Investment property in Walloon has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.12%
Over the longer term, Walloon has seen property prices show investors a 6.67% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Walloon 4306 should be seeing an average reduction in asking price of around -7.53% . This means that Walloon is holding prices well when compared to other suburbs in QLD.
Situated 39.13km from the CBD, Walloon is one of Ipswich (C) localities in the postcode 4306.
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.