Posted by Darrell Giles | Jun 4, 2018
Ipswich’s population has cracked the 210,000 mark.
Council’s Planning and Development Quarterly Activity Report for January-March 2018 confirms the city’s growth rate of almost 4 per cent annually.
Recent ABS figures revealed Ipswich as one of the fastest growing cities in Queensland and in the top 10 nationwide.
Planning, Development and Heritage Committee Chairman Cr David Morrison said as of 31 March, the population had increased to 210,205.
Singapore-based Broadway Malyan will design a 52-hectare “health city” in expanding Springfield, pegged to have a total end value of $6 billion if the development plan is fully realised.
The site, already home to the Mater Hospital and Aveo seniors’ accommodation, will be fully integrated with the masterplan encompassing education and research facilities, a 2500 apartment aged care facility, business facilities along with residential and retail offerings across the 52- hectare site.
A key feature of the project includes a Living Lab, which the urban planners say will act as a testbed for new technology related to smart living and healthcare.
Springfield founder and property mogul Maha Sinnathamby purchased the 7000 acre parcel of land no developer wanted to touch in 1992. Three decades later, Greater Springfield has transitioned from a completely undeveloped site to a residential population of 36,000 with estimates 150,000 will call Springfield home come 2035.
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/
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.
