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North Ipswich suburb profile

North Ipswich is a historic suburb located just north of the Ipswich CBD, offering a blend of heritage charm and modern conveniences. Known for its picturesque streets and classic Queenslander homes, the suburb attracts families and history enthusiasts alike. North Ipswich is home to the iconic Workshops Rail Museum, celebrating the area's rich railway history. The suburb provides easy access to local amenities, schools, and parks, making it a convenient and family-friendly location. With its strong community spirit and proximity to the Brisbane River, North Ipswich continues to be a desirable place for residents seeking a balance of tradition and modernity.

North Ipswich property market performance

Current median dwelling price$612,500Past 3 months

North Ipswich's property market has shown notable growth over the past 12 months, particularly in the housing sector. House values have increased by 13.3%, with the median house price now at $675,000. In contrast, unit values have remained stable, with no change over the same period, maintaining a median price of $550,000.

Sales activity has been more robust in the housing market, with 41 houses sold compared to just 10 units over the past 12 months. Houses are selling relatively quickly, with a median of 31 days on the market, while unit sales data is limited, indicating potential challenges in the unit market.

The rental market for houses in North Ipswich has seen an 8.5% increase in average rent over the last 12 months, reaching $510. However, there is no available data on unit rentals, suggesting limited activity or demand in this segment.

HousesUnits
Median price
Past 3 months
$675K$550K
Change in value
Past 12 months
13.3%N/A
Sold
Past 3 months
4110
Median days on market
Past 12 months
31N/A
Average rent
Past 12 months
$510N/A
Change in rent
Past 12 months
8.5%N/A

5 year median price trend for houses and units

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North Ipswich demographics

North Ipswich, located in Queensland, is a suburb that offers a blend of historical charm and modern convenience. With a population of 4,527, it provides a close-knit community feel while still being part of the larger Ipswich area. The median age of 38 suggests a mature community, with a mix of families and long-term residents who appreciate the suburb's balance of suburban tranquility and accessibility to urban amenities.

The suburb's housing landscape is characterized by a significant proportion of home ownership, with 25.8% of properties owned outright and 42.4% owned with a mortgage. This indicates a stable community with many residents investing in their homes for the long term. Renting is also a viable option, with 31.8% of properties available for rent, catering to those who prefer flexibility or are new to the area.

Family life is a prominent feature of North Ipswich, with couple families with children making up 36.9% of the population, closely followed by couple families without children at 36.3%. One-parent families account for 24.1%, reflecting a diverse family structure within the community. The median total household income of $1,422 per week aligns with the area's family-oriented lifestyle, providing a comfortable living standard for its residents. North Ipswich's blend of historical roots, family-friendly environment, and accessible housing options make it an appealing choice for those seeking a balanced lifestyle.

North Ipswich infrastructure, key developments and investment opportunities

North Ipswich is experiencing several developments that could impact its property market. The $250 million Nicolas Street Precinct upgrade in the Ipswich CBD, just across the river, is enhancing retail and entertainment options, potentially boosting property values in nearby North Ipswich. Additionally, the ongoing expansion of the Ipswich railway line and upgrades to the North Ipswich Rail Workshops are improving transport connectivity and preserving the area's industrial heritage.

The suburb is also benefiting from the revitalization of public spaces, with the council upgrading parks like Browns Park to enhance recreational amenities. These improvements, combined with North Ipswich's proximity to the Ipswich CBD and its stock of character homes, are likely to sustain strong interest from buyers and investors. The area's affordability compared to Brisbane, coupled with its ongoing development, positions North Ipswich as an attractive option for families and first-home buyers seeking value in a growing region.

North Ipswich rental market trends

The rental market in North Ipswich has experienced moderate growth, with house rents increasing by 8.5% over the past year to $510 per week. However, unit rents have remained unchanged at $0, indicating a potential lack of available units or data. The suburb continues to attract interest due to its affordability and proximity to key amenities, making it a viable option for renters seeking value.

Suburbs near North Ipswich

Some popular suburbs near North Ipswich include:

  • Brassall: Known for its family-friendly atmosphere and ample parklands, Brassall is located directly northwest of North Ipswich.
  • Silkstone: Featuring a mix of heritage homes and modern developments, Silkstone is situated to the southeast of North Ipswich.
  • Raceview: Known for its convenient shopping options and community facilities, Raceview lies to the south of North Ipswich.
  • Flinders View: Offering spacious residential areas and a relaxed lifestyle, Flinders View is located to the southwest of North Ipswich.
  • Deebing Heights: Known for its growing residential developments and scenic views, Deebing Heights is situated to the south of North Ipswich.

