Get a property report and suburb profile for any property in Silkstone

Please select your suburb from the drop down

Join the 2 million Australians* who use our services every year.

Geo Page

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 notable increase of 21.4%, bringing the median house price to $645,000. In contrast, unit values have remained relatively stable, with a slight increase of 0.8%, resulting in a median unit price of $252,000.

Sales activity has been predominantly in the housing sector, with 27 houses sold compared to just 1 unit in the past 12 months. Houses are selling rapidly, with a median of just 10 days on the market, while units are taking significantly longer at 202 days, indicating a disparity in demand between the two property types.

The rental market in Silkstone has seen a substantial increase in house rents, rising by 14.1% over the last 12 months, with an average rent of $525. Meanwhile, unit rents have remained unchanged, averaging $420, suggesting a stronger demand for rental houses in the area.

Median price - houses$648KPast 3 months

Median price - units$252KPast 3 months

Change in value - houses22.2%12 months

Change in value - units0.8%12 months

Houses sold28Past 3 months

Units sold1Past 3 months

Median DOM - houses10Past 12 months

Median DOM - units202Past 12 months

Average rent - houses$520Past 12 months

Average rent - units$420Past 12 months

Change in rent - houses12.4%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 notable growth, with house rents increasing by 14.1% over the past year to $525 per week, while unit rents have remained stable at $420 per week. This stability in unit rents, combined with the rise in house rents, highlights Silkstone as a balanced market with potential for both renters and investors seeking steady returns in a suburban setting.

Suburbs near Silkstone

Some popular suburbs near Silkstone include:

Common questions about Silkstone

  • Is Silkstone a nice place to live?

    Silkstone is a delightful suburb that offers a peaceful and welcoming environment, making it a wonderful place to call home. The suburb is known for its charming blend of heritage homes and modern residences, providing a unique character that appeals to a wide range of residents. Families, in particular, find Silkstone to be an attractive option due to its strong community spirit and the availability of well-regarded schools. The suburb's proximity to Ipswich CBD ensures that residents have easy access to a variety of services and employment opportunities, while still enjoying the tranquility of suburban life.

    The vibe in Silkstone is relaxed and family-oriented, with a focus on community and outdoor living. There are plenty of parks and green spaces for families to enjoy, as well as local shopping centers and cafes that cater to everyday needs. Safety is generally not a major concern, contributing to the suburb's appeal for families and individuals seeking a secure and friendly environment. While Silkstone may not offer the bustling nightlife of a city center, its charm lies in its quiet streets and the sense of belonging it fosters among its residents.

    One trade-off of living in Silkstone is that it may not suit those seeking a vibrant urban lifestyle, as it leans more towards a serene and laid-back atmosphere. However, for families and individuals who prioritize a balanced lifestyle with a strong sense of community, Silkstone is an excellent choice. The suburb's ongoing development and proximity to Ipswich CBD also suggest potential for future growth, making it a promising area for both homeowners and investors. Overall, Silkstone offers a harmonious blend of suburban tranquility and urban convenience, making it a nice place to live for those who value community and quality of life.

    Down Pointer
  • Is it expensive to live in Silkstone?

    Living in Silkstone can be considered moderately priced, especially when compared to other suburbs within the greater Brisbane area. The current median house price is $645,000, which is relatively affordable compared to Brisbane's inner-city suburbs. For those looking at units, the median price is even more budget-friendly at $252,000. Renting in Silkstone is also on the more affordable side, with houses averaging $525 per week and units at $420 per week over the past year.

    When we look at the average wage in Silkstone, which is around $70,000 per year, it aligns closely with the median total household income of $1,319 per week. This suggests that the cost of living, particularly housing, is manageable for residents earning the average wage in this suburb. Compared to the broader Brisbane area, Silkstone offers a more accessible entry point for both buyers and renters, making it a viable option for those seeking a balance between cost and lifestyle.

    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.
    Down Pointer
  • Is Silkstone a good place to invest?

    Silkstone is showing promising signs as a potential investment suburb, particularly for those interested in houses. Over the past 12 months, the median house value has surged by an impressive 21.4%, indicating strong demand and a healthy market. This growth is complemented by a significant 14.1% increase in house rents, suggesting that rental demand is robust and could provide a steady income stream for investors.

    While the unit market in Silkstone has been relatively stable, with only a slight 0.8% increase in median value and no change in rent, the overall stability can be appealing for those seeking a low-risk investment. The suburb's appeal lies in its potential for capital growth, especially in the housing sector, making it an attractive option for investors looking for both appreciation and rental income.

    Overall, Silkstone presents a compelling opportunity for property investors, particularly in the housing market. With strong growth in house values and rents, it offers a mix of capital appreciation and rental yield potential, making it a suburb worth considering for investment.

    Down Pointer
Geo Page

Get a head start and compare top local agents in Silkstone

Not quite ready to sell?

icon

Property report

Suburb and property report

Completed by independent professional experts not a computer.
icon

OpenEstimates

Digital estimate for your property

Compare your property to three recent sales to get a digital estimate.
icon

Navigate the market like a pro

Navigate the market

Get an understanding of the market signals you should keep an eye on.