Located in Queensland within the Ipswich local government area, North Ipswich is a smaller residential area (postcode 4305). The area has roughly 4,527 residents and an established family demographic, with a median age of 38. Households earn a median income of $74K per year, with an average household size of 2.4 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Irish.
Median house prices in North Ipswich stand at $550,000, having risen steeply by 22.9% over the last twelve months. Units have a median price of $159,000 (+26.8% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,300.
North Ipswich is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 983, which is around the national average of 1,000. Public transport access includes 40 bus stops. The crime rate in the Ipswich LGA is moderate at 6,631 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.9% (moderate yield). Property prices sit below the state median ($550K/$1.1M), which can point to relative value. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +22.9% 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.