Ipswich

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Ipswich, Queensland, is fast becoming a focal point for investors and residents alike. With its strategic location, thriving economy, and ambitious development plans, Ipswich offers a unique blend of urban convenience and natural beauty. In this article, we’ll explore why you should consider Ipswich for your next investment or as your new place to call home.

 

A City on the Rise

Ipswich is in the midst of a remarkable transformation, and the numbers tell an impressive story. The population is booming, with projections indicating an addition of 8,000 new residents annually. By 2041, Ipswich is expected to be home to a staggering 520,000 residents, marking a 176% increase. This growth is not just a statistic; it’s a testament to Ipswich’s appeal as a place to live and invest.

 

Investment Opportunities Abound

For investors, Ipswich represents a goldmine. With a population surge of 330,000 in the next 24 years, an estimated 143,000 new dwellings will be required. That equates to nearly 6,000 new homes annually. The demand for housing is soaring, making Ipswich an attractive prospect for property investment.

 

Rapid Population Growth

Ipswich’s population is growing at twice the rate of the rest of Queensland. Families are drawn to this family-friendly city, thanks to its affordable cost of living and access to quality educational institutions. Located just 35 minutes west of Brisbane, Ipswich offers the perfect balance of suburban tranquility and urban amenities. The city boasts over 500 parks, a vibrant social scene, and a rich cultural heritage that includes legendary pubs, grand heritage homes, and a host of recreational activities.

 

Thriving Residential Developments

One standout residential development is Greater Springfield, a world-class community that has earned accolades as the World’s Best Master Planned Community. This sprawling 4,680-hectare estate is projected to house 120,000 residents and create 55,000 jobs.

 

Booming Industries

Ipswich isn’t just about residential growth; it’s also a hub for industry and development. With billions invested in community services, healthcare, education, and transport, the city offers a diverse range of job opportunities. Manufacturing, healthcare, and retail trade sectors are thriving, providing a cost-effective labor force and a high skill base for businesses.

 

Transport and Infrastructure Modern roads and rail connections provide seamless access to and from Ipswich. The newly opened freeway linking Brisbane, along with rail links, offer efficient transportation options. The region’s water and waste strategies ensure a sustainable resource management system to accommodate growth.

 

Major Developments

Ipswich is on the radar for major developments, including a $5 billion light-armored vehicle project, the revitalisation of the CBD, and extensions of rail lines. The Amberley RAAF Base expansion alone is valued at $1.5 billion, attracting foreign investment and technology development.

 

Key Industries

Ipswich boasts a diverse range of key industries, from education and aerospace to food processing and manufacturing. The presence of Australia’s only RAAF Super Base, Amberley, adds further economic momentum.

 

A Bright Investment Future

Ipswich is a city poised for remarkable growth and development. As Queensland’s fastest-growing region, it offers a dynamic investment landscape with opportunities across various sectors. Whether you’re looking for a new place to call home or a sound investment, Ipswich is a city that’s on the rise, making it an ideal choice for those seeking to capitalise on its flourishing potential.

Investments:

🟦 Community Services $8.8 Billion

🟦 Health $12.3 Billion

🟦 Education $11.4 Billion

🟦 Transport $5.5 Billion

🟦 Freeway widening to 6 lanes $200 million

🟦 CBD rejuvenation project $150 million

🟦 Ipswich is the only city to be listed with the World Technopolis Association providing access to international trading networks

🟦 There is an honorary program which identifies overseas trading networks and export opportunities for local business

🟦 The City hosts numerous international business delegations facilitating export trading opportunities for local companies

Source: Investment Property Queensland

Best Suburbs To Buy:

🟦 Ripley 4306

Median sales price:
$620,000 for houses

Median price growth (over 12 months):
12.2% for houses

Rental Yields:
4.6% for houses and 5.3% for units

Median rental price:
$510pw for houses and $410pw for units

Median rental price growth (over 12 months):
13.3% for houses and 17.1% for units

🟦 Collingwood Park 4301

Median sales price:
$555,000 for houses and $300,000 for units (September 2022 – August 2023)

Median price growth (over 12 months):
13.3% for houses and -26.8% for units

Rental Yields:
4.7% for houses and 5.1% for units

Median rental price:
$500pw for houses and $365pw for units

Median rental price growth (over 12 months):
25.0% for houses and 12.3% for units

🟦 Brassall 4305

Median sales price:
$520,000 for houses and $369,000 for units (September 2022 – August 2023)

Median price growth (over 12 months):
9.5% for houses and 23.4% for units

Rental Yields:
5.0% for houses and 4.8% for units

Median rental price:
$480pw for houses and $330pw for units

Median rental price growth (over 12 months):
20.0% for houses and 10.0% for units

🟨 Springfield 4300

Median sales price:
$695,000 for houses and $472,500 for units (September 2022 – August 2023)

Median price growth (over 12 months):
1.8% for houses and 21.2% for units

Rental Yields:
4.3% for houses and 6.2% for units

Median rental price:
$550pw for houses and $470pw for units

Median rental price growth (over 12 months):
12.2% for houses

🟨 Redbank Plains 4301

Median sales price:
$525,000 for houses and $350,000 for units (September 2022 – August 2023)

Median price growth (over 12 months):
9.4% for houses and 11.1% for units

Rental Yields:
4.8% for houses and 5.5% for units

Median rental price:
$480pw for houses and $380pw for units

Median rental price growth (over 12 months):
14.3% for houses and 17.8% for units

🟨 Bellbird Park 4300

Median sales price:
$620,000 for houses and $306,000 for units (September 2022 – August 2023)

Median price growth (over 12 months):
7.1% for houses and 9.1% for units

Rental Yields:
4.5% for houses and 6.1% for units

Median rental price:
$525pw for houses and $360pw for units

Median rental price growth (over 12 months):
16.7% for houses

For latest data, visit realestate.com.au.

Disclaimer: The information provided was accurate as of September 28, 2023.

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