Ipswich and Logan have been identified as south-east Queensland's best value areas for first home buyers.

Domain's 2018 First Home Buyers Report showed Ipswich featured an average entry price of $327,000 for a free-standing house, with it taking about 3.33 years to save a 20 per cent deposit.

The Redland Local Government Area was the most expensive place for entry price units at $385,000, taking an average of 3.92 years to save for a deposit.

It edged out Brisbane, which featured an average of $363,000 and a savings timeline of 3.67 years.