Walloon

POSTAL CODE: QLD, 4306
HOUSE

Property investors enjoyed capital gains of 15% over the last 12 months in WALLOON, translating to higher returns compared with its peers in QLD.

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

The suburb posted a 54.02% 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 $615 based on current median home prices for the suburb.

On average, rents on listings have reached the $615 mark, reflecting a 3.71% increase in returns based on the current median price in WALLOON.

WALLOON, 4306 ranks 556th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 371st on the list of best yielding suburbs for rental properties in QLD, posting a 3.71% return.

Surburb overview

Walloon, located in the City of Ipswich, Queensland, is approximately 52.7 kilometres west-southwest of Brisbane's central business district. The suburb encompasses an area of 18.4 square kilometres and is characterised by a mix of rural residential zones and grazing lands. 

The Warrego Highway forms its northern boundary, while the Bremer River defines the southern edge. Walloon railway station, situated on the Main Line, provides residents with access to train services connecting to Ipswich and Brisbane. The station is part of the TransLink network and is located in Zone 3 of the Go Card system.

As per the 2021 Census, Walloon had a population of 2,305 individuals. The median age was 35 years, slightly younger than the national median. Approximately 5.6% of residents identified as Aboriginal and/or Torres Strait Islander peoples. The majority of the population was born in Australia, and English was the predominant language spoken at home.

Public transportation in Walloon is primarily facilitated by the Walloon railway station, offering regular train services to Ipswich and Brisbane. The train journey to Brisbane's Central Station takes approximately 1 hour and 3 minutes, with services operating multiple times daily.

Essential amenities within Walloon include a medical centre, pharmacy, bakery, IGA supermarket, and a service station. The Walloon Hotel, a local pub, provides dining options for residents. Walloon State School offers primary education, and its facilities include an outdoor education program featuring a high ropes course.

Several parks and community events support recreational activities in Walloon. Henry Lawson Bicentennial Park serves as a local green space, while Guilfoyles Park features a multi-level castle-themed playground suitable for children. The suburb hosts "My Local Market" on the first Sunday of each month, offering fresh produce, handmade goods, and family-friendly entertainment.

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