Silkstone suburb profile
Silkstone is a charming suburb located in the city of Ipswich, Queensland, approximately 40km west of Brisbane. Known for its friendly community atmosphere, Silkstone offers a mix of heritage homes and modern residences, making it appealing to families and first-time homebuyers. The suburb is well-serviced by local amenities, including schools, parks, and shopping centers, providing convenience for residents. Silkstone's proximity to Ipswich CBD ensures easy access to a wider range of services and employment opportunities. Its blend of suburban tranquility and urban accessibility makes Silkstone a desirable location for those seeking a balanced lifestyle.
Silkstone property market performance
Silkstone’s property market has experienced significant growth in house values over the past 12 months, with a remarkable increase of 21.9%, bringing the median house price to $647,500. In contrast, unit values have seen a modest rise of 0.8%, with the median unit price at $252,000, indicating a stronger demand for houses.
Sales activity has been limited, with 20 houses and just 1 unit sold in the past 12 months. Houses are selling rapidly, with a median of 10 days on the market, while units are taking considerably longer at 202 days, suggesting a sluggish unit market.
The rental market in Silkstone has shown a notable increase in house rents, which have risen by 11.2% over the last 12 months. Unit rents have remained stable, with no change, reflecting a steady demand for rental properties.
Median price - houses$648KPast 3 months
Median price - units$252KPast 3 months
Change in value - houses21.9%12 months
Change in value - units0.8%12 months
Houses sold20Past 3 months
Units sold1Past 3 months
Median DOM - houses10.5Past 12 months
Median DOM - units202Past 12 months
Average rent - houses$520Past 12 months
Average rent - units$420Past 12 months
Change in rent - houses11.2%Past 12 months
Change in rent - units-25.0%Past 12 months
Silkstone demographics
Silkstone, located in the Ipswich region of Queensland, offers a suburban lifestyle with a touch of historical charm. With a population of 3,830, it provides a close-knit community feel, ideal for families and individuals seeking a quieter pace of life. The median age of 38 suggests a balanced mix of young families, professionals, and older residents who appreciate the suburb's relaxed atmosphere and convenient amenities.
The suburb's housing landscape is diverse, with a significant portion of properties owned outright (28%) or with a mortgage (34.3%), indicating a stable community with long-term residents. Renting is also a viable option, with 37.7% of properties available for rent, catering to those who prefer flexibility or are new to the area. This mix of ownership and rental options reflects Silkstone's appeal to a broad demographic, from young families to retirees.
Family dynamics in Silkstone are varied, with couple families with children making up 36.6% of the population, closely followed by couple families without children at 37.4%. One-parent families account for 23.3%, highlighting the suburb's inclusive nature and support for diverse family structures. The median household income of $1,319 per week aligns with the area's affordable living standards, making it an attractive option for those seeking a balance between cost and quality of life.
Silkstone infrastructure, key developments and investment opportunities
Silkstone is experiencing several developments that could impact its property market. The suburb has seen significant growth, with the median house price increasing by 22% over the past 12 months to $650,000. This price growth, combined with a relatively low vacancy rate of 0.46%, indicates strong demand for housing in the area. The rental market is also robust, with median weekly rents for houses at $500, representing a yield of 4.19%.
Infrastructure improvements in nearby suburbs, such as the ongoing transformation of the former Ipswich CBD, may have positive spillover effects on Silkstone's property market. The suburb's proximity to Ipswich CBD (just 3 km away) and its well-established schools, including Silkstone State School and Claremont Special School, continue to attract families to the area. These factors, along with Silkstone's mix of character homes and newer properties, position it as an increasingly desirable suburb for both homeowners and investors.
Silkstone rental market trends
The rental market in Silkstone has experienced moderate growth, with house rents increasing by 11.2% over the past year to $520 per week, while unit rents have remained stable at $420 per week. This stability in unit rents, combined with the rise in house rents, suggests a balanced market, making Silkstone an attractive option for both renters and investors seeking steady returns in a suburban setting.
Suburbs near Silkstone
Some popular suburbs near Silkstone include: