Menu
News

Recovery in property market picks up pace

THE number of property sales in Ipswich is almost back to pre-flood levels, according to half-yearly figures from PRDnationwide.

In the first six months of the year sales in the Ipswich area increased by 14.1% on the same period in 2011.

PRDnationwide Ipswich principal Peter Mendoza said the market appeared to be getting back on track.

"Over the past few years a lot of people put things on hold but we get the feeling there's a lot more confidence in the market now and people are starting to list and sell," he said.

According to the PRDnationwide research, 30% of total sales in the Ipswich area were in the sub-$250,000 price range in the June 2012 period, compared to 15% in the June 2010 period. The median house price sits at $293,000.

Mr Mendoza said properties in Ipswich were still up to 35% cheaper than those in inner Brisbane.

"This is a major drawcard, even for those who work in the Brisbane CBD ," he said.

PRDnationwide's Yamanto area statistics, including the suburbs of Yamanto, Flinders View and Raceview, showed a 22.7% jump in housing sales in Ipswich's southern suburbs.

However, the median house price in the area was down 4.6% to $310,000 for the June 2012 period.

Yamanto had the highest growth year-on-year with a 76% increase, from 29 sales to 51. It was followed by Karalee which had a 47% increase from 17 to 25 sales.

Not all suburbs were positive, however, with Eastern Heights experiencing a 50% drop in property sales in the first six months of the year.

TOP 5 SUBURBS

The five Ipswich suburbs with highest annual change in property sales according to PRDnationwide:

1. Yamanto 78%

2. Karalee 47%

3. Flinders View 36%

4. Bundamba 23%

5. Leichhardt 20%

Topics:  prdnationwide property sales



WATCH: Rodeo queens take on Harley motorbikes

(From left) Miss Rodeo Australia entrants Dakota Michaelis (Petersborough), Tammie Conroy (Taroom). Nicole Evans (Millmerran), Nikea Coulson (Kooralbyn), Ashleigh Grant (Warwick), Kate Taylor (Cloncurry), (front) reigning Miss Rodeo Australia Emma Deicke.

Queens in town for quest enjoy special tour of Warwick

Alcohol-fuelled brawl ends in court date

CHARGED: A man will face court after allegedly fighting in a public place.

Man charged after fighting on Fitzroy St in Warwick

MEMORY LANE: Warwick's history laid bare on Facebook

MEMORIES: Commonwealth Bank in Warwick, 1932, next door to the Friendly Society Pharmacy.

Last pistol duel and happy marriages, a woman discovers it all

Local Partners