Ipswich property boom

Ipswich’s Population and Building Boom Continues!

Ipswich’s Population and Building Boom Continues!

Article by Helen Bryan

Hot on the heels of Ipswich’s latest Council Planning and Development Quarterly Activity Report, property specialists all over Australia are making predictions concerning Ipswich’s unceasing growth.

This news, combined with the Australian Bureau of Statistics’ discovery that Ipswich is, indeed, the fastest growing city in QLD, is fantastic news for homeowners looking to sell. Ipswich is growing by 4.3% annually, and the property market is set to rise steadily in the next 18 months. There’s a definite demand for housing as a result of new infrastructure and job opportunities. We take a closer look at what you can expect to see from this booming city in the coming year.

Ipswich property boom

Continued fast growth in Redbank Plains

Redbank Plains is Ipswich’s fastest growing suburb, with 21,520 residents, according to the March – June Council Planning and Development Quarterly Activity Report. 354 people moved into homes in Redbank Plains between December of 2017 and March of 2018 alone! It’s quickly becoming a buzzing suburban hub of activity. Ipswich City Council is investing money in upgrading various infrastructure to keep up with the suburb’s growth. $85 million has been put towards the upgrade of the Redbank Plains Road. The $20 million food precinct developed along the road last December has seen widespread popularity with the locals. A new Catholic Primary School is also set to open in 2020, encouraging young families to move into the catchment area.

An increase in job opportunities for Ipswich residents

Ipswich is also seeing a spike in job opportunities, especially in the defence and trade sectors. Planning, Development and Heritage Committee Chairperson Cr David Morrison revealed that as well as the residential property boom, “there was also 10,685 sq/m of new non-residential building floor space which had created about 180 new jobs”. The $5 billion defence contract confirmed in March of this year has secured defence jobs in the region for the next 40 years. Job opportunities will continue to attract more people to the City of Ipswich for decades to come, ensuring its expansion.

Ipswich property boom

More parks and playing fields for Ipswich families

With the increase in defence jobs, it can be expected that more families will be moving into Ipswich’s leading suburbs; Redbank Plains, Spring Mountain, South Ripley, Collingwood Park, Karalee and Bellbird Park. 21 hectares of new parks and open spaces have been developed to appease the region’s rising population. That’s the equivalent of 40 football fields of green area to relax and play in! This type of local environment is top on the list of priorities for many young families looking for a new home.

Ipswich property boom

Median house prices in Ipswich set to rise

The combination of updated infrastructure and rising job opportunities means that property prices in Ipswich are predicted to rise over the next year. Buyers tend to flock to Ipswich because residential property is more affordable than inner-city Brisbane. However, this increase in popularity and urbanisation within the City of Ipswich will create competition that will allow sellers to bump up their prices. It’s also a fantastic investment opportunity for Ipswich property owners eager to rent. Whether you’re looking to sell or invest, now’s the time to get on the Ipswich property bandwagon!

Do you need a reliable, honest and experienced real estate agent to sell or manage your property in Redbank Plains, Ripley, Spring Mountain, Bundamda, Flinders View, Karalee or any of Ipswich’s leading suburbs? Contact Helen Bryan today!

Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of RE/MAX Profile Real Estate, the Global RE/MAX network or its agents.