Walloon has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.53% to date .
Taking the average capital gain, or increase in median house value, Walloon,4306 has racked up an average of 4.53% over the period. This ranks it number 3143th in the whole country for real estate investors looking at median house price increases.
At number 442th of QLD’s most discounted properties, Walloon is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $375 mark per week – giving a return of 4.76% based on the median price in Suburb
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.