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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

North Ipswich has experienced significant growth in its property market over the past 12 months. House values have surged by 29.6%, with the median house price reaching $650,000. Units have also seen a substantial increase, with values rising by 24.5% to a median price of $269,000. This indicates a strong demand for both property types in the area.

Sales activity has been more robust for houses, with 29 sold in the past 12 months, compared to just 1 unit. Houses are selling quickly, with a median of 15 days on the market, while units are taking significantly longer at 50 days, suggesting a slower pace in the unit market.

The rental market in North Ipswich has also seen notable changes, with house rents increasing by 10% and unit rents by 15.6% over the last 12 months. This reflects a strong demand for rental properties, particularly units, in the suburb.

Median price - houses$649KPast 3 months

Median price - units$269KPast 3 months

Change in value - houses30.6%12 months

Change in value - units24.5%12 months

Houses sold32Past 3 months

Units sold1Past 3 months

Median DOM - houses15Past 12 months

Median DOM - units50.5Past 12 months

Average rent - houses$495Past 12 months

Average rent - units$365Past 12 months

Change in rent - houses10.0%Past 12 months

Change in rent - units15.6%Past 12 months

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 is experiencing robust growth, with house rents increasing 10% over the past year to $495 per week, while unit rents have surged 15.6% to $365 per week. This suburb's appeal is bolstered by its affordability and proximity to essential amenities, making it an attractive option for both renters and investors seeking promising returns.

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.

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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