Affordability has underpinned growing demand for new land in the Ipswich corridor - Queensland Property Investor
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Affordability has underpinned growing demand for new land in the Ipswich corridor

Providence at Ripley Valley Source: Supplied

AFFORDABILITY has underpinned growing demand for new land in Ipswich with developer AMEX Corporation releasing more lots.

Affordability has underpinned growing demand for new land in Ipswich with developer AMEX Corporation releasing more lots.

As a result of the continued strength of the Ipswich land market, the group has released a new stage in its Horizons precinct of the Providence South Ripley master-planned community.

The eight lots are priced from $200,700 and range in size from 350sq m to 448sq m.

Providence project director Michael Khan said their confidence in the area was backed by research by Oliver Hume, which revealed the Ipswich local government area had the strongest growth of any market in southeast Queensland for new land.

In the three months to the end of September, Ipswich’s average price for the new land was up 3 per cent compared with the June quarter to an average of $198,950.

The number of new land sales increased during the quarter by 25 per cent with a total of 637 sales.

Providence at Ripley valley Source: Supplied

Providence at Ripley valley Source: Supplied

Mr Khan said the relative affordability of the Ipswich and Ripley Valley area, particularly when compared to interstate markets, continued to drive demand for new land in the area.

“Value for money remains one of the most important factors for buyers and maximising every dollar when it comes to the location and access to amenities is extremely important,” he said.

The latest release in Horizon is close to the planned town centre area and district park.

The entire Horizon precinct has 280 lots, two parks, the planned Providence Town Centre and a future Prep to Year 12 school.

The $60 million Horizon precinct sits within the $1.2 billion Providence project which is a masterplanned community in the Ripley Valley growth corridor.

Oliver Hume Queensland general manager Matt Barr said the Ripley Valley was popular because it was close to major job nodes in Ipswich, Amberley and Springfield.

He said during the next decade hundreds of people would move into the area every month and he tipped that to continue for some time.

Originally published: www.news.com.au

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  1. Kelle

    September 13, 2018 at 5:07 pm

    Thanks, it’s quite informative

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Developments

Developer to Open First Sunshine Coast Hotel in $2.1bn Town Centre

Developer to Open First Sunshine Coast Hotel in $2.1bn Town Centre

Pro-Invest will develop the first new hotel in three decades on the Sunshine Coast as part of the new $2.1 billion town centre in Maroochydore.

The nine storey, 167 room hotel is slated to open late 2020, marking the developer’s second Pro-Invest hotel project in Queensland.

Pro-Invest, an investment and development company, said it will finance, develop and operate the hotel as the Holiday Inn Express & Suites, which it plans to launch around the same time as the new internationally-capable runway at Sunshine Coast Airport.

Developer to Open First Sunshine Coast Hotel in $2.1bn Town Centre 1

While hotel developments have been proposed for the Sunshine Coast in recent years, Pro-Invest chief executive Ronald Barrott said they were still “a long way from being realised”.

“Investment for the Sunshine Coast hotel will come from Pro-Invest’s Australian Hospitality Opportunity Fund II, with Pro-Invest responsible for the construction, launch and management of the hotel.”

Pro-Invest negotiated the hotel site acquisition from the Sunshine Coast Council and Economic Development Queensland.

The Sunshine Coast’s central business district, formerly Horton Park Golf Club which spans a 15-hectare site, was purchased by the Sunshine Coast Council for $42 million in 2015.

Visit Sunshine Coast chief executive Simon Latchford says the region has attracted 3.9 million visitors, an increase of 15 per cent over the 12 months to March 2018.

Pro-Invest opened the Holiday Inn Express in Brisbane Central in 2017, the company is in the process of securing another site for its 13th hotel.

“Three more hotels are scheduled to open in the next 12 months, followed by another five in 2020-2021,” Barrott said.

Earlier this month Stockland sold a 50 per cent share of its largest masterplanned community, a 20,000 lot estate on the Sunshine Coast, to private developer Capital Property Group led by billionaire Terry Snow.

 

 

Source: theurbandeveloper.com

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Developments

Rare Corner Block Site in Sunshine Coast Health Hub Hits the Market

Rare Corner Block Site in Sunshine Coast Health Hub Hits the Market

A large, centrally-located corner block opposite a modern, new $1.8 billion public hospital is certain to attract keen interest from developers seeking to become part of the Sunshine Coast’s booming health and wellbeing hub.

The 3600sq m property – lot 907 on the corner of Eccles and Florey Boulevards – is one of the best positioned, yet-to-be-developed sites within the Sunshine Coast Health Precinct in the flourishing suburb of Birtinya.

The health hub, anchored by the Sunshine Coast University Hospital set to grow to a 738-bed facility and accommodate 10,000 patients a year by 2021, represents Australia’s single largest investment in health infrastructure.

It will deliver billions of dollars to the regional economy, generate 16,000 ongoing jobs, and offer enormous investment opportunities for specialist and ancillary health businesses.

