Population growth and big infrastructure spending in these areas have earned them a place on the list for increased property prices this year.
Property analyst Terry Ryder of hotspotting.com has named his ten best locations for future capital growth.
Queensland figures prominently, with four areas in the list, followed by New South Wales and Victoria with two each, then Western Australia and South Australia, with one location each.
Mr Ryder says the locations are the “pick of the crop’’ and are tipped to outperform the general market.
“These locations are considered to have growth drivers that will achieve capital growth above the norm in the near future,’’ he says.
BRISBANE NORTHSIDE, QLD
The area includes a mix of affordable suburbs and middle-market suburbs, good transport links and is close to major job nodes. Sales volumes are rising in a number of the suburbs.
Typical prices for a house in the area range from $410,000 for a house in Brighton to $536,000 for a house in Nundah.
Mr Ryder says the northern suburbs of Brisbane are “leading the revival of markets across the Brisbane metropolitan area’’.
Tipped for good capital growth by Ryder previously, Cairns is still among his favourites for investment. The area has strong population growth, revival of the tourism industry, increase in overseas flights and major infrastructure spending.
Typical house prices range from $260,000 for a house in Bungalow to $455,000 for a house in Whitfield.
“Cairns is making an economic comeback, with spin-offs for the property market,’’ Mr Ryder says.
“In the 1980s Cairns was one of the stars in the Australian property firmament, boosted by surging tourism and investment from Japan.’’
He says while those glory days had long since faded there were plenty of positive signs Cairns is ready to challenge again, boosted by tourism and investment from China.
CITY OF CANTERBURY, NSW
The City of Canterbury has been one of the standout markets in Sydney’s revival. There has been a major upturn in sales volumes leading to strong price growth. The area is popular for its affordable units.
Mr Ryder says recent changes to Canterbury’s local environment plan are bringing new phase of development on apartments in Canterbury.
Typical house prices range from $570,000 in Lakemba to $948,000 in Earlwood.
CASEY CITY, VIC
The city of Casey is already a key population growth area for Melbourne.
Mr Ryder says it also recently emerged as a property growth market with many suburbs attracting rising sales activity from buyers. He says the Victorian Government’s long-term planning documents identify several suburbs in the city which will play a major role in service delivery and creating employment.
Typical house prices range from $355,000 at Hampton Park to $310,000 in Cranbourne.
Again another region Ryder has tipped for future growth previously. The Redcliffe Peninsula is geographically close to Brisbane but price growth has stagnated for years because there were not adequate transport links.
A long-promised rail connection is closer with the contract awarded in September last year.
Typical house prices range from $351,000 in Margate to in excess of $680,000 at Newport.
ROCKINGHAM CITY, WA
Mr Ryder says the Perth market has moved strongly into a growth phase.
“An area which stands out for its affordability, lifestyle and future prospects is the City of Rockingham,’’ he says. The area, about 50km south of central Perth the area has relatively low prices and small vacancies.
Typical house prices range from $320,000 at Cooloongup to $395,000 at Port Kennedy.
Seaford in the southern seaside suburbs of Adelaide has a good track record of steady price growth.
It is one of South Australia’s strongest population growth areas.
“It’s prospects have grown considerably with the announcement of two pieces of key transport infrastructure, the extension of rail links to the suburb and duplication of the southern expressway which terminates close to Seaford,’’ he said.
Typical house prices start around $336,000 for a house in Seaford, to $380,000 for a house in Seaford Meadows.
SUNSHINE COAST, QLD
The Sunshine Coast market is poised to return to growth for the first time in six years. The market is helped by a number of factors including growth in the tourism industry, balance in supply and demand, price drops have made property more affordable, many fly-in-fly out workers choose to settle on the Sunshine Coast.
House prices typically start at around $320,000 in Nambour to $700,000 in Noosa.
The third largest city in New South Wales has suffered recently from the downturn in the manufacturing industry and job losses at major employer BlueScope Steel.
“But the city has staged a comeback, boosted by a number of major projects.’’
House prices typically start at around $330,000 in Unanderra to $535,000 in Cordeaux Heights.
Original article published at www.news.com.au by Michelle Hele, News Corp Australia, 14/5/2014
BUDGET: Cash splashed to fix Ipswich’s congested highway
ONE of Ipswich’s worst intersections will be fixed with the Federal Government committing to fund an upgrade to the Cunningham Highway.
In his third budget, Treasurer Scott Morrison revealed $170 million would go towards improving the dreaded Amberley Interchange.
The project will include a realignment of the highway between Yamanto and Ebenezer Creek and an upgrade of the Ipswich-Rosewood Rd.
