New land valuations show Ipswich land values have increased by more than 50 per cent overall since 2023, in one of the biggest rises across south-east Queensland.
The Queensland Valuer-General released valuations for the first time since 2023 last week for about 91,000 rateable properties across the City of Ipswich with an overall value of $48.6 billion, up from $30.4 billion.
Ipswich Mayor Teresa Harding said it was encouraging to see the city’s properties growing in value and increasing equity for owners, but acknowledged some residents and ratepayers might be concerned.
“Council is seeing most suburbs with new land valuations, on average, increase between 20 to 80 per cent. Some increases have been as high as 84 per cent,” Mayor Harding said.
“Many of our eastern suburbs – including Ripley, Springfield, Redbank Plains and Deebing Heights – have all experienced significant valuation increases.
“The highest median values are in Augustine Heights and Camira ($600,000), followed by Springfield ($590,000), Springfield Lakes ($560,000), Barellan Point ($550,000) and Spring Mountain ($540,000).
“Meanwhile some of our older suburbs such as Goodna and Gailes have experienced significant changes in median value, of 79 and 84 per cent respectively.
“These increases reflect Ipswich’s rapid rise in popularity as a place for families to live comfortably and enjoy everything our region has to offer, within a 50-minute drive to Brisbane.
“However, I want to assure our community that a large valuation increase across the city doesn’t automatically translate to a large increase in rates.”
The Valuer-General’s report noted the residential land market in Ipswich City Local Government Area had generally experienced significant property price movements since the March 2023 valuation, with first homeowners capitalising on Federal grants and competing with new residents for in-demand land.
Mayor Harding said property market changes had also been driven by increased opportunities for development under the new Ipswich City Plan 2025, and affordability for residential properties compared to Brisbane and other South-East Queensland markets.
“It is no secret: people want to live, work and enjoy the best city in South-East Queensland. But our surging population and the need to build 100,000 more homes over the next 20 years comes at a cost,” Mayor Harding said.
“Council is well aware of rising inflation, interest rates, cost-of-living pressures, soaring fuel prices and the last thing our residents and ratepayers need at the moment is a further blow to their personal budget.
“As it does each year, council will take into account the cost of providing services and facilities to the community in setting its budget and associated rating policies.”
The overview of 2026 land valuations for Ipswich can be found here.