Ipswich in Nation's Top 10 Property Hotspots
Total Page：16
File Type：pdf, Size：1020Kb
Ipswich in Nation’s top 10 property hotspots JESSIE RICHARDSON | 26 AUGUST 2014 IPSWICH real estate capital growth is tipped to double the return of Brisbane properties in three years, experts predict. The property market’s recovery is expected to continue this year with signs of brighter future on the horizon. But the three-year outlook is promising, according to real estate analyst and hotspotting.com.au founder Terry Ryder. Mr Ryder expects the capital growth of Ipswich properties to rise by 15% over the next three years, compared with 7.5% in Brisbane properties. Whether or not Ipswich does perform as expected remains to be seen, but I have long viewed the city as one with great investment opportunity and in a real estate investment market that is still a little hit and miss at the moment, all indicators are that Ipswich is one of the safer bets in 2013. Big projects coming for Ipswich, in Brisbane's south west, include the $2.8 billion Ipswich Motorway Upgrade, $12 billion Springfield project, the $1.5 billion Springfield rail link and the Orion shopping centre, along with expansions to the RAAF base, and large industrial estates. Ryder also claims the area has a strong economy, with multiple employment hubs and affordable properties. "The Ipswich corridor is now well-known as a growth region. Prices rose strongly in the five years to 2009 (before tapering off), giving the suburbs of Ipswich City the strongest capital growth averages in the Greater Brisbane region," writes Ryder. "Ipswich has shown strong growth in the past but we believe its evolution into a headline hotspot of national standing will continue well into the future. There remain many suburbs that are attractively affordable for first-home buyers and investors on a budget." For those after an affordable option, the report states that a $250,000 house is typical for North Ipswich. The two bedroom home pictured below sold for $245,000 this month. "The Ipswich [Local Government Area] is dominated by couples-with-children households with an above-average proportion of single-parent households. The average age of 33 is younger than the Brisbane average and the average income is lower," states the report. Ryder recommends investors look at the town's Redbank precinct, the inner eastern suburbs and the southern precinct. Ipswich at centre of fastest growing region in Australia MATTHEW KILLORAN FEBRUARY 05, 2014 Ipswich, 35 minutes from Brisbane and 55 minutes to the Gold Coast is at the epicentre of massive growth Brisbane – South East Queensland is experiencing the fastest growth rate of any urban region in Australia. By 2026, the population is expected to reach around 3.7 million people – an increase of more than 1 million people. (Source: Queensland Gov’t) To support growth in this corridor, The Urban Development Institute of Australia (UDIA) has developed a package to focus on upgrading existing, and constructing new roads and public transport. This will support the population growth and employment opportunities around the centres of Ipswich, Springfield and Ripley, and strengthen freight links with in this corridor. These upgrades will include: Ipswich road upgrade, Western Bypass, Centenary Highway upgrade and extended rail links through Western corridor: Ipswich, Ripley, Springfield and Toowoomba. Located in the most dynamic corner of Australia’s growth state, Ipswich has truly come of age. Today, Ipswich is a vibrant business hub boasting Australia’s largest aluminium extrusion plant, and an aerospace precinct, housing global players including Boeing and Qantas Defence Services, at Amberley, Australia’s largest defence base. Current on-going and proposed Ipswich investment and development projects: Capral – 130 million dollar automated aluminium plant development Swanbank Paper Plant – One billion dollar development producing high quality gloss magazine paper Boulder Steel – 750 million dollar development producing specialty steel for the Australian domestic market Amberley – 200 million dollar investment for the expansion of the Ipswich aerospace industry UQ Ipswich Campus – Queensland’s newest university campus Education City – Assignation of University of Southern Queensland Orion – one of the largest regional business centers in South East Queensland incorporating a carefully planned retail environment Ipswich property on the way up in 2015 Joel Gould | 2nd Dec 2014 BUNDAMBA and the Ipswich eastern suburbs have achieved stunning annual growth in the house and unit market according to new REIQ figures. Figures 2014 reveal that median Bundamba unit prices increased annually by 23% to $206, 257 while Brookwater unit prices rose 17% to $533, 651. Augustine Heights house prices jumped 19% to $434 733. Ray White principal Luke Buckel is excited about the local property boom To put the Bundamba figures in