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Camira tops the list in Ipswich house and land prices

The Ipswich suburb of Camira has topped the list with average property prices increasing 9.8% over the past quarter.

Flinders View scored a 9.3% increase with Raceview coming in at third spot on 5.5%.

In the past year, the best performing Ipswich suburb was Karalee with a 15.9% increase followed by Flinders View on 12.5%.

Across the city, average house prices experienced a 1.6% increase from $315,000 to $320,000 from December 2008 to December 2009.

Apart from Camira, in Ipswich's eastern suburbs, the best-performing suburbs were Springfield Lakes and Goodna with 4.1% and 1.7% increases respectively.

Ipswich City Council Planning and Development chair Cr Paul Tully said Ipswich had weathered the global financial crisis remarkably well.

"Prices have held up in most suburbs and the developing western corridor remains strong with house and land prices set to increase significantly in future years."

"The development potential between Springfield and the Ripley Valley will ensure Ipswich's population will double from 166,000 to over 320,000 in the next 20 years," Cr Tully said.

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