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Ipswich's last branch event

At the Ipswich Branch’s last event of the year Urbis’ Paul Riga presented a review of the local outlook over the past decade.

Ipswich’s new housing approvals are on the rise. Since the 2011 flood, new developers coming to Ipswich are focusing on the Springfield, Ripley, and Redbank Plains.

Paul talked about the substantial growth in residents and how affordability is a key factor. In terms of median sale price growth, Ipswich is sitting in third place at a price of $340,000 with a year median growth of 3% against the SEQ region (as at June 2017).

Across the SEQ region, Ipswich still offers the lowest median price. As of 2017 lot size average is 450sqm across Ipswich. Due to population growth, Ipswich has a diverse range of target markets from young families to elderly seeking affordable housing.

As for the sales trend, Paul presented the top 8 Ipswich suburbs for vacant land being:

  1. Karalee
  2. Brassall
  3. Silkstone
  4. South Ripley
  5. Springfield Lakes
  6. Collingwood Park
  7. Spring Mountain
  8. Redbank Plains.

The vast majority of Ipswich region’s is selling between $139,000 and $192,000. In Karalee and Springfield the median sale price was between $247,501 and $297,500. Springfield Lakes, Spring Mountain, and Bellbird Park sat between $210,001 and $247,500. Ripley, Pine Mountain, and Chuwar are pricing between $192,001 and $210,000.

Looking forward, Paul talked about new and current investment. The top infrastructure and property investments underway (and set to be completed before the year 2020) include:

  • the Reserve AFL Stadium (2019)
  • Amberley RAAF Base Expansion (2018)
  • Ipswich Motorway – Rocklea to Darra (2019)
  • Central Gardens (2018)
  • Swanbank Gas Fired Power Station (2020)
  • Ipswich CBD Redevelopment Project (2019).

Overall significant infrastructure investment is expected across SEQ and the supply is present with significant remaining product in existing estates. The outlook for Ipswich is positive with new estates coming to market within Ipswich and surrounding Local Government Areas.