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Girl power driving property market: report finds more women than men buying homes



Girl power driving property market: report finds more women than men buying homes

Kate Harder has just bought her first property at 19 and is one of the women who are leading the way when it comes to buying, selling and investing in property. Picture: Adam HeadSource:News Limited

WOMEN are winning the battle of the sexes in the property sphere as financial challenges like the gender pay gap and taking time off work to have kids push them to find alternative income streams.

This is the finding of Westpac’s latest Home Ownership Report, which reveals Aussie women are now significantly more likely than men to be planning some sort of real estate action in the next five years.

This included buying a home (28 per cent of women versus 20 per cent of men), buying an investment (16 per cent, 13 per cent), selling a property (17 per cent, 14 per cent) and renovating (29 per cent, 27 per cent), according to the survey of more than 1000 Australians.

First home buyers of the fairer sex were twice as likely to consider buying an investment property in the short-term.

Westpac has released its latest Home Ownership Report. Image: AAP/Lukas Coch.

Westpac has released its latest Home Ownership Report. Image: AAP/Lukas Coch.Source:AAP

Women’s attitudes towards home ownership have also seen a major shift in the past year, with

43 per cent of female first home buyers strongly believing that ‘owning your own

home is a reflection of your success in life’, compared with 22 per cent of men.

Westpac head of women’s markets Felicity Duffy said the survey findings foreshadowed a spike in home loan applications from women over the next five years.

She said women faced “unique financial challenges”, including income inequality and having to take time out of their jobs to have children or care for elderly parents, which impacted their short- and long-term security.

“They’re taking matters into their own hands and increasingly investing in property as a potential way to secure their financial futures,” Ms Duffy said.

Women are taking the lead when it comes to property, a new report reveals. Image: AAP/Glenn Hunt.

Women are taking the lead when it comes to property, a new report reveals. Image: AAP/Glenn Hunt.Source:AAP

While traditionally buying a home was something a woman did with her partner, more were entering the market on their own as they became financially independent and got married later in life, she said.

Kate Harder is not your average 19-year-old.

Instead of travelling the world and hitting the pubs and clubs like her peers, the ‘budding property tycoon’ is building her empire.

“I’ve always dreamt of building and owning my own home and plan to build more down the track,” she said.

“My Dad is a builder and I’ve grown up with that mindset.”

Ms Harder is purchasing her first block of land and building a custom designed three bedroom and two bathroom home at Monterea Ripley, a residential village that will feature 900 new homes on about 60ha in Ripley Valley, near Ipswich.

Ripley Town Centre is expected to create 20,000 new jobs for Ripley Valley.

Ripley Town Centre is expected to create 20,000 new jobs for Ripley Valley.Source:Supplied

Monterea Ripley director Jamie Martin and developer Gerry McHale.

Monterea Ripley director Jamie Martin and developer Gerry McHale.Source:Supplied

Advantage Property Consulting director Frank Valentic said women in couples also often took the reins in the hunt for family homes.

“‘I’ll have to talk to the boss’ is a common phrase used by a husband discussing investment options if his wife isn’t present,” he said.

“Women are much more focused on leaving a legacy for their children given the challenges of getting kids into the market, particularly in Sydney and Melbourne.”


Considering a housing action in the next five years (71% women vs. 61% men) including:

—Buying a home: 28% vs. 20%

—Renovating: 29% vs. 27%

—Buying an investment property: 16% vs. 13%

—Selling a home: 17% vs. 14%

Among first-home buyers:

—Considering buying an investment property in the next five years: 22% women vs. 11% men

—Strongly believe owning their own home is a reflection of their success in life: 43% vs. 22%, up from 34% vs. 29% in 2016

—Strongly believe owning a property is a pathway to wealth: 31% vs. 20%

(Source: Westpac Home Ownership Report 2017, based on a survey of 1000 Australians)

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Ipswich set to trial electric driverless shuttle buses



Ipswich set to trial electric driverless shuttle buses

A French company that has developed and launched driverless electric shuttle buses in 20 countries will next week trial their driverless electric mini-bus at Springfield near Ipswich.

This follows trials along the Esplanade at Mooloolaba in December 2017 and their introduction at big business sites in California and Singapore in 2015.

They have also been trialled in Canberra and Darwin.

Overseas, the fully electric vehicles are used on airports and on large commercial sites to shift employees around the work sites.

Each shuttle costs about $320,000 but can carry 12 people – six seated, six standing – up to 45km/h.

When fully charged they can run for 14 hours from their lithium-ion battery, which charges overnight in eight hours.

