Question 1

Is North Booval a nice place to live?

Accepted Answer

North Booval is a residential pocket in eastern Ipswich close to the Bremer River and the shops of Booval village. Quiet, tree-lined streets and a mix of weatherboard cottages, modest brick homes and newer infill housing give it a steady, lived-in feel. It appeals to families and people after practical suburban living, with local parks and sporting ovals nearby and rail and road links at hand. The community is largely made up of families, fairly evenly split between couple families with and without children and one-parent families; the suburb has 3,041 residents and a median age of 33. Homes are slightly more owner-occupied than rented, with 52.9% owner-occupied and 47.1% rented.

There is ongoing Bundamba Creek restoration at Jack Barkley Park, including streambank stabilisation, erosion control, weed removal, native revegetation and habitat features, with community planting events and about 781 metres of creek bank and more than one hectare of riparian land already restored. If you value everyday convenience, parkland and a riverside fringe close to transport and local shops, North Booval presents a practical, established suburban option; whether it suits you depends on what you want from a neighbourhood.

Question 2

Is it expensive to live in North Booval?

Accepted Answer

In North Booval, housing costs are large compared with what a typical local household earned at the last Census. A house rent of $550 a week would take about 41.5% of a typical local household's weekly income at the last Census, a large share, and the median house price of $752,000 works out to about 10.9 times a typical local annual household income, placing buying well above local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is North Booval a good place to invest?

Accepted Answer

House values in North Booval rose 23.5% over the past 12 months, a strong increase. Over the same period house rents climbed 10.0%, also a strong rise but smaller than the price gain, so capital growth on the house side outpaced rental income this year.

For someone weighing North Booval up as an investment, the value change is the number that speaks to capital growth and the rent change is the number that speaks to rental income; which matters more depends on your individual goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$752K	N/A
Change in value Past 12 months	23.5%	N/A
Sold Past 3 months	14	1
Median days on market Past 12 months	15	N/A
Average rent Past 12 months	$550	N/A
Change in rent Past 12 months	10.0%	N/A

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