THE QUEENSLAND TIMES REPORTS
Saturday 19 January 2008
Buy now or risk paying more is what many Ipswich property experts are saying.
Walkers Real Estate principal June Frank predicts Ipswich property prices will rise 30 per cent this year.
"Buy as many properties as you can finance as the prices are on the up and up," Ms Frank said.
"And if you do sell, ensure you buy again right away to not lose on the rapid growth that Ipswich and the south-east is experiencing."
The latest Real Estate Institute of Queensland (REIQ) figures show that in the 12 months to the end of September last year Ipswich local government area prices increased 13.3 per cent to a median $269,000.
The most affordable areas in the 12 months to the end of September were Dinmore ($192,000), Leichhardt ($214,000) and Tivoli ($214,250).
The most expensive were Springfield Lakes ($360,000), Barellan Point ($385,000) and Karalee ($432,500).
Highest percentage changes were recorded at Riverview (25.4 per cent), East Ipswich (22.5 per cent) and Bellbird Park (20.2 per cent).
Ms Frank predicts North Ipswich to boom because of the popularity of Riverlink shopping centre and the centre of Ipswich.
She also expects more homes throughout the city to reach six figures.
"Yes more houses will hit the million-dollar mark, as the entry level price pushes up and land values keep increasing, so do all the other price brackets," she said.
LJ Hooker Ipswich area specialist Linda Hart said investing your money in Ipswich was like guaranteed money in the bank.
"I am hoping to see an increase of as much as 10 per cent from now to the end of the year," Mrs Hart said.
"We are having a huge start to the year and believe it will keep getting stronger.
"We are getting calls from all over Australia wanting information on both areas (commercial/residential)."
Mrs Hart said One Mile was about to "take off" and would go out with a "bang" soon.
"One Mile certainly has the affordability more so than other suburbs, this creates interest from both first-home buyers and first-time investors looking to start their portfolio, she said.
LJ Hooker Ipswich principal Darren Boettcher said prices in Ipswich would continue to steadily climb as they had for the past five years.
"By the end of the year I think it will be difficult to find a home under $300,000," Mr Boettcher said.
"This will put added pressure to the first-home buyer.
"Today's market is totally different to when I started 16 years ago. Back then we had over 100 listings and 20 buyers. Today its 100 buyers and 20 listings."
Mr Boettcher said in the next couple of years some parts of Yamanto and Brassall would soon see that magical million-dollar price tag due to new homes being built with state-of-the-art decor and theatre rooms.
As for the rental market, Mr Boettcher predicts the market to move at least another $30 a week average this year because of high rental inquiry and a lack of new homes being built because of a land shortage.
Ray White Ipswich principal Warren Ramsey said Ipswich prices would continue to rise because of a major shortage in the more affordable end of the housing market.
Mr Ramsey predicts Dinmore, Ebbw Vale, Riverview, North Booval, Churchill, One Mile and Leichhardt to be boom areas.
"Ipswich is fast becoming one of the most desirable places to live within south-east Queensland," he said.
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Saturday 19 January 2008
Buy now or risk paying more is what many Ipswich property experts are saying.Walkers Real Estate principal June Frank predicts Ipswich property prices will rise 30 per cent this year.
"Buy as many properties as you can finance as the prices are on the up and up," Ms Frank said.
"And if you do sell, ensure you buy again right away to not lose on the rapid growth that Ipswich and the south-east is experiencing."
The latest Real Estate Institute of Queensland (REIQ) figures show that in the 12 months to the end of September last year Ipswich local government area prices increased 13.3 per cent to a median $269,000.
The most affordable areas in the 12 months to the end of September were Dinmore ($192,000), Leichhardt ($214,000) and Tivoli ($214,250).
The most expensive were Springfield Lakes ($360,000), Barellan Point ($385,000) and Karalee ($432,500).
Highest percentage changes were recorded at Riverview (25.4 per cent), East Ipswich (22.5 per cent) and Bellbird Park (20.2 per cent).
Ms Frank predicts North Ipswich to boom because of the popularity of Riverlink shopping centre and the centre of Ipswich.
She also expects more homes throughout the city to reach six figures.
"Yes more houses will hit the million-dollar mark, as the entry level price pushes up and land values keep increasing, so do all the other price brackets," she said.
LJ Hooker Ipswich area specialist Linda Hart said investing your money in Ipswich was like guaranteed money in the bank.
"I am hoping to see an increase of as much as 10 per cent from now to the end of the year," Mrs Hart said.
"We are having a huge start to the year and believe it will keep getting stronger.
"We are getting calls from all over Australia wanting information on both areas (commercial/residential)."
Mrs Hart said One Mile was about to "take off" and would go out with a "bang" soon.
"One Mile certainly has the affordability more so than other suburbs, this creates interest from both first-home buyers and first-time investors looking to start their portfolio, she said.
LJ Hooker Ipswich principal Darren Boettcher said prices in Ipswich would continue to steadily climb as they had for the past five years.
"By the end of the year I think it will be difficult to find a home under $300,000," Mr Boettcher said.
"This will put added pressure to the first-home buyer.
"Today's market is totally different to when I started 16 years ago. Back then we had over 100 listings and 20 buyers. Today its 100 buyers and 20 listings."
Mr Boettcher said in the next couple of years some parts of Yamanto and Brassall would soon see that magical million-dollar price tag due to new homes being built with state-of-the-art decor and theatre rooms.
As for the rental market, Mr Boettcher predicts the market to move at least another $30 a week average this year because of high rental inquiry and a lack of new homes being built because of a land shortage.
Ray White Ipswich principal Warren Ramsey said Ipswich prices would continue to rise because of a major shortage in the more affordable end of the housing market.
Mr Ramsey predicts Dinmore, Ebbw Vale, Riverview, North Booval, Churchill, One Mile and Leichhardt to be boom areas.
"Ipswich is fast becoming one of the most desirable places to live within south-east Queensland," he said.
CLICK HERE TO READ ALL ITEMS ON THIS WEBSITE.
WHAT'S HAPPENING AROUND YOUR LOCAL AREA
Stay in touch with all the local news in your suburb.
Register for Google Alerts for your area by selecting key
words such as your suburb name or "Division 2 News".
You will then receive immediate email notification of all
relevant updates to this site as well as any online news
service in the world which mentions your selected suburb(s).
When signing in, under "Type" select "Comprehensive".
If you want to know what's happening around Division 2,
email your local Councillor Paul Tully today.
