Blog

Ipswich and the Qld Property Market posted on the 9th July 2014

With a limited number of homes available for sale and more buyers coming to the market, it’s certainly increasing the competition in the market place.

Rising buyer demand along with lower supply of stock on the market results in becoming a sellers market. It also usually means that generally speaking, homes sell faster and sellers don’t have to discount their list price by as much in order to sell their property.

Strong market conditions are also evidenced by auction clearance rates which are close to record levels.

And the housing market continues to strengthen. According to RPData, there is a -4% decrease in the number of homes advertised for sale this past year, and a 13% increase in the number of home sales during this same period.

Interesting statistics that apply to us here in SE Queensland, Brisbane in particular. The Top10 Most Affordable suburbs (based on median value) for Brisbane are :

Train-Station-IpswichRussell Island
Leichhardt
Ebbw Vale (train line)
Dinmore (train line)
Riverview (train line)
Gailes (train line)
Basin Pocket
One Mile
Lamb Island
North Booval

Pretty good for our local Ipswich area and great for the property market !

Ipswich-Map

Speak to any local real estate agent in the area and they will all agree – the market is definitely on the move up. Leave buying that investment property until the end of the year, and you could miss the boat!

And the astute investors are also seeking investment properties that have the potential to add a granny flat – why not double your rent return ? It’s a no brainer really …

 

The Granny Flat Solution

 

DO YOU WANT TO DOUBLE YOUR RENT RETURN

BUT NOT SURE HOW?

Ring Sonia on 0403 309 136

 

 

 

Written by Sonia Woolley