Connect with us

Residential

Ipswich Proves Frontier In Affordable Housing

  The ripple effect of South East Queensland’s relentless growth and urban sprawl has Brisbane’s outer western corridor shaping up as the region’s ‘final frontier’ for affordable and well-connected housing. A new Urbis report, The Future of South East Queensland Housing, forecasts the Ipswich Local Government Area (LGA) will reap the lion’s share of population, job…Read More→

Ipswich Proves Frontier In Affordable Housing

 

The ripple effect of South East Queensland’s relentless growth and urban sprawl has Brisbane’s outer western corridor shaping up as the region’s ‘final frontier’ for affordable and well-connected housing.

A new Urbis report, The Future of South East Queensland Housing, forecasts the Ipswich Local Government Area (LGA) will reap the lion’s share of population, job and housing growth as jobs decentralise from the Brisbane CBD and housing demand shifts to more affordable locations.

Author Angus McLean said inner Brisbane’s physical constraints and lack of affordable housing were already driving investment and people to infrastructure and amenity-rich satellite cities such as Greater Springfield and North Lakes, which would soon funnel into the dynamic Ipswich region.

“South East Queensland is already seeing the beginning of this shift – a desire for housing that maximises quality of life and minimises the cost of living, offering competitively priced housing opportunities in well-located destinations with proximity to amenity and infrastructure,” he said.

Mr McLean said Ipswich was shaping as such a destination with its population set to more than double to 670,000 over the next 20 years, the biggest population growth in the South East corner.

“Increasing by more than 130 per cent over the next 20 years, the Ipswich LGA will play a vital role in satisfying the future population growth of South East Queensland,” he said.

This surge of new residents to Ipswich and its surrounds will generate SEQ’s highest level of housing demand with 6,600 new homes needed each year, while jobs growth is expected to more than double to 2.6 per cent per annum, far outstripping any other LGA in the region.

Mr McLean said while the median house price in the outer western corridor had grown a solid 2.8 per cent to $325,000 in the past year, it was still the most affordable housing stock in SEQ and compared very favourably with Brisbane LGA’s median of $620,000.

Urbane Homes Director Jon Rivera said his business was investing strongly in the Ipswich region, foreseeing growing demand for well-priced housing in such a critically low supplied region.

“The western corridor is one of the last remaining areas where you will find affordable homes this close to inner Brisbane,” he said.

“Five years ago SEQ residents had options in Brisbane, North Lakes, Springfield, Logan and Northern Gold Coast to purchase a new home under $400,000, but now the opportunities are few and far between and the western corridor is the last frontier to buy a new home under $400,000.

“Investors from Sydney are capitalising on this as NSW first home buyers are being forced to geographically invest for their first home, seeing how affordable our market is in comparison to their own.

“The Ipswich median house price is sitting at a low $325,000 while people in Parramatta are paying $960,000 to live in an equal distance from the CBD with terrible connection and infrastructure.”

Original article published at www.theurbandeveloper.com  by Staff Writer 24/10/16

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Gold Coast

Soul, Surfers Paradise penthouse sells for $15.25 million

Surfers Paradise

The $15.25 million sale of the luxury Soul penthouse in Surfers Paradise was under the hammer at auction on Friday afternoon

There were five registered bidders when Tolemy Stevens from Harcourts Coastal Prestige put the luxury Soul penthouse in Surfers Paradise to auction on Friday afternoon.

Crowning the top four floors of the Soul building, the five bedroom apartment fetched $15.25 million.

The 1070 sqm space with BDA Architects design was offered by Andrew Koloadin who had paid $6.5m for the concrete shell when he bought it from Hong Kong tycoon Tony Fung in 2018.

There had been an initial off the plan $16.85m sale by Juniper Property Development to a Queensland businessman in 2006 but it didn’t proceed to settlement.

The $15.25 million sale settles in 30 days. It was a Queensland auction record for residential sale price under the auction hammer.

 

Article Source: www.urban.com.au

Continue Reading

Brisbane

The new town the size of Gympie emerging out of Logan’s pine forest

Gympie

A new south-east Queensland town expected to be home to a population the size of Gympie is outstripping initial growth predictions as builders and the state government fast track its development to cope with demand.

Yarrabilba, located in Logan south of Brisbane, has emerged as one of the most popular choices to live for a new generation of homeowners in the region.

The area has experienced explosive growth in recent years, with the estimated population rising from about 3500 in 2016 to more than 9000 last year. About 45,000 people are tipped to call Yarrabilba home over the next 20 years.

Developer Lendlease has recently applied for the rapid release of Yarrabilba’s next stage, which will open up another 2000 residential lots.

This followed pressure from the state government for construction of a new primary school to be brought forward as young families stream into the area. It is the youngest community in the Logan City Council area, with a median age of just 25, nine years younger than the regional average.

The government has tipped in $15 million to help “unlock” Yarrabilba’s next stage, including paving the way for the site of the new school and the start of planning for health and community services.

However, the frantic pace of growth has forced Lendlease to reprioritise development stages, with the new residential lots now leapfrogging plans for a mixed industry and business area.

The new residential stage will have a minimum density of 15.2 dwellings per hectare, typical of greenfield developments around Australian cities.

Much of the 630 hectares of land to be released for development is pine forest plantation owned by the Hancock saw milling family.

Yarrabilba is one of several so-called Priority Development Areas, where development in controlled by the state rather than local council planning schemes.

 

Article Source: inqld.com.au

Continue Reading

Gold Coast

$4.1 million sub-penthouse resale at recently completed, sold out 31 Broadbeach

The 31 Broadbeach complex has seen a $4.1 million sub-penthouse sale

A $4.1 million sub-penthouse sale has been secured in the recently completed 31 Broadbeach development on the Gold Coast.

Kollosche Prestige secured the Broadbeach sale.

The 21/31 Broadbeach Boulevard apartment first sold in 2018 at $3.55 million.

In the past six months there have been five sales between $3.6 million and $3.85 million direct from the developer, Optimus Developments, which was established in 2013.

The top floor sold in 2018 at $5.2 million.

The recently completed $65 million 31 Broadbeach Boulevard Residences has just the 22 apartments across its 20 levels, with large single floor apartments with private lift access. There’s also a two-level penthouse and an elevated ground-floor beach house.

sub-penthouse

The now sold out apartments have natural limestone and veneer finishing throughout. There’s butler’s pantries and high-end appliances.

The developer installed office spaces within the apartments allowing a flexible working and living environment.

There is access to a rooftop pool plus easy beach access to the surf break.

The building has a striking off form stained concrete façade and iconic building crown.

Andrew Bampton, Gold Coast project marketing specialist, introduced Optimus to the site in 2018 as their first Gold Coast project.

sub-penthouse

31 Broadbeach Boulevard, Broadbeach QLD 4218 

Bampton suggested a different approach to what was established by Reed Property Group in 2017.

“The original proposal didn’t optimise the potential of this prime site on Broadbeach Boulevard overlooking the beachfront in the heart of Broadbeach,” Bampton said.

“Through our input, we brought a great deal of local knowledge to the developer and the results speak for themselves.

“The focus for us was to create a premium coastal residence with large yet cosy living spaces that take advantage of the uninterrupted ocean views and that meet the needs of buyers looking for a true home by the sea.”

 

Article Source: www.urban.com.au

Continue Reading

Positive Cashflow Property

duplex designs, dual occupancy homes

Property Investment Advice

gold coast property management

Trending