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20 February 2017

Augustine Heights scores highest increase in Ipswich home prices


The Ipswich suburb of Augustine Heights has recorded the highest increase in house and land prices in the past year. 

According to the latest data by CoreLogic, prices in Augustine Heights increased 11.3% with a median house price at a record high of $540,000.

Karalee had the second highest percentage boost in the past 12 months of 9.9%  with median sale prices of $549,500.

These suburbs just eclipsed increases of 9.4% in Eastern Heights and 8.5% in Camira.

Pine Mountain scored the highest median sale price across Ipswich of $570,000 with a 6% boost in the past year.

The booming residential suburbs of Springfield and Ripley had increases of 6.1% and 5.8% respectively.

Goodna, the most-seriously flood affected suburb in southeast Queensland in 2011, continued its recovery with a 6.7% increase in median house prices of $309,500.

The prestigious suburb of Brookwater was not included in the data as there were fewer than 20 house and land sales in the past year.

Ipswich Deputy Mayor Paul Tully said the latest data was good news for Ipswich.

Cr Tully said the city's population had hit 200,000 last month and the economic strength of the western corridor was confirmed by the new house and land figures.

"These latest increases in the past year represent a significant boost for Ipswich residents and ratepayers.

"Ipswich has the highest growth rate of any city in Queensland and we are on the threshold of major development and residential activity over the next 20 years," Cr Tully said.

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