Ipswich is a smaller suburb in Queensland within the Ipswich local government area (postcode 4305). The area has roughly 2,468 residents and a settled, mature resident base, with a median age of 45. Households earn a median income of $59K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Ipswich is $550,000, having surged by 19.4% over the past year. Units have a median price of $385,000 (+24.2% YoY). The current median weekly rent is $270. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,500.
Ipswich is served by 6 schools, including 1 primary, 2 secondary, 1 combined, 2 special. The average ICSEA score is 986, which is around the national average of 1,000. Public transport access includes 2 rail stations, 33 bus stops. Healthcare facilities include 1 public and 2 private hospitals. The crime rate in the Ipswich LGA is moderate at 6,631 incidents per 100,000 population.
On the investment side, Ipswich shows a gross rental yield of approximately 2.6%, rated as low yield. Property prices sit below the state median ($550K/$1.1M), which can point to relative value. The price-to-income ratio of 9.3x is considered moderate. House prices have moved +19.4% year-on-year. Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.