News

Houses under $350,000 see rise in sales

THE affordability of Ipswich suburbs is driving demand with Real Estate Institute of Queensland figures showing a 24 % increase in sales state-wide in the September quarter for houses under $350,000.

Ipswich suburbs with the most sales for the quarter were Springfield Lakes (39), Redbank Plains (33), Collingwood Park (26) and Raceview (25).

REIQ CEO Anton Kardash said "investors are recognising that yields have improved and are making a move on affordable property, given our market appears to be turning a corner".

The three most affordable suburbs in Ipswich over the period by median house price were Gailes at $220,000, Leichhardt at $220,000 and North Ipswich with $335,000. Median house prices in Ipswich for the September quarter stayed steady at $290,000.

Houses prices have been flat or in slightly negative territory in Ipswich since the floods but property guru Terry Ryder predicted in The QT last week that prices would increase in the years ahead.

The September quarter figures did show quarterly rises for several Ipswich suburbs with Springfield Lakes (8.9%), Yamanto (9.5%), Raceview (8.3%) and Redbank Plains (2.6%) among the best performers.

Ben Walker, principal of Calibre Real Estate, said he was "very bullish about Ipswich" and that the number of sales in his office suggested a higher increase than 24 % for the September quarter.

"We have found that the investors are keen to pick up the cheaper houses," he said.

Mr Walker said homeowners also had plenty of incentive to buy.

"It is cheaper to own than to rent, so I can only see the market going forward from this point," Mr Walker said.

Ray White Ipswich's Clinton Sippel said there was "high interest in affordable homes" across the board.

He said the "old adage that you buy the worst house in the best street" still applied, particularly in suburbs with a range of cross-era homes at either end of the price scale.

Median house prices September 2012

Topics:  house prices property real estate real estate institute of queensland



Firefighters remove pregnant woman from car after collision

Drivers were caught out after the heavy rain on Saturday afternoon with three vehicles sliding down the embankment next to Bill Paterson Oval.

WOMAN taken to hospital after three car crash.

Teen passenger suffers facial injuries in crash

Ambulance with lights on

Photo Tony Martin / Daily Mercury

DRIVER charged with driving under the influence of alcohol.

Police search for Ipswich man missing on Gold Coast

A 20-year-old Ipswich man has been reported missing.

POLICE are calling for public assistance to find the 20-year-old.

Local Partners

Mine halt after land caved in

JACK OF ALL TRADES: Harry Gee Stationer, News Agent, Picture Framer at North Ipswich.

Subsidence isolated residents

Jennifer Aniston wants to return to TV

Jennifer Aniston is desperate to make a return to TV

Madonna hopes for election unity

Madonna hopes Donald Trump's election will "bring people together"

JK Rowling rules out Cursed Child trilogy

JK Rowling has ruled out a 'Cursed Child' movie trilogy

Buckley's chance in psychological thriller

James McAvoy and Betty Buckley in a scene from the movie Split.

Broadway veteran back on big screen with James McAvoy

Daniel MacPherson: acting’s a bit like channel surfing

Australian actor Daniel MacPherson in a scene from the American TV series APB.

THE Aussie export talks about making his mark in the US.

Ipswich house prices looking up in "seller's market”

Region's median house price climbed 1.4% to $325,000 and the median unit price fell 13.8% to $235,000 in the September quarter.

Median house price climbs 1.4% to $325,000 as unit price falls 13.8%

By the water's edge

Secure your seachange

Work to be done before Hungry Jack's opens

Roadworks outside the Hungry Jack's restaurant at Brassall must be completed before it opens.

Ipswich residents will have to wait for their Whoppers

HOT PROPERTY: Money to spend on land, buildings

File picture.

Sale, leasing of industrial real estate picks up in Mackay

Collapsed Coast company could owe up to $5 million

Staff, ATO, landlords among those out of pocket.

Ready to SELL your property?

Post Your Ad Here!