QLD Ipswich

Reinforces the numbers coming out

http://matusik.com.au/matusik-missive-property-blog/10-things-ipswich/

 

Raceview only 2.6% growth. But 5.4% rental yield!

Raceview Investment Property Market Data

 

For me these inner Ipswich suburbs really balance yield plus quality stock a lot better than comparably cheap areas in Brisbane. I have to say though, and full disclosure i own here, right now the inner suburb of Ipswich itself is out-performing all its neighbors on both CG and rental growth fronts. The stock on the market at the moment is very tight compared to last year and comparable rents have really taken a jump. Literally only a handful of properties for sale.

As Ipswich CBD continues to redevelop and jobs keep piling into the area, these inner areas will continue to provide the best balance of amenity and lifestyle imo.

 

"This property market is tipped to take off"

This market tipped to take off

"Ipswich house prices on the rise"

Ipswich house prices on the rise

"Humble hero in Queensland’s tale of growth"

www.couriermail.com.au%2Fnews%2Fqueensland%2Fipswich-population-of-200000-set-to-double-in-the-next-20-years%2Fnews-story%2Fe94fc58fb8b2ff0d8447d1d912aa18d8%3Ffrom%3Dhtc_rss&usg=AOvVaw1DNm_IrFDol-WdmgIw3mXo

 

Dont know how to take it. Seems that vacancy rates in raceview are just above 1.25%



And Ipswich is just 1.5%

 

Thought to post a good flip.
Sold 2 months ago at $230k...it looks like a Cherie Barber reno

42 Herbert Street Sadliers Crossing Qld 4305 - House for Sale #129247026 - realestate.com.au

 

$349k seems like a very reasonable asking price too. Haven't seen the property in person however.

 

Yep, probably making between $50k and $80k...no bad for a two months work. I must say it was a really good buy to start with.

 

This townhouse with 1 less bedroom, 1 more bathroom asking for $16k more. They're dreaming

 

Forgot the link:
4/47 GLADSTONE ROAD Sadliers Crossing Qld 4305 - Townhouse for Sale #129324182 - realestate.com.au

 

Ipswich maate

$70b high speed rail: Ipswich to Brisbane in 20 mins

 

An update from on the ground in Inner Ipswich and having talking to multiple agencies too. Currently no shortage of buyers at the moment and again, the character properties in the better areas (Inner Ipswich, Newtown, Eastern heights) are fetching some good prices. These are solid well established suburbs that are on the rise.

And for all those naysayers, my recent house valuation is now up 23% on my purchase price from two years ago in inner Ipswich. Proof is in the pudding. Add to that yields of close to 6%, its ticked both boxes for me. This is despite all the council turmoil that's gone on. Wait until the CBD redevelopment really gets underway and the whole area gets a face lift and some needed stability. Already people see the attraction and lifestyle this area brings, and the price growth reflects the continued positive sentiment in the area.

 

Well, I sold one of my Raceview houses. Didn’t even get advertised, agent had Sydney buyers waiting. 6 weeks from making the decision to settlement.

 

Sounds positive. How long had you held the property? And did you make any CG on it? I’ve got a place in redbank plains I’ve had for a couple of years and it doesn’t seem to be increasing in value very quickly.

 

50k in 5 years which I suppose is no real gain once you take all the buying and selling costs into account, but it was time. And as I said, remarkably easy.

 

Thanks for sharing. I’m sure you had a high rental yield and some good cashflow along the way to help the overall portfolio

 

You need at least 10% capital growth in order to achieve some gains.
First 5% spent on stamp duty and purchasing costs, remaining 5% spent on selling costs and to recover any negative cash flow along the way etc. Hopefully Ipswich will show some growth soon!

 

Which I think would have been achieved in the example given.

Making some general assumptions I’d say an ave 4x2 lowest in raceview would have been purchased for about $270k 5 years ago and sold for around $320k now so that’s about a 19% CG, saying that 5 years is a long time to wait for it.

I agree let’s hope we see some strong growth soon. Although I have seen a few posts suggesting the suburbs closer into the Ipswich CBD are doing well already.

 

What do you think about the impact of the new costco?

 

It’s bringing more jobs to the area which is always a good thing. I think the cbd redevelopment will have a far greater impact when finished