I own a property in East Ipswich. I bought at the end of 2007 which wasn't the smartest move. Family members also have a couple in the suburb. It is quite a strange area. There are Queenslanders price around the 500K plus range and also areas of housing comission. Rental yields are still a bit low compared to Toowoomba.
A new bridge is due in the next 5-8 years which will like East Ipswich to North Ipswich and remove congestion from the CBD. This is a big bonus.
There is good access to shops, schools and rail. I think in the future it will be a bit of a latte suburb. East Ipswich has always been a sound investment. Rentals are always in demand. If I were to buy in the area I would be looking for cottage qlder style that you can reno now or in the future. I would also steer clear of housing comission streets.
There are many well priced houses on large lots with subdivision potential.
East Ipswich will always be a sound investment and rentals are always in demand.