‍

Ipswich Capital Gains Lead Brisbane

‍

In a trend reflected across Australia’s Capital cities capital growth in many Ipswich suburbs has significantly outpaced Brisbane metro suburbs in the last 12 Months as demonstrated in CoreLogic’s latest monthly chart pack. This is largely a response to tighter lending conditions and reduced borrowing capacity for both owner occupiers and investors alike. This has forced buyers to look to the lower quartile of the market resulting in increased demand in more affordable areas.

‍

CoreLogic’s Research Director, Tim Lawless, said that despite broad economic headwinds, strong capital growth has clustered in city outskirts where home values remain “just” within reach for many Australians.

‍

“Households are making pragmatic decisions in response to tighter borrowing capacity and higher mortgage costs.”

‍

"That’s pushed demand towards the lower quartile of the market, and it’s across the outer suburbs that this value-driven demand is translating into the strongest growth.”

‍

In the greater Brisbane area values across the lower quartile of the market are up 14.0% over the past 12 months compared with a 4.8% rise in values across the upper quartile.  Across the top 20 suburbs recording the highest annual gain in values, 17 were located at least 20km from the Brisbane GPO, with more than half (11) of the top 20 located within the Ipswich LGA.

‍

We expect this trend to continue for the foreseeable future with no plans for APRA to reduce its 3% serviceability buffer even with interest rates trending down. We also expect further growth in Ipswich to be supported by more first home buyers entering the market off the back of the Federal Government’s expanded 5% deposit scheme.

‍

Change in dwelling values, 12 months to April 25

Chart from CoreLogic Monthly Housing Chart Pack May 2025

Heights Leichhardt North Ipswich Silkstone West Ipswch Harristown Glenvale KearneySprings Wilsonton Wilsonton Heights Centenary Heights South Toowoomba North Toowoomba Newtown Rangeville Middle Ridge East Toowoomba Drayton Highfields Cotswold Hill