Ipswich Update
The Ipswich Story just keeps getting better! Those in the know have labelled the city of Ipswich in Brisbane’s west as “Hot and Happening”! Ipswich, one of the key urban growth fronts identified by the Queensland Government’s South East Queensland Regional Plan, is set to grow almost three times faster than the rest of Queensland in the coming years.
As reported by Simon Johanson in The Age newspaper 24/07/10 – BIS Shrapnel’s chief economist, Dr Frank Gelber, who was speaking in Melbourne at a Real Estate Institute of Victoria lunch, said the global financial crisis had done the Australian economy a “huge favour” by crimping risks in the market.
“We’re not over-geared, we’re not overvalued and we’re not oversupplied,” Dr Gelber said.
“I can’t remember in the last 30 years a time when I have been more comfortable and optimistic about investment in the market.”
A recent article in Brisbane’s Sunday Mail newspaper stated that Ipswich could become The Seattle of the southern hemisphere after winning support for a plan to make the city a national aerospace and aviation hub. The full article appears below.
Further recent newspaper articles support Ipswich’s lower than average unemployment, strong demand for housing and continuing development of the aviation industry.
Raceview Terraces
The Suburb of Raceview is located on the east of Ipswich city, less than ten minutes drive from the Ipswich CBD & close to the Cunningham Highway and Brisbane Road, which provide direct access to Brisbane.
This quality townhouse development, located in Briggs Road Raceview, is poised as an ideal residential property investment due to the continued growth in the population of Queensland and Ipswich in particular. This growth will drive demand beyond supply.
Sales in the Raceview Terraces development have been relatively strong considering the current up and down residential market. Latest indications from the developer are that construction will commence on site toward the end of September 2010, then following a 7 month construction schedule, settlement should be occurring in late May or early June 2011.
Raceview Terraces, a quality development consists of 26 three bedroom townhouses, selling at just $324,900 and with an expected rental return of $320/wk, are certainly an affordable quality development presenting an ideal opportunity in a standout south east Queensland capital growth area.
