The unit market in Springfield and Ipswich has shifted considerably over the past twelve months. Whether you're stretching to your first purchase with a smaller deposit, upgrading to an investment with strong rental demand, or buying a low-maintenance home as a downsizer, the corridor between Springfield and Ipswich now offers unit options at a range of price points with genuine capital growth behind them.
CoreLogic data shows unit growth running well above the national average across several suburbs here, with medians from the mid-$500,000s to $700,000. The gap between house and unit prices in this area remains meaningful, and for buyers who need that gap to make the numbers work, the unit market is doing real lending work right now.
Our team helps buyers across Springfield and Ipswich, QLD compare loan structures across 60+ lenders. The property investor side of unit lending in particular is where lender choice makes the biggest difference, because unit policies vary more between lenders than almost any other residential category.
Here is where the unit data points, and what it means for your deposit and borrowing.
Key takeaways
- Bellbird Park units grew 43.75% in 12 months, the strongest in the set.
- Unit medians range from $520,000 in Booval to $700,000 in Springfield Lakes.
- Most suburbs here sit under the $1,000,000 First Home Guarantee price cap.
What are the best suburbs for units and apartments in Springfield and Ipswich, QLD?
The strongest unit suburbs in the corridor are Bellbird Park, Goodna and Springfield Lakes on the Springfield side, and Raceview, Bundamba and Booval on the Ipswich side. Unit medians run from $520,000 in Booval to $700,000 in Springfield Lakes, with 12-month growth figures ranging from 14% to well above 40% in the standout performers. Every suburb in this set sits below the $1,000,000 price cap that governs the First Home Guarantee and the Family Home Guarantee, which means first home buyers can access government deposit support across the whole list.
Best suburbs for units in the Springfield area
Bellbird Park
Bellbird Park suits first home buyers and investors looking for genuine growth in a family-oriented suburb at an accessible entry point.
- Median unit price: $690,000
- 12-month unit growth: +43.75%
- Best suited for: investors and first home buyers seeking the strongest growth run in the Springfield corridor
Goodna
Goodna offers the most affordable unit entry point on the Springfield side and strong growth, with a rail connection at Goodna station adding to its buyer-pool appeal.
- Median unit price: $547,500
- 12-month unit growth: +38.61%
- Best suited for: first home buyers and yield-focused investors who want rail access and a sub-$600,000 entry
Redbank Plains
Redbank Plains is a volume suburb with a consistent unit market and growth running well above average, making it a reliable pick for investors who want liquidity alongside returns.
- Median unit price: $610,000
- 12-month unit growth: +19.61%
- Best suited for: investors and upsizers who want a larger suburb with a track record of steady growth
Springfield Lakes
Springfield Lakes sits at the premium end of the Springfield unit market, with the highest confirmed median in the corridor and a lifestyle appeal that supports resale values.
- Median unit price: $700,000
- 12-month unit growth: +17.25%
- Best suited for: downsizers, professionals and investors who want a premium address without crossing into house-price territory
We see a lot of buyers rule out units because they assume lenders treat them the same as houses. They don't. The minimum size policy, the high-density postcode question, and how the lender values the property all come before the rate conversation, and they're what determines whether the deal actually works.
Mel Wright · Director and Principal Mortgage Broker, Zest Mortgage Solutions · Chat to Mel →
Best suburbs for units in the Ipswich area
Collingwood Park
Collingwood Park has a growing unit market and sits well within the FHOG price cap, making it a strong pick for first home buyers who want new-build options at an accessible price.
- Median unit price: $610,000
- 12-month unit growth: +14.34%
- Best suited for: first home buyers and investors seeking a suburb on an upward trajectory with good highway access
Raceview
Raceview offers a solid mid-range unit market close to Ipswich CBD, with growth running above the Ipswich average and a broad buyer pool that supports resale.
- Median unit price: $580,000
- 12-month unit growth: +20.83%
- Best suited for: first home buyers, investors and downsizers wanting proximity to Ipswich services without a CBD price premium
Bundamba
Bundamba combines a below-median entry price with strong growth and a rail connection at Bundamba station, giving investors a yield and liquidity combination that's hard to find elsewhere in the set.
- Median unit price: $580,000
- 12-month unit growth: +23.40%
- Best suited for: yield-focused investors and first home buyers who want rail access in a suburb with clear growth momentum
Booval
Booval is the most affordable unit suburb in the Ipswich set, with the lowest median in the group and growth of nearly 25%, making it the entry point for buyers working with the tightest deposit.
- Median unit price: $520,000
- 12-month unit growth: +24.40%
- Best suited for: first home buyers and investors who need the lowest possible entry price in the Ipswich corridor
Source: CoreLogic (via YIP, mid-2026).
Get in touch Need help buying a unit in Springfield and Ipswich? We're a local team who understand how lenders actually assess your situation, not just your rate. We'll compare your options across 60+ lenders to find the right fit.
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What should unit buyers consider when choosing a suburb here?
The suburb decision for a unit buyer turns on a different set of factors than it does for a house buyer. Growth and yield matter, but so does the size and type of the stock you're buying into, because lenders assess units differently to houses and the property itself determines which lenders will consider it.
Three things to weigh before you commit to a suburb:
- ›Internal living area: mainstream lenders commonly require at least 50 square metres of internal living space, and some accept 40 square metres outside high-density precincts. A unit below that threshold narrows the panel significantly and can affect the valuation.
- ›Supply concentration: some lenders cap the LVR in postcodes they consider high-density or oversupplied. The suburbs in this set are low-to-medium density, which keeps the lender panel wide, but it's worth checking the specific building you're buying in.
