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Ipswich is one of the fastest growth cities in Queensland with an annual growth rate of approx. 4.6% pa compared to Queensland’s state average of approx. 1.7% (confirmed by OESR) By 2026 the economy is projected to be $12.7billion with a population of approx. 354,946.
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Ipswich will become the focus of population and jobs growth in South East Queensland over the next few decades with demographer Bernard Salt likening it to Sydney’s Parramatta deliberately positioning itself to become a strong regional centre today and over the next 30 years. Jobs will decentralise out of Brisbane and into Ipswich during this decade with Brisbane’s growth spreading West towards Ipswich taking a city of 2m people upward to 3 or 4 million he said.
This region has entered a sustained period of major change and growth in industrial and commercial developments providing enormous opportunities for employment and business alike with City Council committed to provide development and growth in both jobs and population
Ipswich is very family friendly and offers an affordable and vibrant social lifestyle and outdoor environment to it’s residents and is also a great place to work being very central with modern infrastructure in a positive economic environment which is experiencing an exciting and positive economic development process … growing by 4.6% pa placing immense pressure on the supply of homes
Upward pressure on the supply of dwellings to own or rent has ensured that Ipswich home values are on the rise, rental vacancies remain at 2.2% (below Australian average) and rental yields at 5.3% (above Australian average)
As the fastest growing LGA, Ipswich is becoming chronically undersupplied, recording a housing shortfall of approximately 3,500 dwellings in 2015 according to the 2016 Urbis Report. This is your opportunity to secure a cash flow positive investment in a growth area with a high demand!
Can you see your investment potential on the back of what is occurring right now and planned to happen on the ground in Ipswich, it is potentially massive!
Strongest growth locations include : Springfield Lakes, Redbank Plains, South Ripley, Ripley and Collingwood Park where demand for new dwellings remains highest. Council has delivered 38.2km of new roads, 52.7km of footpaths and bikeways, 42.9ha of new parklands and parks and 11.6ha of community land. New infrastructure development is creating new jobs which in turn is attracting a strong population growth for lifestyle and employment … hence the need for 143,000 new dwellings in the LGA.
2000 new base staff and their families will soon call Ipswich home; current population of 190,000 projected to increase to 435,000 by 2031 that is a short 15 years time placing immense pressure on the supply of housing in Ipswich. Planned growth to 2041 = 520,000 residents!
Think of the big picture : A population growth over the next 24 years of 330,000 new residents in Ipswich @ 2.3 persons per household; will require
Transport : $1.5bn Legacy Way Tunnel and proposed $1.45bn Ipswich to Springfield transport corridor
Health : $128m Ipswich Hospital expansion and $85m Mater Private Hospital
Jobs : $570m Swanbank Enterprise Park creating 15,000 jobs and $1bn Citiswich Industrial Estate creating 5,000 jobs and $1.1bn Amberley Airforce Base upgrade with 5,000 jobs
Retail : $154m Orion Springfield Central generating 1,140 jobs and $1bn commercial, residential and retail development of 170,000 sq/m
Population : Ipswich is planned to grow by 43.2% between 2011 and 2036
“Do you also identify with the Investment Potential occurring in Ipswich right now and well into the future!”
Diverse extensive opportunities for growth and prosperity – professional services, finance, business, education, health and community – plus aerospace, manufacturing, food processing, wine, transport, tourism, motorsport.
Currently 15 Industrial/Commercial Parks plus 11 more in the early stages of development
Ipswich City Council have recently undertaken comprehensive studies to cater and plan for, rather than react to this enormous challenge.