At number 3255th in the list of Australian suburbs ordered by increase in median house value over the last year, Ipswich, 4305 is in the BOTTOM 30% with a property value increase of -3.18% recorded in median house prices.
Across a shorter period, Ipswich, 4305 has seen a median price increase of 6.67% over the last quarter.
Property investors looking for a bargain in Ipswich should be aiming for at least -6.13% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 2.92%, investors should hope to achieve an overall return of 4.71%
Satellite city Ipswich is 30km west of Brisbane. It’s linked to the capital via both road and rail, with the train journey into Brisbane taking about an hour. Full summary
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Satellite city Ipswich is 30km west of Brisbane. It’s linked to the capital via both road and rail, with the train journey into Brisbane taking about an hour.
Ipswich is home to a campus of the University of Queensland and an RAAF base. It’s also self-contained amenity-wise, with plentiful shops, restaurants, schools and two hospitals. A major shopping centre is also located in nearby Springfield.
The median house price for central Ipswich sits at around $300,000, but average house prices in surrounding suburbs can be as low as $250,000 for renovation projects.