THIS affordable property market is tipped for a resurgence of interest driven by a huge new employment driver.

THE Ipswich property market is tipped to take off following the awarding of a massive defence contract to the region. The $5 billion contract for 211 hi-tech armoured vehicles announced earlier this year, is tipped to create defence jobs for the region for about 40 years. Other state government commitments to spending on infrastructure and roads in the area would also help create a construction boom. With a reasonably low median house price in the area it is a more affordable option for many buyers, particularly when compared to Brisbane’s median house price of a much higher $530,000.

Redbank Plains – Town Centre Source: Powe Architects http://www.powearchitects.com/portfolio/redbank-plains-shopping-centre/

Cr David Morrison said work could now officially begin at the Ashburn Rd site to build the retail warehouse, which will be the equivalent in size to two football fields. Cr Morrison said the US Company had set an opening date for between September and December 2018. “The accessibility of the site to a large regional catchment with good access to Ipswich, the western corridor of metropolitan Brisbane and regional areas further west, which is expected to grow, interested Costco most.

“The proposed development will provide a net community benefit through investment in the local area, potentially acting as a catalyst for investment in the region, and will contribute to local employment initially through construction then long-term sustainable employment through the operational phase of the use.”

Division 4 Councillor Kylie Stoneman said Costco would be a huge boost to the area as the premises would employ 330 full-time and part-time staff, open seven days a week with extended trading hours, provide 823 on-site car parking spaces, and discount petrol at its service station.

Ref: https://www.ipswichfirst.com.au/ready-set-costco/? utm_medium=email&utm_campaign=February%2028&utm_content=February%2028+CID_1da02b3154c389591a113b657b922275&utm_source=Email%20marketing%20software&utm_term=Read%20More

Silverhall’s research identified suburbs in the Springfield Catchment Area as ‘ideally positioned for strong capital growth’. As a result, we have been bullish about buying investment properties in this area. Latest Government figures continue to support our position. Ipswich City Council’s September Quarter Development Activity Report (the final planning report for 2017) demonstrates the growth and development of the area are not just on track but will continue for years to come. According to Council's Report, the population grew to 206,344 an equivalent annual population growth rate of 4.59 percent.

An analysis by the Australian National University academics Ben Philips and Cukkoo Joseph has identified Wyong on the Central Coast as the most undersupplied housing location in NSW and the second most under-supplied housing area in Australia. The modelling drew on census population figures to estimate the underlying demand for housing at the regional level. Of the 328 statistical areas studied nationwide, 250 were found to have a housing surplus while 78 had a shortage. The paper looked at population growth and demographic change in Australia’s 328 regions called “statistical area level 3” by the Bureau of Statistics and analysed how well the new supply of housing meets the demand in those areas. This research represents Australia’s first published regional analysis of housing demand and supply the report said.  

The Federal Government has given approval for NSW to build its intercity fleet maintenance facility on the Central Coast. This new facility is going to create 200 to 300 new jobs. The economic benefits to the area, on the back of this new job creation are going to be huge.