How does North Ipswich compare to nearby suburbs?

  • Median house prices: North Ipswich’s median house price is 20.5% higher than East Ipswich’s.
  • Median unit prices: North Ipswich’s median unit price is 3.4% higher than Brassall’s.
  • House price growth: Over the past 12 months, house prices in North Ipswich have grown 5.1% higher than in Flinders View.
  • Selling speed for houses: Properties in North Ipswich are selling 13.9% faster than in East Ipswich.

Common questions about North Ipswich

  • Is North Ipswich a nice place to live?

    North Ipswich is a delightful suburb that offers a harmonious blend of historical allure and modern living, making it a charming place to call home. With its picturesque streets lined with classic Queenslander homes, the suburb exudes a warm and inviting atmosphere that appeals to families and those who appreciate a touch of history. The community vibe is strong, with residents enjoying a peaceful lifestyle while still having easy access to the conveniences of the nearby Ipswich CBD. The suburb's proximity to the Brisbane River adds a scenic backdrop to daily life, enhancing its appeal for those who enjoy outdoor activities and leisurely strolls.

    Families will find North Ipswich particularly appealing due to its family-friendly environment and access to quality schools and parks. The suburb is well-equipped with local amenities, including shopping centers and cafes, ensuring that daily needs are easily met. Safety is generally not a major concern, contributing to the suburb's reputation as a secure and welcoming place for families to settle down. While North Ipswich may not offer the bustling nightlife of a city center, it compensates with a strong sense of community and a quieter, more relaxed lifestyle.

    One trade-off of living in North Ipswich might be the commute for those working in Brisbane, as it requires a bit of travel. However, the ongoing improvements in transport connectivity, including the expansion of the Ipswich railway line, are making commuting more convenient. Additionally, the suburb's affordability compared to Brisbane is a significant draw for families and first-home buyers seeking value in a growing region. Overall, North Ipswich offers a balanced lifestyle with its blend of tradition and modernity, making it a lovely place to live for those who value community, history, and convenience.

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  • Is it expensive to live in North Ipswich?

    Living in North Ipswich is relatively affordable compared to other parts of Queensland. The median house price is around $650,000, which is quite reasonable when you consider prices in more central or popular areas. If you're looking at units, the median price drops significantly to $269,000, making it an attractive option for those on a tighter budget.

    Renting in North Ipswich is also fairly affordable, with houses averaging $495 per week and units at $365 per week. This aligns well with the average annual wage in North Ipswich, which is approximately $84,000. When compared to the average income in Queensland, residents in North Ipswich can find housing options that won't consume an overwhelming portion of their earnings.

    Overall, North Ipswich offers a balanced cost of living, making it a viable choice for individuals and families seeking a more budget-friendly lifestyle without compromising on access to amenities and community features. If you're thinking of living in North Ipswich, you'll find that it provides a good mix of affordability and convenience.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is North Ipswich a good place to invest?

    North Ipswich is showing promising signs as a strong investment suburb, with impressive growth in both property values and rental returns over the past year. The median house value has surged by 29.6%, while units have also seen a significant increase of 24.5%. This indicates a robust demand for properties in the area, which is a positive signal for potential investors looking for capital growth.

    In addition to property value increases, North Ipswich has experienced notable rental growth, with house rents rising by 10% and unit rents by 15.6% over the last 12 months. This suggests a healthy rental market, which is attractive for investors seeking steady rental income. The suburb's appeal is likely driven by its affordability compared to nearby areas, making it an attractive option for both renters and buyers.

    Overall, North Ipswich offers a compelling investment opportunity with its strong property value growth and rising rental yields. The combination of these factors makes it an appealing choice for investors looking to capitalize on both short-term gains and long-term potential in the real estate market.

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Choose the right real estate agents in North Ipswich

Currently, there are 68 real estate agents working in North Ipswich—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 68 agents sold 28.7% of all properties in North Ipswich over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in North Ipswich typically charge a commission of 2.38% to 3.17%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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