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Brisbane suburbs feature on top ten list

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Ipswich Investor, Property Management, Real Estate Ipswich, Mortgage Broker Ipswich, Ipswich property market, ipswich property prices

Population growth and big infrastructure spending in these areas have earned them a place on the list for increased property prices this year.Ipswich Investor, Property Management, Real Estate Ipswich, Mortgage Broker Ipswich, Ipswich property market, ipswich property prices

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.

TERRY’S TIPS

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’’.

CAIRNS, QLD

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.

REDCLIFFE, QLD

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, SA

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.

WOLLONGONG, NSW

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

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Rail line grows three times faster than state average

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springfield rail line

THE number of passengers travelling on Springfield’s rail line has grown almost three times faster than the state network average.

springfield rail line

In a glimmer of good news for Ipswich’s public transport situation, new data shows 1.09 million passengers travelled on the Richlands Springfield Central line in the 2017-18 financial year.

Springfield Central was the most popular station, with 482,913 passengers.

Rail Back on Track spokesman Robert Dow said the figures were good news for Ipswich’s busy eastern corridor.

“It’s good people are using the system and it adds momentum for improvements to the bus network to get people to and from the station,” he said.

Since the 2016-17 financial year, patronage across the state’s rail network has grown 3.36 per cent.

Growth at Springfield Central has outstripped the average by recording an 8.13 per cent increase.

“Springfield looks good,” Mr Dow said.

While passenger numbers are positive at Springfield, other rail lines remain underutilised, Mr Dow said.

“It’s been pretty bad on the Ipswich-Rosewood line,” he said.

In the previous financial year, 1.77 million passengers used the line.

It was the first time in five years the network has recorded an increase in growth after a steady decline in numbers from a height of 2.1 million in 2012-13.

Mr Dow puts the most recent increase partly down to a new fare structure and regional growth.

“The population is increasing generally and people at Redbank Plains and places like that are driving to the Ipswich rail line,” he said.

Mr Dow said improvements still needed to be made on the region’s bus network.

He said park ‘n’ ride facilities at stops along the network were at capacity. Ipswich Station had the highest passenger fall, with 23,389 people deserting the track.

Redbank was the most improved station, with passenger numbers growing about 19,000 on the previous year, to 229,145.

“It’s good to see Rosewood has got growth – people are starting to use the Ipswich to Rosewood line,” Mr Dow said.

He said the passenger number information should be made free on the Translink website.

“TMR should make this sort of data available,” he said. “Having to pay $48 for this is fairly outrageous.”

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Queensland’s $46 Billion Infrastructure Boom

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Queensland’s $46 Billion Infrastructure Boom

The Palaszczuk Government has released an update to its 2018 State Infrastructure Plan as it aims to roll-out a total of $45.8 billion worth of infrastructure over the next four years.

The second part of its State Infrastructure Plan (SIP) focuses on a range of infrastructure spending with its updated release, outlining the $11.6 billion of infrastructure investment to be rolled out in 2018-19, which aims to support up to 38,000 jobs.

Economic forecaster Deloitte Access Economics said that the outlook for engineering construction in Queensland is better than it has been for some time.

“Rather than wallowing in cash from a strong property market and asset privatisations as NSW and Victoria are, the Government is relying more heavily on raising new tax revenue and increasing debt to fund this infrastructure,” Deloitte’s quarterly Business Outlook report said.

Up to 65 per cent of the Queensland’s infrastructure budget is allocated outside of the greater Brisbane area, explained Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick.

“Programs like the Queensland Transport Roads and Investment Program 2018-19 to 2021-22 outlines $21.7 billion in transport and road infrastructure over the next four years, estimated to support an average of 19,200 direct jobs over the life of the program.

Queensland’s $46 Billion Infrastructure Boom

The $5.4 billion Cross River Rail project, the biggest state funded infrastructure commitment in more than a decade, will be delivered in partnership with the private sector, explains Dick.

Infrastructure Association of Queensland chief executive Steve Abson said the infrastructure investment strategies update provides the private sector with confidence to invest in their Queensland operations.

With it now required to be “actioned collaboratively by all levels of government and the private sector”.

Seven new projects have been added to the Building Queensland (BQ) infrastructure pipeline, including upgrades to the centenary motorway and Sunshine Motorway, and a third track to be added to the Gold Coast rail line between Kuraby and Beenleigh.

Queensland’s $46 Billion Infrastructure Boom
Seven new projects have been added to the Building Queensland infrastructure pipeline, including a third track on the Gold Coast railway line to be further investigated

BQ Infrastructure Pipeline Report which presents priority infrastructure proposals under development by the Queensland government, shows 18 proposals from the pipeline has received funding commitments from state government since June 2016.

These include upgrades to the M1 from Eight Mile Plains to Daisy Hill, and Varsity Lakes to Tugan, the Beerburrum to Nambour Rail Upgrade, the Lower Fitzroy River Infrastructure Project and the New Performing Arts Venue.

A rise in interstate migration is seeing more people moving to Queensland, according to the Deloitte’s Business Outlook report, which says the sunshine state now has the third-fastest rate of population growth behind Victoria and the ACT.

The report said that Queensland is “well and truly” through the worst of its mining construction downturn as eye-watering house prices south of the border are sending more “economic refugees north to Queensland”.

Source: brisbaneinvestor.com.au

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Five Ipswich public high schools to get new classrooms

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Five Ipswich public high schools to get new classrooms

The State Government will commit $250 million over two years in the State Budget to build additional classrooms at more than 60 schools including Bremer, Ipswich State High School, Laidley State High School, Lowood State High School and Springfield.

Deputy Premier and Treasurer, Jackie Trad, said the ‘2020 Ready’ funding boost would support students in more than 60 Queensland high schools across the State.

“Our kids are our future and, as a government, one of the most important things we can do is give Queensland students a world-class education,” Ms Trad said.

“This investment will deliver more classrooms and learning centres to provide the best possible environment for learning.

“Queensland is a fast-growing State and this investment is about planning for the future.”

Education Minister Grace Grace said in 2020, for the very first time in Queensland’s history, high schools would have a full complement of students across Years 7 to 12.

“This infrastructure program is about making sure we are ‘2020 Ready’,” Ms Grace said.

“This $250 million investment will ensure our schools can accommodate the additional 17,000 students expected in our high schools from 2020 and into the future.

“It brings the total funding commitment towards increasing the capacity of state secondary schools to more than $470 million between 2017-18 and 2019-20.”

Ms Grace said the ‘2020 Ready’ program signals the next phase of Queensland’s major education reforms, which started more than a decade ago.

“Queensland’s first intake of Preppies were those whose birthdays were in the first half of the calendar year – so theirs has always been a much smaller cohort of students, known as the ‘half cohort’,” she said.

“Our next educational reform came in 2015, when we moved Year 7 into high school and established six years of secondary education, which was also supported with significant infrastructure investment.

“However, our smaller ‘half cohort’ has been in high school since 2015 too – meaning we have never had the full complement of students across all six year levels in our secondary schools.

“With the original Prep students set to graduate from high school at the end of 2019, we will have – for the very first time – six full year levels of students in Queensland secondary schools from 2020.

“This new $250 million investment for additional classrooms will prepare those schools identified as requiring additional capacity for the additional students expected in 2020.”

Source: www.qt.com.au

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