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Booval

POSTAL CODE: QLD, 4304
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Property investors enjoyed capital gains of 16.25% over the last 12 months in BOOVAL, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 10.2% growth over a ten-year period. It ranks 16th on our list of suburbs that property investors should look into.

BOOVAL, 4304 has a capital gain of 16.25% for the past year, which is lower than average compared to its 140.52% growth within a five-year period.

With the median home price in BOOVAL sitting at $697,500, and the average rent at $515, property owners could potentially earn a 3.84% increase in gross rental yield.

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

BOOVAL, 4304 in QLD belongs to the local government area of Ipswich.

Surburb overview

Booval is a well-established suburb in the City of Ipswich, Queensland, located approximately 3 km east of the Ipswich Central Business District (CBD) and about 37 km southwest of Brisbane. Known for its blend of residential and commercial areas, Booval offers a convenient lifestyle with excellent connectivity and a range of amenities.

As per the 2021 Census, Booval had a population of 2,723 residents, with a median age of 43 years. The suburb comprises 1,488 private dwellings, with an average household size of 2 people. The median weekly household income is $994, and the median weekly rent is $265.

The property market in Booval has shown significant growth. The median house price is approximately $600,000, reflecting an annual capital growth of 15.94%. Units have a median price of $425,000, with a notable yearly growth of 23.19%. Houses typically spend 23 days on the market, while units spend an average of 14 days on the market.

Booval is well-connected via public transport. The Booval railway station, opened in 1876, provides regular Queensland Rail City network services to Brisbane, Ipswich, and Rosewood.  Additionally, several bus routes, including 500, 502, 503, and 514, service the area, with stops near Booval Station and Booval Fair.

Booval offers a range of amenities catering to residents' needs. The Booval Fair Shopping Centre, located on Brisbane Road, features major retailers like Woolworths and Big W, as well as a diverse range of specialty stores. For additional shopping options, residents can visit nearby Silkstone Village, which houses a Coles supermarket and other retail outlets.

Healthcare services are accessible within the suburb, including the Monarch Mental Health Group located at 32 South Station Road. The Ipswich City Council operates a fortnightly mobile library service that visits Cole Street, providing residents with access to library resources.

Educational facilities in Booval include Sacred Heart School, a Catholic primary school catering to students from Prep to Year 6. In 2018, the school had an enrolment of 538 students.  For secondary education, students typically attend schools in neighbouring suburbs, such as Bundamba State Secondary College.

Booval boasts several parks and recreational facilities. Cameron Park is a popular spot for outdoor activities, while the Booval Bowls Club offers lawn bowling facilities. The suburb is also home to the Booval Swifts Rugby League Football Club, which has a rich history dating back to the 1920s.

Booval offers a balanced lifestyle, combining residential charm with commercial convenience and excellent transport links. Its growing property market and range of amenities make it an attractive option for families, professionals, and investors alike.

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