Did you know that warriors from indigenous tribes founded Ipswich? The Massachusetts town was named after two big dogs belonging to the Earl of sound, who discovered the area.
Dripping with historic details such as that, Ipswich is also a hub for forward-thinking progress.
Here’s everything you need to know about Ipswich, from Ipswich real estate prices to fun facts about this stunning town!
1. Lowest Rental Vacancy Rates
In 2023, Ipswich real estate is projected to experience some of Australia’s lowest rental vacancy rates. The region continues to experience population increases due to its proximity to Brisbane and the Gold Coast. Yet, rental vacancy rates decreased across all areas.
This decrease in rental vacancy has allowed tenants to negotiate better rental prices over the last decade. It leads to an increase in the quality of rental properties. Besides, the Ipswich property market is becoming increasingly attractive to investors due to these low rental vacancy rates.
2. Good for Investment
Purchasing Ipswich real estate in 2023 is a good investment option with many exciting facts. One such example is the new rules and regulations governing home appraisal in the area. It is now mandatory for homeowners to get a property appraisal before selling their houses.
It ensures their asking price is fair and up-to-date. Finally, the number of new developments on the market is increasing, providing a diverse portfolio of housing options for new property owners interested in the Ipswich real estate market.
3. Wide Variety of Property Types
With various property types, buyers will find something that suits their budget and lifestyle. The market houses different property types, such as single-family homes, townhouses, villas, apartments, and condos.
The Ipswich area also offers a variety of affordable foreclosed properties and luxurious properties catering to high-end buyers. Ipswich’s waterfront locations give incredible views and a relaxing atmosphere for those looking for something different.
4. Has a Low Crime Rate
2023 is a great time to invest in Ipswich real estate. One of the most exciting facts about investing in Ipswich houses in 2023 is that the area has a meager crime rate.
The city has benefited from rigorous policing and enforcement of law and order, making it one of the safest places to live. The city has attractive parks and a picturesque riverfront to add to its appeal.
5. Cost of Living Is Low
Ipswich Real Estate in 2023 is an exciting proposition for potential home buyers with a low cost of living. The city has seen incredible growth over the past decade, with developers building more houses, new roads, shopping centers, and other infrastructure.
Prices are still lower than in similar places but are expected to rise in the coming years. For example, renting a two-bedroom apartment in Ipswich is $1300, and purchasing a three-bedroom house is around $400,000. The Ipswich cost of living is low, allowing potential Ipswich homeowners to save money while still living comfortably.
Invest In Ipswich Real Estate Now
Ipswich’s immediate future is focused on growth and development.
Considering this, those interested in moving to the area will have plenty of options – whether they’re looking for a family home or a perfect investment opportunity.
With the exciting facts about Ipswich real estate in 2023, now is the time to start planning your move! Contact a local realtor today and begin your journey to a brighter future.
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