Augustine Heights tops Ipswich's house prices as Brookwater slumps

Augustine Heights - leads Ipswich's house prices

The suburb of Augustine Heights has recorded the largest increase in Ipswich house prices in the past year, according to figures released by the Real Estate Institute of Queensland (REIQ).

Augustine Heights adjoins Brookwater and Springfield Central in Ipswich's eastern suburbs.

 

The median house price in Augustine Heights to December 2012 jumped 12.4% from $455,000 to $511,500.

 

East Ipswich came in second with a 9.8% increase ahead of Springfield Lakes (1.7%) scored the third highest increase in the city.

 

The median house price in East Ipswich was $252,500 and Springfield Lakes $378,900.

 

Surprisingly the Greater Springfield suburb of Brookwater, home to the prestigious Brookwater Golf course, failed to make the latest REIQ listings because of insufficient reportable sales in 2012.

 

The REIQ requires more than 7 house sales over the last quarter or more than 25 over the past year before a suburb is included in its data.

 

The Augustine Heights figures are even more impressive given they were exceeded only by the Brisbane suburbs of Chelmer and Wilston and were higher than all other southeast Queensland suburbs in Logan, Redland, Gold Coast, Moreton Bay and Toowoomba.

 

Local Councillor Paul Tully (Division 2) said the latest figures for Augustine Heights followed data from the last census which showed the suburb had the second highest percentage of 4-bedroom homes in Australia.

 

"This is great news for Ipswich's eastern suburbs and shows the city is moving forward from the disastrous years of the global financial crisis."

Cr Tully predicted Ipswich house prices would continue to increase over the next year.

 

He said the commencement of residential development in the Ripley Valley would give Ipswich the largest array of house and land options of any city in southeast Queensland.

 

"Ipswich remains one of the fastest-growing regions in Australia and the western corridor will continue to experience unprecedented growth.

 

"Our current population is 175,000 and is tipped to hit 200,000 by the end of the decade."

 

Greater Goodna is the geographical centre of southeast Queensland





City of Ipswich boundary on the Ipswich
Motorway at Gailes

Greater Goodna has the unique distinction of being the geographical centre of southeast Queensland.



It is bounded by the Ipswich/Brisbane City boundary to the east, the Brisbane River to the north, Six Mile Creek to the west and south to the Logan City boundary between White Rock and Springfield Lakes.

 

Greater Goodna is traversed by the Ipswich Motorway and the Centenary Highway with the Logan Motorway on its eastern boundary.

 

The Ipswich Motorway splits at Riverview into the Warrego Highway (Darren Lockyer Way) to Toowoomba and the Cunningham Highway to Warwick.

 

Greater Goodna was discovered by John Oxley on his voyage up the Brisbane River in 1823 where he stopped at Termination Hill, adjacent to Woogaroo Creek Goodna.  His diary records that the party ventured southeast of Termination Hill for several miles where they spotted a dingo on a ridge.  This area was thereafter named Dingo Hill but was re-named Gailes in 1925. 

Dingo Hill now exists as an officially-named geographic feature standing a bare 59 metres above sea level - reputed to be the smallest officially-named hill in Queensland.

 

Greater Goodna is now the Gateway to Ipswich and the Darling Downs.

 

Southeast Queensland runs from the Gold Coast suburb of Coolangatta in the south, north to Noosa and the Sunshine Coast and west to Tooowoomba.

 

Greater Goodna is the physical geographic centre of southeast Queensland, making it a unique partner in the economic growth of Australia's fastest-growing region.