Augustine Heights has some "hidden treasures"
PRESTIGIOUS suburbs do not always boast houses at blue-chip prices.
That is the word from the Real Estate Institute of Queensland in the wake of data from the March quarter.
Augustine Heights has been identified as one aspirational Ipswich suburb where there are "hidden treasures" at well below the median house price.
In Augustine Heights, which had a median house price of $500,000, the highest house sale was $727,000 and lowest was $162,000 in the March quarter. There is currently a property listing on reiq.com for well below the suburb's median house price.
"In all major regions, over the past 12 months, there have been relatively affordable house sales in suburbs which are classified as some of the most desirable to live," REIQ CEO Anton Kardash said.
REIQ Ipswich zone chair Darren Boettcher said there was "good value" at Augustine Heights.
"The original estate was on larger lots. Now it's on smaller lots and the sale prices have come back a little bit," he said.
"People are finding there are some good bargains, especially when you look at the rental returns compared to the sale price.
"It is in a great position with Orion shopping centre nearby and Brookwater just across the road."
Cr Paul Tully said Augustine Heights "generally has one of the highest property price increases across Ipswich and it is centrally located next to many facilities".
"The railway line to Springfield Central will be there by the end of December. And that railway line will service Springfield, Brook
water and Augustine Heights, so I think that area will get even stronger in the next 12 months if the economy continues to improve," he said. "There are three things people look at - public transport, schools and proximity to shopping facilities."
Augustine Heights has good bus services and with the train coming soon it will have all three of those vital assets.