Investment property in Walloon has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.87%
Walloon,4306 was ranked 1606 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.80% offered to property buyers. Sellers in Walloon itself are offering an average vendor discount of -6.54% to real estate investors.
Renters in Suburb are facing rents around $19240 per annum or $370 every week.
Information supplied by:
Large, older homes on bigger blocks
Median house price: $390,000
Three-year growth: -1.3%
Rental yield: 4.8%
Ipswich is located inland from Brisbane and the Gold Coast, in the south-east corner of Queensland. Here lies the suburb of Walloon, a growing neighbourhood that is home to around 1500 permanent residents.
The journey to Brisbane’s CBD from this area is around 50km, though the Ipswich CBD is much closer, around 12km away. The suburb has its own railway station, along with a primary school that carries enrolments of around 230-250 students per year.
Typical housing in Walloon is large, older homes on bigger blocks of land, but there are many new house and land packages coming on the market, priced at around the half-million dollar mark. Some new builds are available for as low as around $420,000, though these come on smaller blocks of land, which may not be as desirable to local tenants and potential owner occupiers, who count the region’s wide open spaces as a major benefit.