs for property investors
Ipswich has dominated the list of Queensland’s best suburbs to invest in, according to a recent report, with one suburb claiming the number two spot on the nationwide list. SEE WHERE
Property
Don't miss out on the headlines from Property. Followed categories will be added to My News.
A recent report has shown Ipswich is one of the most desirable places to invest in Queensland right now.
The Queensland Times is examining why that is the case, and breaking down the top 10 suburbs in Ipswich to invest at the moment.
The Courier-Mail Make Your Move Report, powered by PropTrack, revealed that 10 of the top 20 suburbs to invest in houses in Greater Brisbane were in Ipswich.
Further, two Ipswich suburbs made the national top 10.
Ray White Ipswich elite sales and marketing consultant Jackson Wales said the city was a particularly desirable investment location due to its affordability.
“If you were to invest your money in Ipswich, I don’t think you could go wrong,” he said.
“It’s extremely affordable, ticks a lot of boxes in terms of amenities and schools and public transport … The last time I checked it’s the fastest growing city in Queensland, so it’s got a lot on offer.”
Mr Wales said although newer Ipswich suburbs like Ripley and Springfield Lakes were popular, there may be more untapped investment opportunity in older suburbs.
“A lot of investors are attracted to the low-maintenance properties. In Ipswich, the low maintenance properties are those low-set four bedroom brick homes – they’re very common to see in the areas like Raceview, Brassall and Leichhardt,” said Mr Wales.
He said there was opportunity in such suburbs — particularly during the rental crisis — to purchase houses for a relatively cheap price and add value to them.
Although the housing crisis has had significant negative impacts on renters, he said for investors, “it’s a good opportunity to try and buy a house and get really good rent for it”.
The Make Your Move Report has ranked Australian suburbs in terms of annual price growth, median sale price, median rental yield and rental demand compared to the average (with 0 per cent being the average).
We’ve broken the Greater Brisbane data down to reveal the top suburbs to invest in Ipswich right now:
1. RIVERVIEW
Ranked number one in Queensland – and number two in Australia – Riverview has an impressive annual price growth of 44 per cent.
Coupled with a rental demand of 48 per cent above the average demand in the area, this data reflects prime opportunity for investment in this eastern Ipswich suburb.
Riverview benefits from affordable housing and close proximity to schools, the motorway, public transport, and Redbank Plaza.
Being on the eastern side of Ipswich, Riverview is also conveniently located for commutes to both Brisbane and inner city Ipswich.
The Make Your Move Report revealed Riverview also has a median sale price of just $365,000 and median rental yield of 5.6 per cent.
There are 10 houses currently on the market in Riverview, with prices ranging from $215,000 to $799,000.
2. ONE MILE
Coming in at number two on both our list and Greater Brisbane’s is southwest Ipswich suburb, One Mile.
With a median sale price of just $355,000 and an annual price growth of 37 per cent, One Mile has all the features of a desirable investment suburb.
One Mile benefits from proximity to the CBD and affordability — along with plenty of parks and larger lot sizes.
The Make Your Move Report revealed it has a median rental yield of 5.6 per cent and rental demand of 27 per cent.
There are currently 17 houses on the market in One Mile, with prices ranging from $299,000 to $499,000.
3. WOODEND
Ranked number three on our list – and number five in Greater Brisbane — is inner-city suburb Woodend.
Woodend has a higher median sale price than the previous entries on the list, at $520,000, and an annual price growth of 45 per cent.
Home to St Mary’s and St Edmunds College, Woodend has a median rental yield of 4.6 per cent and rental demand of 24 per cent.
There are seven houses currently on the market in Woodend, with prices ranging from $535,000 to $850,000.
4. EASTERN HEIGHTS
With proximity to a number of schools, shops and the city centre, Eastern Heights comes in at number four on our list.
The suburb had a median sale price of $430,000 and annual price growth of 32 per cent.
Eastern Heights had an median rental yield of 4.8 per cent and a rental demand of 33 per cent.
There are 16 houses currently on the market in Eastern Heights, with prices ranging from $369,000 to $900,000.
5. CAMIRA
With proximity to Springfield Lakes, Camira has the highest rental demand on this list 95 per cent.
Known for its parks and larger lot sizes, Camira also had the highest median sale price on this list at $632,000.
Further, the eastern Ipswich suburb had an annual price growth of 32 per cent and median rental yield of 4.4 per cent.
At the moment, there are 21 houses on the market in Camira, with prices ranging from $449,000 to $699,000.
6. BOOVAL
Coming in at number six on our list and number 10 on Greater Brisbane’s, is eastern Ipswich suburb Booval.
With a median sale price of $410,000, Booval is known for its historic properties and boasts easy access to a wide range of facilities.
The suburb had an annual price growth of 34 per cent, median rental yield of 4.5 per cent and rental demand of 34 per cent.
There are 20 houses currently on the market in Booval, with prices ranging from $320,000 to $1,400,000.
7. NORTH BOOVAL
North Booval comes in just after its southern counterpart, with a median sale price of $370,000.
It had an annual price growth of 28 per cent, median rental yield of 5.3 per cent and rental demand of 33 per cent.
There are 32 houses currently on the market in North Booval, with prices ranging from $299,000 to $1,495,000.
8. LEICHHARDT
Adjacent to our number two suburb One Mile, Leichhardt has the lowest rental demand on this list at -7 per cent.
However, with a median sale price of $380,000, median rental yield of 5.5 per cent, and an annual growth price of 46 per cent, Leichhardt shows promise of untapped investment potential.
Leichhardt currently has 25 houses on the market, and prices ranging from $319,000 to $540,000.
9. SADLIERS CROSSING
Sadliers Crossing comes in at number nine on our list and number 19 on Greater Brisbane’s.
Known as a quiet suburb with older-style houses, Sadliers Crossing had a median sale price of $530,000 and annual price growth of 27 per cent.
The western Ipswich suburb further had a median rental yield of 5.1 per cent and rental demand of 29 per cent.
There are 15 houses currently on the market in Sadliers Crossing, with prices ranging from $390,000 to $999,000.
10. EAST IPSWICH
Last on our list is Eastern Ipswich, which has a high rental demand of 56 per cent.
The inner city suburb has proximity to a number of facilities, with a median sale price of $405,000.
It further had an annual price growth of 27 per cent and median rental yield of 4.8 per cent.
There are 15 houses currently on the market in East Ipswich, with prices ranging from $229,000 to $599,000.
Huge 1800-home masterplan lodged for booming SEQ suburb
A master plan submitted to a South East Queensland council has detailed a developer’s vision for a gigantic community of up to 1800 households to be constructed in a booming suburb.
$10m slashed off Crown Barangaroo penthouse asking price
Sydney’s swankiest apartment is back on the market, with a high-profile Luxe Listings agent dropped and the new team tasked with selling the six-bedroom unit spending $500,000 on staging.