Ipswich land values remain static despite high rate of mortgage arrears

Alistair WalshMarch 29, 20120 min read

The City of Ipswich recently topped an RBA list of the regions with the highest rates of mortgage arrears.

But land values have remained surprisingly unchanged over the past year.

According to the Queensland Valuer-General’s annual valuation released this week land values in 66 Ipswich localities stayed steady from October 2010 to October 2011.

There was a jump in just one locality across the City of Ipswich since last year, which was Deebing Heights.

Medium prices in the rural locality of Deebing Heights increased 1.3% from $197,500 in 2010 to $200,000 in 2011, according to the valuer general Neil Bray.

Bray found over the whole region land values increased 0.1%, reflecting the static market in the area.

Bray said allowances made in 2010 for flood affected properties had been carried for into the new valuations.

“Apart from isolated changes to reflect environmental changes or local sales evidence residential valuations are predominantly unchanged,” Bray says.

“Minor changes were recorded in commercial values with some neighbourhood shopping centre values increasing slightly.”

 

Residential localities

Previous median value ($)

New median value ($)

Change in median value (%)

Deebing Heights

197,500

200,000

1.3

Amberley

86,000

86,000

0

Ashwell

97,500

97,500

0

Augustine Heights

207,000

 

0

Barellan Point

202,500

202,500

0

Basin Pocket

131,000

131,000

0

Bellbird Park

148,000

148,000

0

Blackstone

140,000

140,000

0

Booval

132,000

132,000

0

Brassall

152,500

152,500

0

Bundamba

128,000

128,000

0

Calvert

67,000

67,000

0

Camira

182,500

182,500

0

Churchill

136,000

136,000

0

Chuwar

165,000

165,000

0

Coalfalls

144,000

144,000

0

Collingwood Park

127,000

127,000

0

Dinmore

115,000

115,000

0

East Ipswich

126,000

126,000

0

Eastern Heights

149,000

149,000

0

Ebbw Vale

123,000

123,000

0

Ebenezer

93,000

93,000

0

Flinders View

155,000

155,000

0

Gailes

115,000

115,000

0

Goodna

124,000

124,000

0

Grandchester

68,500

68,500

0

Haigslea

130 750

130 750

0

Ipswich

150,000

150,000

0

Ironbark

108,000

108,000

0

Karalee

172,500

172,500

0

Karrabin

124,000

124,000

0

Lanefield

93,000

93,000

0

Leichhardt

125,000

125,000

0

Lower Mount Walker

100,000

100,000

0

Marburg

94,000

94,000

0

Moores Pocket

107,000

107,000

0

Mount Forbes

70,000

70,000

0

Mount Marrow

156,250

156,250

0

Muirlea

141,000

141,000

0

Newtown

150,000

150,000

0

North Booval

120,000

120,000

0

North Ipswich

125,000

125,000

0

North Tivoli

87,000

87,000

0

One Mile

125,000

125,000

0

Peak Crossing

93,500

93,500

0

Pine Mountain

183,000

183,000

0

Purga

132,000

132,000

0

Raceview

138,000

138,000

0

Redbank

130,000

130,000

0

Redbank Plains

142,000

142,000

0

Ripley

136,000

136,000

0

Riverview

110,000

110,000

0

Rosewood

119,000

119,000

0

Sadliers Crossing

155,000

155,000

0

Silkstone

134,000

134,000

0

South Ripley

80,000

80,000

0

Springfield

165,000

165,000

0

Springfield Lakes

160,000

160,000

0

Tallegalla

117,000

117,000

0

Thagoona

108,500

108,500

0

Tivoli

107,000

107,000

0

Walloon

150,000

150,000

0

West Ipswich

120,500

120,500

0

Willowbank

134,000

134,000

0

Woodend

142,000

142,000

0

Wulkuraka

139,000

139,000

0

Yamanto

157,500

157,500

0

All residential localities

139,000

139,000

0

Alistair Walsh

Deutsche Welle online reporter
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