Question 1

Is One Mile a nice place to live?

Accepted Answer

One Mile is an established residential suburb of Ipswich on the banks of the Bremer River with a quiet, family-oriented atmosphere. Tree-lined streets show a mix of timber Queenslanders and low-set brick homes with pockets of newer infill and long-standing gardens. Residents have riverside parks and walking paths, modest shopping strips and schools within easy reach, and straightforward access to Ipswich’s retail precincts and rail links for commuting, so day-to-day errands and trips out of the suburb are convenient.

About 2,038 people live in One Mile, with a median age of 37 and a median household income of $1,173 a week (about $61,000 a year). Families are almost evenly divided across couple families with and without children and one-parent families, and homes are predominantly owner-occupied, with a combined owner-occupied share of 58.1% and renters 41.9%. Recovery work on the Lobb Street crossing and nearby road repairs is under way after flood damage, a social housing site on Siemons Street has had reports of vacant units and maintenance concerns, and the local Immaculate Heart Catholic Primary School is planning a library extension. Whether that mix suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in One Mile?

Accepted Answer

Renting a house in One Mile would take a large share of local household income at the last Census. A house rent of $520 a week against a typical local household income of $1,173 a week at the last Census works out to about 44.4% of that income. Whether that feels expensive depends on your own income and circumstances.

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 One Mile a good place to invest?

Accepted Answer

House values in One Mile climbed 16.9% over the past 12 months, a strong rise, while house rents rose 4.0% in the same period, a modest increase. For houses this year, capital growth outpaced growth in rental income. If rental income is your priority, the rent change is the figure that matters; if you care about capital growth, the rise in values is the more relevant number. Whether that balance suits your investment objectives depends on your 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	N/A	N/A
Change in value Past 12 months	16.9%	N/A
Sold Past 3 months	7	N/A
Median days on market Past 12 months	12	N/A
Average rent Past 12 months	$520	N/A
Change in rent Past 12 months	4.0%	N/A

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