The post-budget guide to commercial property investing

North Booval

POSTAL CODE: QLD, 4304
HOUSE

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $740,000.

The upward trend in home prices in NORTH BOOVAL, 4304 averaged 25.4% per annum over a 3-year period.

Average weekly rents on listings have reached the $560 mark, reflecting a 3.94% increase in returns based on the current median price in NORTH BOOVAL.

An average of 6.25 real estate transactions take place per month in NORTH BOOVAL which translates to 75 per annum.

75 properties were sold in NORTH BOOVAL in 2016, making it the 113th most active market in QLD based on total real estate transactions.

NORTH BOOVAL, 4304 places 244th in Australia based on median property value growth during the quarter.

Surburb overview

North Booval is a residential suburb located approximately 5.8 kilometres northeast of the Ipswich central business district and about 38 kilometres southwest of Brisbane CBD. The Bremer River bounds the suburb to the north and west, Bundamba Creek to the east, and the Main Line railway to the south. The land use is predominantly residential, with some areas in the northern river flats used for grazing on native vegetation.

As of the 2021 Census, North Booval had a population of 3,041 residents. The suburb covers an area of approximately 3 square kilometres. The median age of residents is 33 years, which is younger than the Queensland median of 38. Children aged 0–14 years make up 23.2% of the population, indicating a community with a significant number of young families.

Public transportation in North Booval includes the Booval railway station, located on its southern border, providing access to the Queensland Rail City network with services to Brisbane, Ipswich, and Rosewood. Bus services operated by Westside Bus Company also serve the area, connecting residents to various parts of Ipswich.

There are no schools within North Booval itself. The nearest government primary school is Ipswich East State School, located in East Ipswich. The closest government secondary school is Bundamba State Secondary College, situated in Bundamba.

Healthcare services are accessible at Ipswich Hospital and St Andrew's Ipswich Private Hospital, both situated within a short distance from the suburb. Nearby shopping centres, including Booval Fair Shopping Centre, cater to retail needs by offering a variety of stores and services.

Recreational facilities in North Booval include several parks, such as MJ Kinnane Park, Rossner-Gibney Park, Jack Barkley Park, and Fail Park, which provide green spaces for outdoor activities and community gatherings.

North Booval's location provides convenient access to major highways, making travel to both Ipswich and Brisbane easy. The suburb's residential character, combined with its access to essential services and recreational amenities, contributes to its appeal within the Ipswich area.

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