2/7 Ipswich Street
Property Rating: 48
51 days on Market

2/7 Ipswich Street,
Riverview, Qld

townhouse
First listed on 11/11/2024
Property Overview
Bedrooms2
Bathrooms1
Car Spaces1
Current Asking Price

Withheld

Cash Required (10% Deposit)

$2,215

Agent

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Market Appraisal

Confidence

High

-

Medium

-

Low

-

Appraised Rent

Confidence

-

Original Listing

Street Statistics

Public Housing (%)

2.2%

Owner Occupiers (%)

58.8%

Median Street Sold Price

$553K

Median Street Rental Yield

4.9%

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Property Investment Scores

Property

Configuration

Very Poor

Street

Sweet Spot

Poor

Suburb

Proj. Growth

Very Good

Overall

Investment

Average

Under Market Value

$35,000

Net Cashflow PA

-$12,758

Gross Yield

4.0%

Purchase Costs

Asking Price

-

Estimated Purchase Price

$585,000

Stamp Duty

$19,350

Transfer Fee

$1,952

Conveyancing

$1,665

Deposit (10%)

$58,500

Reg. Mortgage

$224

LMI Premium

$16,519

Renovation Costs

-

Total Cash/Equity Required

$98,760

Income Statement (Cashflow)

Income

Assumptions

Year 1

Year 10

Rent Received

+4.0% PA

$23,400

$33,305

Expenses

Property Management

+7.7% PA

$1,802

$2,565

Rates

+3.0% PA

$1,424

$1,858

Water

+3.0% PA

$1,401

$1,828

Insurance

+3.0% PA

$1,250

$1,631

Repairs & Maintenance

+3.0% PA

$1,000

$1,305

Net Operating Income

$16,523

$24,119

Interest Repayments

$34,749

$34,749

Net Cashflow Before Tax

-$18,226

-$10,630

Depreciation

-

-

Tax Offset

-$5,468

-$3,189

Net Cashflow After Tax

-$12,758

-$7,441

Balance Sheet

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Assets

Assumptions

Year 1

Year 10

Property Value

6.8%

$662,160

$1,197,028

Liabilities

Loan Balance

I.O

$526,500

$526,500

Net Equity

$135,660

$670,528

Property Inspection Report

Property Overview

Experience premier townhouse living at 27 Ipswich Street, Riverview. This modern gem features two spacious bedrooms, a versatile two-way bathroom, and an open-plan living area ideal for entertaining. Enjoy outdoor relaxation in your private courtyard oasis. With a lock-up garage and visitor parking, convenience is assured. Riverview's key amenities, including schools and shops, are within easy reach. Designed for investors and homeowners alike, this property promises both comfort and potential.

Inspection Checklist

  • Verify the condition of the two-way bathroom and check fixtures.
  • Examine the functionality and condition of the kitchen appliances.
  • Assess the private courtyard for maintenance needs and privacy.
  • Inspect the overall condition and size of both bedrooms.
  • Confirm the availability and condition of the visitor parking.
  • Review the property's current body corporate fees and any upcoming changes.
  • Check the proximity and noise levels from the Ipswich Motorway.
  • Verify the lock-up garage for size and ease of access.

Questions for Agent

  • Can you provide more details on the recent renovations or upgrades in the townhouse?
  • What are the expected monthly utilities and maintenance costs?
  • Are there any upcoming developments or changes planned for the Riverview area?
  • How many units are currently in the development, and what is the average occupancy?
  • Can you elaborate on the rental market demand and any recent trends in the area?
  • What is the history of the body corporate fee, and have there been any recent increases?
  • Is there any flexibility in the visitor parking arrangement for longer stays?
  • Are there any restrictions or guidelines set by the body corporate for renovations or modifications?

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Location Opportunity

City of Ipswich statistics

Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.

