Raceview vs Silkstone, true annual running costs compared 2026
Last updated July 2026 · council rates 2026-27 (QLD), ATO 91c/km, Translink fares, AER electricity benchmarks
Raceview and Silkstone are both Ipswich City Council suburbs, sitting 30.8 km and 28.8 km from Brisbane CBD respectively, and are commonly compared by buyers weighing up running costs within the same council area.
Silkstone runs $428 a year cheaper than Raceview, driven mostly by home insurance. Over 10 years at 3% growth that gap compounds to about $4,906.
Over 10 years the gap between these two is about $4,900, about $9 a week, and most of it is the AI-estimated insurance line.
Get the free report: 10-year costs, flood & fire risk, crime, schools and overall verdict → Personalise this comparison with your own commute, home type and loan → Neither quite right? Find the Brisbane suburbs that fit your budget →Raceview
Silkstone
Annual cost breakdown
| Category | Raceview | Silkstone | Difference |
|---|---|---|---|
| Council rates Official, 2026-27 | $1,298 | $1,298 | - |
| Water & sewerage Official, 2026-27 | $1,900 | $1,900 | - |
| Commute (driving) Modelled, 2026-27 | $6,619 | $6,441 | +$178 |
| Commute (public transport) Modelled, 2026-27 | $192 | $192 | - |
| Home insurance Estimated | $1,650 | $1,400 | +$250 |
| Body corporate (unit) Estimated | $2,000 | $2,200 | -$200 |
| Total (driving) | $11,467 | $11,039 | +$428 |
| Total (public transport) | $5,040 | $4,790 | +$250 |
Totals exclude electricity, estimated separately below. Green = cheaper. Commute: ATO 91c/km, 220 working days. Insurance estimated from ACCC premium rates; actual premiums vary. Council rates: minimum residential general rate (QLD).
| Dwelling | Raceview | Silkstone | Difference |
|---|---|---|---|
| House | $2,135 | $2,135 | - |
| Unit | $1,776 | $1,776 | - |
Estimated from AER residential benchmarks for each suburb's climate zone at 2026-27 regulated prices for each suburb's electricity network, including supply charge (AER Default Market Offer caps, or the QCA price in regional Queensland; unit ≈ 75% of a house). Get the free report for a breakdown by your exact number of occupants.
Cost breakdown chart
Annual cost breakdown, Raceview vs Silkstone (2026-27)
What the numbers show
Raceview and Silkstone differ by $428 a year by car, but $250 of that is the building insurance estimate rather than a published figure. On the sourced costs, council rates, water and the commute, the gap is $178, so neither suburb is named cheaper here.
The biggest single gap is home insurance at $250 per year.
On public transport the gap is $250 per year, $5,040 from Raceview versus $4,790 from Silkstone.
Where the difference actually comes from
- Council rates is identical at $1,298 a year.
- Water and sewerage is identical at $1,900 a year.
- Driving commute favours Silkstone by $178 a year, $6,441 against $6,619.
- Building insurance favours Silkstone by $250 a year, $1,400 against $1,650.
Both suburbs sit in the same council area, so the rates line is identical and none of the difference between them comes from council. What separates them is commute distance and the insurance band.
10-year cumulative cost projection
| Year | Raceview cumulative | Silkstone cumulative | Difference |
|---|---|---|---|
| Year 1 | $11,467 | $11,039 | $428 |
| Year 3 | $35,443 | $34,120 | $1,323 |
| Year 5 | $60,880 | $58,608 | $2,272 |
| Year 10 | $131,456 | $126,550 | $4,906 |
Assumes 3% annual cost growth. Excludes purchase price, mortgage, and personal expenses.
Frequently asked questions
Is Raceview or Silkstone cheaper to live in?
Neither is named cheaper. Raceview runs $11,467 a year by car and Silkstone $11,039, but most of the $428 difference is the building insurance estimate rather than a published figure. On council rates, water and the commute, which are sourced, the gap is $178. Source: SuburbCost 2026 data.
What are council rates in Raceview and Silkstone?
Annual council rates for a house are $1,298 in Raceview (Ipswich City Council) and $1,298 in Silkstone (Ipswich City Council). Water and sewerage adds $1,900 in Raceview and $1,900 in Silkstone. Both figures are the minimum residential general rate; properties on higher land value pay more.
How does the commute cost compare between Raceview and Silkstone?
Annual driving commute costs are $6,619 from Raceview and $6,441 from Silkstone to Brisbane CBD (ATO 91c/km). Public transport costs $192 from Raceview and $192 from Silkstone.
What is the 10-year cost difference between Raceview and Silkstone?
At 3% annual cost growth, Raceview costs a cumulative $131,456 and Silkstone costs $126,550 over 10 years by car. The cumulative difference is $4,906 in favour of Silkstone. Excludes purchase price, mortgage, and personal expenses.
Which of Raceview and Silkstone suits you better?
You've got the costs. Get the free personalised report for the rest: a clear verdict on which suburb wins, the full flood, fire and crime risk profile, nearest schools, estimated electricity cost by number of occupants, and your own loan or rent stress-tested over 10 years. No spam.
Related comparisons
Sources: Ipswich City Council and Ipswich City Council rate data, water utility pricing (QLD: Queensland Urban Utilities / Unitywater; NSW: Sydney Water / Hunter Water), ATO 91c/km, and SuburbCost insurance estimates from ACCC premium rates. Data updated July 2026.