The massive Stockland-developed health hub is a two-minute drive to the developer’s $87 million Birtinya shopping centre, and only a kilometre or two from its Bokarina Beach residential, retail and tourism project, nearing completion right on the coast.

The property is being offered for sale by CBRE Sunshine Coast and Savills, two of the region’s leading commercial agents.

CBRE Sunshine Coast managing director Rem Rafter said it was a time of unmatched growth in and around Birtinya, and throughout the wider Sunshine Coast region.

“Development sites in outstanding high-profile positions like this rarely become available,” he said. “As the health hub expands, hundreds of homes are being built to accommodate residents taking up the thousands of new jobs on offer.”

As well as the Sunshine Coast University Hospital, which has quickly assumed the mantle of the region’s primary public hospital, the health precinct accommodates Ramsay Health Care’s Sunshine Coast University Private Hospital, and the $60.8 million Sunshine Coast Health Institute.

The 17ha Sunshine Coast Health Precinct is a magnet for ideas, a place where entrepreneurs and knowledge-economy firms are operating in an idyllic coastal setting with access to the world’s most modern technology.

It’s where teaching and research is carried out in a culture of innovation and excellence.

The Sunshine Coast’s Health Institute – just along Eccles Boulevard from Lot 907 – caters for more than 1000 medical, nursing and allied health students from TAFE Queensland East Coast and the University of the Sunshine Coast.

Rare Corner Block Site in Sunshine Coast Health Hub Hits the Market 1

Here, research is being undertaken into diseases, trends and risk factors as well as treatment outcomes, patterns of care, and best practice health care systems.

A new clinical trials unit has just opened at the Sunshine Coast University Private Hospital to give patients access to new therapies – further evidence of the precinct’s importance as a research district of world standing.

Health is big business on the Sunshine Coast, with the industry employing more than 20,000 people to be the region’s largest employer. By 2033, the health and wellness industry is predicted to double its share of the employment market.

Huge investment in health infrastructure has been one of the major drivers of the Sunshine Coast economy over the past five years.

A recent Urbis report predicts that heavy spending on the health sector will continue into the next decade, leading to thousands of new jobs in the health care and social assistance industries.

The health and wellbeing industry is driving growth in all economic categories, ensuring a positive future not only for the sector, but for the entire Sunshine Coast.

Lot 907, with roughly equal frontages to Eccles Boulevard and Florey Boulevard, is suitable for the establishment of an eight-level building which would attract businesses with a connection to health care.

This could include health funds, medical products, pharmaceutical companies, research and development, pharmacies, gift and florist shops, banking and government agencies, or hospitality facilities.

The property is close to the major regional centres of Caloundra and Maroochydore, and within a few kilometres of the rapidly-growing residential communities of Harmony and Stockland’s Aura, where nearly 70,000 people are expected to make their home.

The property is for sale by offers of purchase, closing at 12pm, Wednesday, 7 August, 2019.

 

 

Source: theurbandeveloper.com

 

 

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Brisbane

Foundry Development Site in Brisbane’s South Hits the Market

Foundry Development Site in Brisbane’s South Hits the Market

An expansive landholding occupied by an old foundry on Brisbane’s south side could be redeveloped from an industrial site into a residential and commercial precinct, subject to approvals.

The 16.22 hectare brownfield site in Runcorn, located 14 kilometres south of Brisbane’s CBD, will hit the market this month.

Global engineering business Bradken has owned and operated a foundry on the site, at 54A & 32 Bonemill Road, for more than 60 years, having purchased it in 1955.

Bradken, established in 1922, plans to close shop of its Runcorn Foundry in September.

The proposed masterplan for the site, dubbed “The Foundry” in homage to its soon-to-be previous use, would create a new precinct comprising a mix of industry.

Knight Frank’s Mark Clifford and Christian Sandstrom, who will run the expressions of interest campaign, says the proposed scheme has the potential to include an entertainment hub which could incorporate a cinema, tavern, supermarket and neighbourhood centre.

Foundry Development Site in Brisbane’s South Hits the Market 1

Clifford said the Runcorn property has received significant interest from both local and offshore buyers.

“The bulk of interest has been from residential-based development groups, with these buyers interested in converting the site from its current industrial use into a residential and commercial development, pending the appropriate zoning and development approvals,” Clifford said.

Sandstrom said the opportunity to purchase the Runcorn site was “rare”.

“Being one of the few remaining large brownfield sites close to public transport in Brisbane,” Sandstrom said.

“Many developers have been waiting for this site to hit the market[…]they have been keeping a watchful eye on it, and we expect buyer enquiry to be strong when the campaign officially launches.

“While it could retain its current industrial use, the far more likely – and almost certain – outcome is that it will be converted into any number of uses, including retail, commercial, allied health, aged care and retirement, residential and entertainment uses, subject to Brisbane City Council approval,” Sandstrom said.

The Runcorn site, which sits in close proximity of major centres including Upper Mt Gravatt and Sunnybank, is located near major arterial road the M1 and Logan Motorway.

The expressions of interest campaign starts 15 July and ends 22 August.

 

 

Source: theurbandeveloper.com

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