QLD Ipswich suburbs

Ok it appears I've made some assumptions in my original reply which I've since assessed and discovered to be incorrect! Going to share them so anyone who comes across my posts do not get the wrong idea:

1. First of all, Ipswich does not have 8% vacancy rate; this was a miscommunication between the managing agent and I. The 8% is in fact their agency's internal vacancy rate, Ipswich's latest vacancy rate is 2.1% for Mar17

*Source: SQM Research - Residential Vacancy Rates

2. I just generated another RPData's auto valuation report just now and surprisingly it shows an almost 20% jump in value compared to a report generated in Jul 16. I did not expect this at all as the last report I generated was back in Dec 16 and it showed minimal growth so essentially the bulk of this growth took place within the first 3-4 months of this year! Very interesting indeed.

Conclusion: these 2 findings are aligned with the post below

 

If ipswich has gone up 20 % I'll be stunned ...

It may represent sales of specific types of properties ie OO's buying nice character properties gather than 3 b ex houso's .

Though if it's happening , I'm happy .

Cliff

 

Hey Cliff,

This was simply based on an auto-generated valuation report by RPData with an 8% error margin so it could very well be off. However, I'm quite certain that the market has moved in a positive direction.

Cheers,
Brandon

 

Not disputing the market is moving .


Cliff

 

Hi Mick,
We have just put an offer on an inner Ipswich house. Could you please send me the report you referred to?

 

I'm looking at Ipswich. It's a big area. Love the Queenslanders (house I meant)

On RE I searched for Ipswich, north, east and west Ipswich. It seems like many are in need of work especially those on large blocks.

 

What about this beauty. Talk about bang for your buck.

20 Darling Street Ipswich Qld 4305 - House for Sale #125597778 - realestate.com.au

 

You cant go past Redbank Plains in Ipswitch city council. Nice newish houses and you can get newish 4 bedders for around $350k now with good yield. 3 Bedders in the lowish 300s.

My place in Redbank plains land valuation was previously $150k. Council just sent me a letter a few months ago and new value is $175k. Not bad I've only owned the house for 6 months.

Rental is $320 per week which I purchased the house for $275k. Got valuated by my bank for $307k few weeks ago. I dont think that is bad at all for 6-7 months of holding. LOL

btw: I just checked the average price for a 3 bedder its now $308k. Last month in June it was $305k and in May it was $300k.

100% growth happening in Ipswich and Redbank Plains for sure!!! I love it.

 

I think there are a few great pockets in Ipswich and so much value and opportunity its hard to ignore, for OOs and investors alike.

I purchased right in inner Ipswich last year and have seen ~30K growth in that time. Also managed to get the property 20k under independent valuation quite easily (divorce settlemet - quick sale). Yield ~ 6%. Not crazy numbers by any means but there are decent buys to be had if you know what you're looking for, and imo the best is yet to come with the positive changes in the area and the upgrades to the CBD. Furthermore the fact that eqivalent queenslanders/character houses 40mins down the road in brisbane now fetch well over $1mil ++ is turning prospective OO heads west for lifestyle, amenity, and the dream Queenslander. Hopefully the new Mayor will really continue to push Ipswich forward.

 

Not cheap, agree on the Mayor, bit of confusion at the moment, the old one was pushing quite a bit. In saying that the new budget looks promising.

 

As close to the Ipswich cbd I suppose. Going to fly up and check it out.

 

I never been in Ipswich, but I'm battling to get an Ip between Launceston and Ipswich. What's your thoughts on east Ipswich?

 

I would choose investing in Brisbane/Ipswich/Logan over investing in any part of Tasmania to be honest. From all my research Tassy simply doesn't have the economic capacity along with the population growth and overseas interests that has a potential for it to boom as much as Brisbane does.

My 2c. DYOR.

 

http://www.couriermail.com.au/news/...n/news-story/ac4a0905d2647f6bd7ad85f9b32ecf0b

 

51 Moffatt Street Ipswich Qld 4305 - House for Sale #125871358 - realestate.com.au what's your take? Not flood affected. Wonder what rent u can get from this.

 

39 Haig Street Brassall Qld 4305 - House for Sale #125618214 - realestate.com.au this property is really weird. what's the story?

 

Looks like you could probably develop it to be similar to next door?

 

Too long in the job maybe? Huge approval ratings prior to this spectacular fall from grace.

 

there are so many pockets in Ipswich council that are in flood prone, and yet some of these flood prone are rezoned for townhouse/apartment ? not sure what Ipswich council are thinking