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



Shorten's national caucus for Australia's first people

QUICK VISIT: Federal member for Oxley Milton Dick hosted Opposition Leader Bill Shorten at Hymba Yumba Community Hub in Springfield where they met with indigenous students and announced plans to form a national caucus aimed at increasing representation, voter enrolment and party representation among Australia's first people.

Opposition leader visits students at Hymba Yumba

NAME AND SHAME: Intoxicated driver cops $1100 fine

IN COURT: A man was fined more than $1000 for driving under the influence at Redbank.

Every Monday the QT publishes the names of drink and drug drivers

'Let's stop apologising for Ipswich'

Ipswich Mall, 2016.

The sooner we stop indulging stereotypes, the sooner they'll stop

Local Partners

MOVIE REVIEW: Matt Damon's The Great Wall gets lost

The Great Wall feels about as artisanal as a fortune cookie. Its underlying message is just as trite.

Paul Murray listens to regions

Paul Murray is taking his Sky News show on the road to shine a spotlight on regional Australia.

Radio broadcaster wants viewers to 'turn up and fire up'

Why Hollywood’s siding with Brad Pitt over Angelina Jolie

Jolie may have the kids, but Pitt has custody of Hollywood

Tensions high at pointy end of MKR's round two

Things are really heating up on My Kitchen Rules.

Games are being played around the My Kitchen Rules table

Jungle Jay sent packing from I'm a Celebrity

I'm A Celebrity ... Get Me Out Here! contestant Jay Laga'aia with Keira.

BIG friendly giant Jay Laga'aia has been eliminated from I'm A Celeb

Carson Kressley brings 'camp' to I'm a Celebrity jungle

"I am not all Park Avenue and daffodils” ... Carson Kressley.

Meet the "campest” campmate to star on I'm a Celebrity.

Star Wars: The Last Jedi mystery already solved

FILE- This undated file photo provided by Disney shows Daisey Ridley as Rey, left, and John Boyega as Finn, in a scene from the film, \"Star Wars: The Force Awakens.\" Hasbro said it is changing its Star Wars Monopoly set after an 8-year-old girl became upset that Rey, the movie's female heroine, was not included as a figure along with Darth Vader and Kylo Ren. (Disney/Lucasfilm via AP, File) MANDATORY CREDIT

A key mystery surrounding the title of episode eight has been solved

Expert: Why renters, home buyers may struggle

Matusik Property Insights director Michael Matusik.

What's next for the city's housing market

Massive seaside development of 3200 lots

DESIRABLE LIFESTYLE: The masterplan for the proposed Elliott Heads Estate.

"There's nothing else left along the coastline of Queensland now"

Potential home buyers punished for doing the 'right thing'

Should I go to university or buy a house?

50 more high rise buildings planned for Brisbane CBD

Height limits have been scrapped for Brisbane CBD

800,000 more people expected to work in city over next 20 years

This new property trend is emerging in Ipswich

Darren Boettcher.

Property owners seizing new opportunity

Ready to SELL your property?

Post Your Ad Here!