Image by Vc1988, CC BY-SA 4.0, via Wikimedia Commons
Ipswich is a historic area of Greater Brisbane and has seen rapid growth over recent years. It is teeming with parks, affordable heritage-listed homes, and offers the perfect blend of city and suburban living. It’s best suited to tenants looking for a laid-back lifestyle with plenty of amenities, but which suburbs offer the best value for your investment?
Goodna
Goodna is in high demand, partially due to affordable housing, but also because it’s easily accessible, which is ideal for commuters and young families. With strong transport links and plenty of amenities, it’s a practical choice for keen investors.
Goodna homes have a median price of $740,750, up 16.7%, and a rental yield of 3.8%, while the median unit price is $542,500, up a whopping 29.2%, offering a rental yield of 3.9%. As for rent prices, home prices are up 10.6% with a median rental price of $575 per week and a median unit rental price of $475 per week, up 2.2%.
Collingwood Park
If you have a leafy, family-friendly suburb in mind for your next property investment, then Collingwood Park is an excellent choice, with a good mix of new developments and established homes. Located in the Western Growth Corridor and just over 10km from Ipswich CBD, it’s a young, hip area.
Units in Collingwood Park come with the highest rental yield, a healthy 4% return, with the median unit price of $540,500 and median rental price of $495 per week. Weekly rent has increased 10% in the last 12 months, while the purchase price has seen a 7.9% increase. As for houses, the median price is up 18.7% over the last 12 months, coming in at $830,000 and a rental yield of 3.7%. Likewise, the rental price is up 8.5% with a median weekly cost of $640.
Redbank Plains
Redbank Plains is one of the fastest-growing suburbs in Ipswich and is particularly popular with the under-30s crowd. It has affordable housing by comparison with the rest of Brisbane and is often a hotspot for first-home buyers.
It boasts convenience with a healthy town square, offering shopping and dining, and is a blend of parks, playgrounds, and residential areas, which has contributed to its popularity with young families. Purchasing a home in Redbank Plains could provide a rental yield of 3.7%, while a unit could yield 3.8%. The median cost for a home is $780,000, with units averaging around $580,000.