Expansions and growing military activity at RAAF Base Amberley has put pressure on the interchange.
The $170 million funding injection also comes as the Ipswich City Council considers a proposal from Lantrak to move 1 million tonnes of landfill each year to rehabilitate the New Hope coal mine at Jeebropilly.
According to the application more than 250 heavy vehicles would transit the highway each day.
The government says the Cunningham Highway upgrade will “improve travel reliability and reduce congestion”.
It is expected the Queensland Labor Government will match the funding to start the $340 million project.
Federal Labor MP Shayne Neumann confirmed his party would offer bipartisan support and also commit to fixing the highway in a “major boost for the economic capacity of the Ipswich region”.
“The road takes 2700 heavy vehicle movements a day, and plays a significant role in transporting people and freight between Brisbane and Sydney,” he said.
“These vital upgrades to the Cunningham Highway have long been identified on Infrastructure Australia’s Infrastructure Priority List.
“That’s why it’s disappointing the Turnbull LNP Government have had to be dragged kicking and screaming to fund this project.”
Become an entrepreneur
OLDER residents in Ipswich will be encouraged to become entrepreneurs so they can stay in the workforce longer.
The Federal Government will roll out 20 new entrepreneurship facilitators across the regions over the next four years.
Ipswich, along with central Queensland, Ballina and Tweed, will benefit from the program.
The small business experts will teach mature-age people how to start and maintain sustainable businesses.
The Federal Government has set aside $2.7 million in the 2018-19 financial year for the project.
A further $15 million will fund the program until June of 2022.
The government has also committed to continuing the Job Change project that assists mature-age workers to remain in the workforce as retirement and pension ages creep upwards.
Amberley cashes in on Defence spending
RAAF Base Amberley will take a share in millions of dollars in upgrades in the Defence portfolio.
A new Air Traffic Control Radar will be installed at Amberley as part of an estimated $96 million investment in new technology across several bases.
Working accommodation, maintenance, warehousing and training facilities will be built to support the introduction of the Growler Airborne Electronic Attack Capability aircraft.
The project is scheduled for completion by early 2021.
A C-17 maintenance facility, aircraft apron and associated infrastructure will also be constructed.
It is scheduled for completion by early 2019.
Australia’s largest solar farm planned near Ipswich
Somerset already hosts a number of energy projects including hydroelectric plants at Wivenhoe Dam and Splityard Creek Dam.Contributed
AUSTRALIA’S largest solar farm has been proposed for a rural site near Ipswich.
The proposed plant, east of Harlin along the D’Aguilar Highway, would have final capacity of 1,500 megawatts, six times larger than its closest rival.
Plans include two substations and the capacity to hire to 60 people.
The Sunraysia solar farm in NSW is Australia’s largest under construction, at 250 megawatts.
Other Australian solar farms of up to 1,000 megawatts have been proposed.
Somerset Mayor Graeme Lehmann said it was a complex development application from Ethos Urban planning consultants.
The company has been involved in other large infrastructure projects throughout Australia, on behalf of Sunshine Energy Australia Pty Ltd.
“We understand the attractions of the site include its proximity to the existing high voltage power network and proximity to Brisbane,” Cr Lehmann said.
“The site has been largely cleared in the past and is within one hour of the 570 MW pumped storage hydroelectric plant at Splityard Creek which is also in the Somerset Regional Council area.
“The development application includes two substations, facilities for up to 60 employees and provision for battery storage.”
“The application has been referred to various government departments and agencies for their input and we will carefully assess it against our planning scheme like any other proposal.”
Somerset Regional Council is reviewing the application.
Education City link approved by Ipswich Council
A FOOTPATH that will link Springfield’s Education City to the Robelle Domain Parklands in Springfield Central has been approved by Ipswich City Council.
Plans were lodged by Springfield Land Corporation on February 2 this year and first approved on February 26.
However Ipswich City Council did not approve the use of Hoop Pines to landscape the pathway.
After some negotiating a new decision notice was issued on April 9 with the condition stipulating that Hoop Pines were not to be used deleted.
The land where the pathway is being constructed is lot 810 Sinnathamby Boulevard, Springfield Central.
Described as an open space boulevard pathway, the public concrete path and associated landscaping work has been approved in full subject to conditions.
Footpath lighting is to be installed, and a spotter catcher is to be engaged to supervise vegetation removal and ensure any native fauna including native bees are identified and relocated.
The spotter catcher is to submit a report before and after vegetation clearing works are undertaken detailing what wildlife has been identified and preventative and remedial actions taken to ensure animal safety.