- ›Rail access and resale: Goodna, Bundamba and Booval are all served by Queensland Rail stations. Rail access widens the future buyer pool, which supports resale values even when it doesn't affect your own commute.
- ›Growth versus yield: Bellbird Park leads on growth; Bundamba and Booval lead on yield. Most buyers are optimising for one of the two. Knowing which matters more to you makes the suburb choice simpler.
What do these medians mean for your deposit and borrowing?
Every suburb in this set sits below the $1,000,000 price cap that applies to the First Home Guarantee and the Family Home Guarantee in the Greater Brisbane capital-city area. That means a first home buyer can access a 5% deposit with no LMI across the whole list, and a single parent can use the Family Home Guarantee from a 2% deposit. At a $580,000 purchase price, a 5% deposit is $29,000. At $700,000, it is $35,000.
For buyers who are not first home buyers, the standard deposit structure applies. A 20% deposit eliminates LMI entirely; a 10% deposit keeps LMI manageable and keeps the LVR at 90%. The gap between a $520,000 Booval unit and a $700,000 Springfield Lakes unit is $180,000 in purchase price, but around $36,000 in deposit at 20%. Buyers working within a deposit range often find the suburb decision resolves itself once the numbers are laid out that way.
Investors should note that the negative gearing rules are changing from 1 July 2027. Properties purchased after 7:30pm AEST on 12 May 2026 will no longer allow net rental losses to be offset against salary or other non-property income. New builds remain exempt. This does not affect cash-flow-positive investments or properties already held, but it is worth factoring into the structure of any investment purchase made now.
Source: Housing Australia; Queensland Revenue Office; Treasury Laws Amendment (Tax Reform No. 1) Act 2026.
Where I'd start for most unit buyers here is the deposit gap between the suburb and the scheme cap. If you're within the guarantee, the 5% structure is almost always the smarter move than saving to 20% and waiting another year or two, because the growth in this corridor has been running faster than most buyers can save.
Mel Wright · Director and Principal Mortgage Broker, Zest Mortgage Solutions · Chat to Mel →
How does a mortgage broker help unit buyers in these suburbs?
Unit lending has more lender-to-lender variation than almost any other residential category. The minimum size policy differs, the high-density postcode assessment differs, and the valuation approach on a unit in a small complex is nothing like a valuation on a house. A broker who knows which lenders are flexible on these points and which are not saves you the application and the credit enquiry on the lenders who would have declined anyway.
Step 1: Talk to us
We start by working out which suburbs and property types match your budget, your deposit position and your goal, before you've committed to anything.
Step 2: Review your borrowing position and scheme eligibility
We assess your income, existing commitments and deposit to confirm your borrowing range and whether you qualify for the First Home Guarantee, the Family Home Guarantee or the Queensland First Home Owner Grant.
Step 3: Match the right lenders and structure
We identify which lenders on our panel have the most favourable unit policies for the suburb and property type you're buying in, then prepare and submit the application.
Step 4: Manage approval through to settlement
We stay across the valuation, the conditional approval and any lender requests, and keep you informed at each step through to settlement.
Frequently Asked Questions
Can I use the First Home Guarantee to buy a unit in Springfield and Ipswich?
Yes, the First Home Guarantee applies to units as well as houses. Every suburb in this set sits below the $1,000,000 price cap for the Greater Brisbane capital-city area, so a 5% deposit with no LMI is available across the whole list for eligible first home buyers.
Does the Queensland First Home Owner Grant apply to units?
The $30,000 Queensland First Home Owner Grant applies to new homes, including new units, under a contract price of $750,000. It does not apply to established units. If you're buying a new unit in this price range, the grant and the First Home Guarantee can be used together.
What is the minimum unit size lenders will accept?
Most mainstream lenders require at least 50 square metres of internal living area, and some accept 40 square metres outside high-density postcodes. Below that threshold the lender panel narrows significantly, which affects both the rate available and the LVR.
Is an investment unit or a house a better buy in this area?
Established Ipswich-side units like Bundamba and Booval lead on gross yield, while growth has been strongest in Bellbird Park and Goodna. The better structure depends on whether you're optimising for cash flow or capital, which is a conversation worth having before you commit to a suburb.
Will the negative gearing changes affect unit investors here?
For units purchased after 7:30pm AEST on 12 May 2026, net rental losses can no longer be offset against salary income from 1 July 2027. New builds remain exempt. Properties purchased before that Budget-night moment keep full negative gearing indefinitely.
Should I use a mortgage broker or go direct to my bank for a unit purchase?
A mortgage broker, every time. Unit lending policies vary significantly between lenders on size, density and valuation approach, and a broker who compares across a panel of 60+ lenders finds the one whose policy best fits the specific property you're buying.
Your Next Steps
The unit corridor between Springfield and Ipswich is producing genuine growth figures across both sides, and the deposit structures available to first home buyers and investors make the entry point more reachable than most buyers realise. The suburb that makes sense for you depends on whether you're chasing growth, yield, rail access or a specific price point, and those factors interact with lender policy in ways that are worth understanding before you make an offer.
If buying a unit in Springfield and Ipswich is on your horizon, the next step is simple. Get in touch with the Zest Mortgage Solutions team or call (07) 3461 6499. We'll work through where you stand across our 60+ lender panel.
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External Resources
Zest Mortgage Solutions · Springfield and Ipswich, QLD · Wright Financial Group Pty Ltd (ABN 48 635 310 084), authorised under Australian Credit Licence 517192 · General information only - this article does not constitute financial advice. Please consider your own circumstances and seek professional advice before making any financial decisions.