229,208

2021 Population

78

Suburbs

Demand

Employment

Em

New project

Pr

lifestyle

Li

population

Po

Supply

New Supply

Su

Opportunity

Opportunity

Op

Em

Employment Industries
Very Diverse

Health Care and Social Assistance - 14.0%

Manufacturing - 12.0%

Retail Trade - 11.0%

Education and Training - 11.0%

Others - 52.0%

income growth
Low

Average Income

COMMUTE TIME

21mins

11kms

Good

Pr

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Spent Per Capita

$11K
1

Incitec Pivot

Incitec Pivots new ammonia plant will produce 360000 tonnes of ammonia per annum with a total investment of 220 million

ManufacturingConfirmed
$220M
2

Orica

Oricas new ammonium nitrate plant will produce 300000 tonnes per annum with a total investment of 100 million

ManufacturingUnder Construction
$100M
3

Lion

Lions Ipswich Brewery expansion will increase production capacity by 50 with a total investment of 30 million

ManufacturingConfirmed
$30M
4

Queensland Government

The Queensland Governments proposed Redbank Plains Industrial Estate will provide 100 hectares of industrial land with a total investment of 50 million

ManufacturingUnder Consideration
$50M
5

Queensland Government

The Ipswich Water Treatment Plant Upgrade will increase the plants capacity to meet growing demand and improve water quality

Energy, Electricity, Gas & WaterUnder construction
$30M
6

Seqwater

The Bundamba Advanced Water Treatment Plant will provide a reliable and sustainable source of water for the Ipswich region

Energy, Electricity, Gas & WaterConfirmed
$100M
7

APA Group

The Ipswich Gas Pipeline will provide a new source of natural gas for the Ipswich region

Energy, Electricity, Gas & WaterUnder consideration
$50M
8

Stanwell Corporation

The Redbank Power Station Upgrade will increase the power stations capacity and improve its efficiency

Energy, Electricity, Gas & WaterUnder consideration
$200M
9

New Hope Group

Expansion of the existing New Acland Coal Mine to increase production and extend the mine life

MiningConfirmed
$900M
10

Cockatoo Coal Limited

Expansion of the existing Ebenezer Mine to increase production and extend the mine life

MiningUnder Construction
$150M
11

Stanmore Coal Limited

New coal mine development to produce highquality coking coal

MiningConfirmed
$100M
12

Queensland Government

The Ipswich Hospital Redevelopment is a major project that will deliver a new hospital and expanded healthcare services to the Ipswich community

Community & Other servicesUnder construction
$282M
13

Ipswich City Council

The Ipswich Sports and Entertainment Precinct will feature a new stadium sports fields and entertainment facilities providing a vibrant hub for the community

Community & Other servicesConfirmed
$150M
14

Ipswich City Council

The Ipswich Civic Centre Redevelopment will upgrade the existing civic centre providing improved community facilities and services

Community & Other servicesUnder consideration
$50M
15

Ipswich City Council

The Rosewood Library and Community Centre provides a modern library and community facilities for the Rosewood community

Community & Other servicesComplete
$20M
16

Queensland Health

The Ipswich Hospital Redevelopment project involves the construction of a new hospital building as well as upgrades to existing facilities

HealthUnder construction
$240M
17

Healthscope

The Ipswich Private Hospital Expansion project involves the construction of a new wing increasing the hospitals capacity by 50 beds

HealthConfirmed
$30M
18

Queensland Health

The West Moreton Healths Mental Health Facility project involves the construction of a new mental health facility providing specialized care for patients in the region

HealthUnder consideration
$25M
19

Queensland Government

The Ipswich Motorway Upgrade is a 400 million project to upgrade the Ipswich Motorway to improve safety reduce congestion and increase capacity

Transport & StorageUnder construction
$400M
20

Queensland Rail

The Redbank Plains Rail Upgrade is a 150 million project to upgrade the rail line to improve safety and increase capacity

Transport & StorageConfirmed
$150M
21

Queensland Government

The Ipswich Intermodal Terminal is a proposed 100 million project to develop an intermodal terminal to improve freight efficiency and reduce congestion

Transport & StorageUnder consideration
$100M
22

Ipswich City Council

A 150 million revitalisation of the Ipswich CBD including new retail dining and entertainment precincts as well as improved public spaces and infrastructure

