News

New study shows Ipswich railway suburbs are booming

IPSWICH's bounty of affordable housing close to train stations has made it the south-east's top performer for real estate price growth, a new study has revealed.

National property analyst and former Ipswich resident Terry Ryder, the founder of hotspotting.com.au, has investigated the link between train stations and property price growth across the greater Brisbane area.

The study analysed 240 suburbs and, using average property price growth rates over the last 10 years, Mr Ryder discovered that suburbs with train stations had 9.97% per annum growth, compared to 9.25% one suburb removed from a train station and 9.08% in suburbs without train services.

Out of Brisbane's top 300 suburbs, eight of the top 10 suburbs for average annual growth over the past decade were in Ipswich.

Of those eight, Ipswich Central, Booval, Goodna and Riverview all have dedicated railway stations while Leichhardt, Silkstone and North Ipswich are within close proximity to stations.

"That is why Ipswich dominates the Brisbane metropolitan area's top 10 for long term capital growth rates," Mr Ryder told the QT.

"Most of the Ipswich suburbs are affordable and they have some sort of access to the commuter trains to Brisbane. It is a powerful combination.

"The train line from central Ipswich through to central Brisbane is the spine, with suburbs north and south of it. A lot of people can live in those affordable suburbs and catch the train, which is something I used to do when I lived at Bundamba and worked in Brisbane."

All of those above mentioned suburbs had over 12 % per annum growth over the past 10 years and all of them have a median price range under $325,000.

Switch Realty's Bronwyn Handley said proximity to rail stations was an attraction for buyers.

"It has always been the case, particularly with investors because they are the sort of things that tenants look for as well," she said.

"With the price of fuel going the way it is, more and more people are choosing to use public transport and that is going to make suburbs close to train lines quite desirable.

"Prices have also come down which makes it more affordable for people.

"There are a lot more people around now purchasing.

"It is start picking up and people are getting a bit more confidence."

PRD Ipswich's Peter Mendoza said: "We get a lot of first home buyers from Brisbane and they want to be near the rail because they commute to Brisbane each day."

He said that applied "everywhere from the CBD to East Ipswich, Booval, Bundamba, Ebbw Vale, Dinmore, Riverview and Redbank.

"Booval, East Ipswich, Newtown and parts of Eastern Heights are the most popular ones, where there are more affordable homes," he said.

TOP RAIL SUBURBS

Annual growth over the past decade:

Ipswich Central +13.7%

Booval +13.5%

Goodna +13.2%

Silkstone +13.2

Riverview +12.8%

Topics:  affordable housing, houses, property, property prices, real estate



NRL, QRL and IRL in the spotlight tonight

Manager of Rugby League in Ipswich, Brendon Lindsay (right) is the guest panellist on tonight's the After the 80.

Panel discuss the latest rugby league news

Father's Day: Your photos and tributes

My daughter and her dad, the greatest at making her giggle.

Thank you to all our readers who shared a photo of their dad

Miracle 'rainbow' baby's nightmare start to life

RAY OF SUNSHINE: Baby Aaliyah Jade Burnie with parents Natasha Heilbronn and David Burnie.

Aaliyah's battle against the odds after mum's pregnancy problems

Local Partners

Love is in the air on The Bachelor, but not for Kiki

The Bachelor Australia contestant Kirralee 'Kiki' Morris.

BACHELORETTE bows out gracefully as show enters its final weeks.

A $65,000 bathroom? The Block's incredible budget blow-outs

The Block contestants Julia and Sasha spent a whopping $65,000 on their first renovated room.

TEAMS deliver most expensive en-suites in reno show's history.

Your guide to a great night out in Ipswich

Electronic duo Nocturnal Tapes, Lachie Mulligan on electronics and Harry Suttor on guitar and vocals, at their 2015 Dolphin Awards ceremony in Ballina.

Five-day gig guide to the best entertainment in Ipswich

Gympie Muster couch dumps down, but still a problem

TIPPING POINT: After an appalling year of couches being dumped at the end of the last Muster, festival organisers have taken litterbugs to task

EFFORTS to combat post-Muster couch dumping are proving effective

Cryptic crosswords: Top clues to solving them

Your guide to solving the cryptic crosswords in your local paper

How high? Twin 20-storey high-rises plan for "over 50s"

A development application has been lodged with the Fraser Coast Regional Council to build two skyscrapers in Hervey Bay.

Developer says Bay needs to move with the times.

City View Hotel: From a pub to a backpackers

NEW LIFE: Hamish Parker has purchsed the City View Hotel and wants to turn it into an accomodation venue.

Architect picks up a little piece of history for a steal

Pub's run-in with law

OLD LOOK: The City View Hotel in 1914.

Prohibition was an issue Ipswich's police officers took seriously

Selling City View was tough call

Former City View Hotel part-owner Wayne Patch.

Over the years there have been numerous proposals for the building

Bunnings starts demolition of historic foundry buildings

SAWTOOTH GONE: Demolition of Foundry sawtooth shed to make way for new Bunnings building.

Lane and footpath closures will take place

Australia's most expensive balcony and it hasn't been built

Viridian Noosa.

How Noosa millionares' squabble could affect body corporates