City of IpswichEconomic profile
Skip to content

City of Ipswich

Housing valuation

At June 2018, City of Ipswich had a median house valuation of $347,530, $110,830 lower than the median house valuation for Queensland.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Housing Valuation System

Housing values
City of Ipswich20182014Change
Housing value (at June)City of IpswichQueenslandCity of Ipswich relative to QueenslandCity of IpswichQueenslandCity of Ipswich relative to Queensland2014 to 2018
House--------------
First Quartile$297,944$316,285-5.8%$263,278$316,236-16.7%+$34,666
Median$347,530$458,360-24.2%$306,698$418,290-26.7%+$40,832
Third Quartile$428,916$639,156-32.9%$371,882$543,256-31.5%+$57,034
Unit--------------
First Quartile$201,005$273,559-26.5%$198,152$262,692-24.6%+$2,853
Median$229,994$356,880-35.6%$222,300$328,583-32.3%+$7,694
Third Quartile$255,064$444,896-42.7%$255,074$408,410-37.5%-$10

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Queensland: $444,896 Median, Queensland: $356,880 First Quartile, Queensland: $273,559 Third Quartile, Queensland: $639,156 Median, Queensland: $458,360 First Quartile, Queensland: $316,285 Third Quartile, City of Ipswich: $255,064 Median, City of Ipswich: $229,994 First Quartile, City of Ipswich: $201,005 Third Quartile, City of Ipswich: $428,916 Median, City of Ipswich: $347,530 First Quartile, City of Ipswich: $297,944
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Queensland: $36,486 Median, Queensland: $28,297 First Quartile, Queensland: $10,867 Third Quartile, Queensland: $95,900 Median, Queensland: $40,070 First Quartile, Queensland: $49 Third Quartile, City of Ipswich: $-10 Median, City of Ipswich: $7,694 First Quartile, City of Ipswich: $2,853 Third Quartile, City of Ipswich: $57,034 Median, City of Ipswich: $40,832 First Quartile, City of Ipswich: $34,666
Source: Hometrack 2014-2018, Housing Valuation System

To continue building your economic story go to...

v19.07.26-1.0.1