perspective, the 23% rise eclipsed the increase in the price of units at Milton in Brisbane and Mountain Creek on the Sunshine Coast, both on 22%. Walloon had the second highest increase in Ipswich house prices on 13% followed by Redbank Plains 8% and Karalee 6%, with Bundamba and North Booval 5%. Ray White Bundamba principal Luke Buckel said the spike in Bundamba unit prices was due to off the plan sales on River Rd, and another group of units at Creek St being built by G Developments. Bundamba house prices, now at a median of $275, 575, are also on the rise and Mr Buckel said the suburb was "a hidden gem" and also ideally situated for commuters to Brisbane "You have only got three sets of traffic lights and you are straight on the highway. There is the access back to Brisbane where it is a 25- to 30-minute run thanks to the upgrade of the highway," he said. "People are looking to keep their commute time down." Ipswich planning and development chairman Paul Tully said the latest figures cemented Ipswich's position as the fastest growing region in Queensland. Cr Tully said significant consumer confidence had returned to the market with house and land prices continuing to grow. "The western corridor is experiencing rapid development with Ipswich's population set to hit the 200,000 mark," he said. "This is boom time for Ipswich particularly around Springfield, Redbank Plains and the Ripley Valley." "Whether you are a home owner or an investor it is good news for the people of Ipswich," he said. Cr Tully said Ipswich house and land prices were more affordable than most other parts of Queensland with over 100 people a week moving into the city. "People want to be in these areas that have the infrastructure," he said. Coles backs Ipswich – good investment given strong population growth Posted on May 23, 2014 by Gene Tunny It’s often said in property circles, that the best way to do your research before investing in an area, is to see where Coles and Woolworths are opening new stores. Australia’s two largest retailers spend millions on solid research to identify growth areas as opportunities to establish their stores. Coles has endorsed Ipswich with an investment of a further three stores in the South East’s fastest growing city. Coles move to build three new stores in Ipswich including a second super store, will create more than 700 jobs. The supermarket chain announced this week they plan to open a super store at Springfield Orion's shopping centre, Redbank Plains Rd and another on the former site of the Bremer State High School. A Coles spokesperson said the locations were identified as major growth areas within south-east Queensland Coles has obviously recognised the strong current and projected population growth in the region. While Ipswich is currently around the same population as Townsville (172,000 vs 180,000), for example, it is expected to rapidly surpass Townsville in the coming years, growing to over half a million people by 2036 (see chart below). Ipswich fastest growing city in Queensland Andrew Wight April 26, 2014 Ipswich is the fastest growing city in Queensland - as confirmed in reports by the Queensland Government Statistician's Office (formerly OESR). Ipswich Mayor Paul Pisasale has previously proclaimed the city west of Brisbane may be one of the fastest growing in the entire country after the release of Australian Bureau of Statistics showing over 6000 people move to Ipswich each year. Ipswich Mayor Paul Pisasale proud of the growth According to the latest Queensland Treasury and Trade projections Ipswich’s population is estimated to increase from 180,000 to 532,000 by 2036, an average increase of 4 per cent per year. The Ripley Statistical Area Level 2 (SA2) located within the Ipswich LGA is projected to have the largest growth of any area in Queensland over the 2011 to 2036 period (up 109,100 persons). Mayor Pisasale said Ipswich had "embraced change" to throw off the image of a coal mine town or Brisbane's smaller sibling. "We've gone from the coal industry to one based on aerospace and high- tech." "Ipswich has moved on to creating jobs in aerospace, clean industry and education with two universities and is a great place to raise a family." "Ipswich is a city with a proud past and now the many years of planning and hard work by the community, business and all levels of government is creating a city we can all be proud of." There are enormous development and investment opportunities for businesses to service Ipswich’s growth. Global firms like GE Australia, DB Schenker, Northline, TNT and Holcim have recently called the city home, attracted by the availability of a wide range of strategically located and affordable industrial land. The city offers a highly skilled, motivated and employment ready cost effective workforce. Ipswich’s reputation as a booming growth corridor means businesses are bypassing Brisbane and coming straight to Ipswich.