Brookwater

POSTAL CODE: QLD, 4300
HOUSE

Property investors enjoyed capital gains of 8.42% over the last 12 months in BROOKWATER, translating to lower returns compared with its peers in QLD.

Figures from the previous quarter show that capital gains for real estate buyers in BROOKWATER are low, as opposed to average gains per annum over the past five years.

The suburb posted a 28.7% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $875 based on current median home prices for the suburb.

On average, rents on listings have reached the $875 mark, reflecting a 3.07% increase in returns based on the current median price in BROOKWATER.

BROOKWATER, 4300 ranks 710th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 583rd on the list of best yielding suburbs for rental properties in QLD, posting a 3.07% return.

Surburb overview

Brookwater is a residential suburb located within the City of Ipswich, approximately 33 kilometres south-west of Brisbane CBD. It forms part of the Greater Springfield development, Australia's largest master-planned community. Bellbird Park borders the suburb to the north, Augustine Heights to the west, Springfield to the east, and Springfield Central to the south.

According to the 2021 Census, Brookwater had a population of 2,902 people. The suburb is characterised by a high proportion of family households, with 91.7% identified as such. The average household owns 2.3 vehicles, indicating a reliance on private transport.

Public transport options in Brookwater include the Springfield Central railway station, located just south of the suburb, providing access to Brisbane and Ipswich via the Springfield railway line. However, only 4.5% of residents reported using public transport for commuting, while 61.5% travelled by car. Major roads, such as the Centenary Highway, Logan Motorway, and Ipswich Motorway, are easily accessible, making road travel convenient.

Essential services are available within and near Brookwater. The suburb is home to the Mater Health Centre, Brookwater, which offers a range of medical services. Brookwater Village Shopping Centre offers a diverse range of retail options, including a Woolworths supermarket, as well as a variety of restaurants and cafés. For education, while there are no schools within Brookwater itself, nearby institutions include Augusta State School in Augustine Heights and Springfield Central State High School in Springfield Central.

Recreational amenities in Brookwater are notable. The Brookwater Golf and Country Club features an 18-hole course designed by Greg Norman and has hosted events such as the Isuzu Queensland Open. The suburb also features several parks, including Myrtle Crescent Park, Oakmont Park, and Opossum Creek Parklands, providing residents with green spaces for outdoor activities.

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