Mixed useUnder construction
$150M
23

Private Developer

A 80 million mixeduse development featuring retail dining and residential spaces as well as a new public park

Mixed useConfirmed
$80M
24

Queensland Government

A 100 million mixeduse development featuring a new riverfront precinct including retail dining and residential spaces as well as improved public transport infrastructure

Mixed useUnder consideration
$100M
25

Springfield Land Corporation

A 120 million mixeduse development featuring a new town centre including retail dining and residential spaces as well as improved public spaces and infrastructure

Mixed useComplete
$120M
26

Springfield Land Corporation

A 50m master plan to develop the Springfield Central precinct including new residential commercial and retail spaces

Finance, Property & Business servicesConfirmed
$50M
27

QIC

A 100m expansion of the Riverlink Shopping Centre including new retail spaces dining precincts and upgraded amenities

Finance, Property & Business servicesConfirmed
$100M
28

Springfield Land Corporation

The Springfield Tower is a proposed 30storey residential tower in the heart of Springfield offering stunning views of the surrounding landscape

AccommodationConfirmed
$200M
29

Ipswich City Council

The Ipswich CBD Hotel is a proposed hotel development in the heart of Ipswich aimed at supporting the growth of the local tourism industry

AccommodationUnder consideration
$50M
30

Queensland Government

Upgrade of Redbank Plains Road to improve traffic flow and reduce congestion

TradeConfirmed
$30M
31

Aurizon

Development of a logistics park to support the growth of the regions freight industry

TradeUnder construction
$200M
32

Queensland Health

Upgrade of communication systems at Ipswich Hospital to improve patient care and staff efficiency

CommunicationUnder construction
$25M
33

Ipswich City Council

Upgrade of telecommunications infrastructure to improve communication services for residents and businesses

CommunicationConfirmed
$30M
34

Optus

Upgrade of Optus mobile network infrastructure to improve coverage and capacity in Ipswich

CommunicationUnder construction
$40M
35

Ipswich City Council

A new horticulture hub to support the growth of the local agriculture industry

Agriculture, Forestry & FishingUnder construction
$25M
36

Australian Country Choice

An expansion of the existing beef feedlot to increase production capacity

Agriculture, Forestry & FishingConfirmed
$30M
37

Forestry Corporation of Queensland

A new forestry plantation to support the growth of the local forestry industry

Agriculture, Forestry & FishingUnder consideration
$40M
38

Queensland Government

The Redbank Plains State High School is a new high school in the Redbank Plains area providing education for up to 1500 students

GovernmentComplete
$50M

Li

Local Services

Very Good

1

Ebenezer

Train Station

1km
2

Woolworths

Supermarket

7km
3

Coles

Supermarket

11km
4

Bunnings

Shopping Centre

10km
5

Bunnings

Shopping Centre

15km
6

Brisbane-Archerfield Airport

Airport

35km
7

Brisbane Airport

Airport

52km
8

Ipswich Hospital

Hospital

10km
9

Ipswich Day Hospital

Hospital

11km
10

Walloon State School

School

7km
11

St Brigids Catholic Primary School - Rosewood Campus

School

8km
12

Rosewood State School

School

8km
13

University of Southern Queensland - Ipswich Campus

University

10km
14

University of Southern Queensland - Springfield Campus

University

24km

Po

Population Growth

Average Population

POPULATION vs SUPPLY
Under Supply

Projected Population Growth

8.0%

projected

for 2025 to 2027

Very High

Su

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Recent New Home Construction

3.0%

High
SALES PRICE GROWTH

Monthly % Change in Median House Prices (Prev. Quarter)

RENTAL YIELD
Excellent

Average Rental Yield

VACANCY RATE
Excellent

Average Vacancy Rate

Days of Supply
Good

Average Days of Supply

Owner Occupier Level

No data available

VENDOR DISCOUNTING
Poor

Average Population

Pricing

Sold Price

Asking Price

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