Ipswich more affordable than Brisbane: HTW

When compared to Brisbane, Ipswich is relatively affordable, according to Herron Todd White’s latest July report.

The property data firm says that $500,000 can buy you property in a well established Ipswich area.

“Ipswich is a relatively affordable market, particularly in comparison to nearby Brisbane, therefore a lazy half million could buy you a semi renovated character style home in an established area of Ipswich or a modern house and land package on circa 500 square metres in a new estate.

“However we would be more inclined to seek the larger block of land with the character home in the established older suburb of Ipswich as the better performing property in the region.

“At this price point you could afford to purchase two properties in the Ipswich area, however a single property of the highest quality possible is more desirable, with features such as large land and character style home.

“This price point is likely to remain relatively stagnant in the short to medium term in line with the broader market for Brisbane.

“The market remains relatively affordable with rental returns in the order of 5% gross.

“Should there be improvement in interstate migration, this could in turn have a positive impact on the Ipswich market.

“A newly renovated four bedroom house at 76 Bradfield Drive, Brassall (above) has been listed for $549,000.

“Built in 1996 it was last sold in 2013 for $469,000 while the land was sold in 1995 for $43,000.

“Similarly a newly renovated four bedroom house at 102 Meier Road, Camira (below) has been listed for $569,000.

It was last sold in 2004 for $215,000,” the report stated.