Suburb Profile Report for Walloon QLD (4306)

Walloon House: Median price $409,813, Annual capital growth 2.40%, Number of sales 39, Weekly median advertised rent $370

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Expert Report

QLD has seen average median house prices change by 1.91% which means that Walloon, 4306 has done well for property investors by showing a capital gain of 23.08% over the last year

Over the longer term, Walloon has seen property prices show investors a 4.71% return over the last 3 years. This is an improvement over the last 12 months

Our latest figures would indicate that property sellers in Walloon are currently offering property investors an average price cut of -6.01% below the asking price at the moment.

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January 2019

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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 residentsFull summary

Large, older homes on bigger blocks

Postcode: 4306

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.

Close
Metrics i HOUSE UNIT
$409,813 N/A
3.76% N/A
26.10% N/A
2.40% N/A
$370 N/A
39 N/A
4.69% N/A
99.17391 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 1547
Median household income ($/weekly) 1389
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 229 14.8
    15-19 years 175 11.3
    35-44 years 242 15.6
    45-54 years 246 15.9
    55-64 years 232 15.0
    Others 423 27.3
    Age Group
    Census Count Percent(%)
    Registered Married 657 55.9
    Not Married 425 36.1
    Defacto Relationship 94 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1345 89.7
    Malta 6 0.4
    Papua New Guinea 35 2.3
    United Kingdom 71 4.7
    Other 9 0.6
    Others 33 2.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1089 75.8
    No Religion 322 22.4
    Buddhism 11 0.8
    Other Religious Groups 11 0.8
    Judaism 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 38 8.5
    $1,000-$1,249 46 10.3
    $1,250-$1,499 45 10.1
    $1,500-$1,999 75 16.8
    $2,000-$2,499 64 14.3
    Others 178 39.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 516 42.6
    Not in the labour force 366 30.2
    Employed, worked part-time 242 20.0
    Employed, away from work 44 3.6
    Unemployed, looking for work 43 3.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 147 18.3
    Community & personal service workers 88 11.0
    Clerical & administrative workers 115 14.3
    Sales 89 11.1
    Labourers 116 14.5
    Others 247 30.8
    Occupation
    Census Count Percent(%)
    Pre-school 13 3.4
    Infants/Primary 129 34.1
    Secondary 149 39.4
    Technical or Further Educational Institution 32 8.5
    University or other Tertiary Institutions 42 11.1
    Others 13 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1509 99.8
    Flat, unit or apartment 3 0.2
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 264 51.6
    Fully owned 185 36.1
    Rented 63 12.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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