They have no steering wheel and use sensors on each corner to “read” the roadway, objects in front, back or beside the vehicle.

The company is called EasyMile, which was put together in 2014 and now has launched driverless shuttle buses in the Asia-Pacific region, the Middle East, North America and Europe.

The same model – the EasyMile’s EZ10 electric shuttle – is coming to Ipswich.

Ipswich City Council is trialling one of the driverless shuttle buses around its Orion water theme park lagoon near the Orion Shopping Centre on John Nugent Drive at Springfield next week from Monday.

EasyMile spokesman Simon Pearce said anybody could ride the shuttle during the public demonstration times next week.

“The loop along John Nugent Way takes about five minutes, so it’s a great way to get a taste for what the future of public transport might be like,” Mr Pearce said.

Mr Pearce previously told News Corp the driverless shuttles used sensors to detect things around the vehicle.

“It operates completely autonomously, so no steering wheel, no driver’s seat, no accelerator, no brake,” Mr Pearce said.

“On each corner we have sensors which detect the road (and) they detect if people are walking in front of the vehicle.”

Their website says the company hopes to provide “a powerful in-house fleet management solution for autonomous vehicles”.

“(We can) provide smart mobility solutions for transporting passengers or logistics on private sites, urban, suburban or rural areas in diverse environments.”

Ipswich’s mayor Andrew Antoniolli said the city was interested in electric vehicles and had begun to install electric vehicle chargers on several of its light poles.

“The demonstration of this driverless technology is a long-term transport prospect and one we are certainly investigating.”

In September 2017, Ipswich City Council and the state government announced plans to recruit 500 motorists for a trial where their cars are fitted with technology allowing them adjust to information from road signs, or new road safety warnings, or queues.

“For example, a pedestrian crossing at a signalised intersection, a red light runner or a queue ahead,” Main Roads Minister Mark Bailey said in September 2017.

“These rapidly developing co-operative and automated vehicle technologies could significantly reduce crashes and congestion and also reduce vehicle emissions and fuel use.”

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These suburbs under $400,000 are tipped to outshine Sydney



These suburbs under $400,000 are tipped to outshine Sydney

Ipswich is expected to see stronger returns than Sydney with a median price that’s about half the southern capital.Source:Supplied


NINE Queensland cities are tipped to return more bang for buck than star performers Sydney and Melbourne — and they’re about 50 per cent cheaper too.

Latest analysis by market research firm Propertyology found 39 growth locations where median house prices were less than $400,000 but whose returns were expected to beat the southern capitals.

Propertyology managing director Simon Pressley said the list included nine in Queensland, four in Tasmania, five in South Australia, eight in Victoria, nine in New South Wales, three in Western Australia and one in the Northern Territory.

“I am not a betting man however, each of these 39 locations have a superior three-year outlook to Sydney and Melbourne,” he said.

The Queensland suburbs were expected to come out strong.

“All things being equal over the next three years, both Sydney and Melbourne might be flat out producing 10 per cent cumulative price growth whereas Propertyology believes that each of the nine Queensland locations have potential to exceed that”.

Ipswich and Logan in the greater Brisbane region were on the list of top growth areas where the median house price was less than $400,000, as were Rockhampton, Bundaberg, Hervey Bay, Mackay, Townsville, Toowoomba and Cairns.

Propertyology managing director Simon Pressley has picked 39 growth locations with median house prices at $400,000 or less.

Propertyology managing director Simon Pressley has picked 39 growth locations with median house prices at $400,000 or less.Source:Supplied

The locations were assessed based on affordability, economic diversity, essential infrastructure, lifestyle, increased demand for housing and expected improvement in economic conditions.

Mr Pressley said for less than $400,000, there could be good returns for the taking.

“Some homeowners, particularly in the big cities, think nothing of spending $400,000 on a renovation or $800,000 to $1 million to buy a single property. However, for the same amount, you can buy two or more affordable properties in locations with considerable upside growth potential and rental returns that generate positive or near-positive cash flow.”

He called for investors to not underestimate the lifestyle and infrastructure potential outside big cities.

“Affordable property is available in every state and territory so there is no need to buy property in locations that are past the peak of the latest cycle and will burden you with significant out of pocket expenses. Interstate migration figures are already showing a shift away from Sydney to affordable lifestyle locations, many of which are now accessible by a one-hour direct flight. The rise of rentvesting is also testament to the growing demand for affordable property.”


(Suburb/Median house price):

Albany WA $380,000

Logan QLD $400,000

Albury NSW $330,000

Mackay QLD $330,000

Ararat VIC $192,000

Mount Gambier SA $255,000

Armidale NSW $360,000

Narrabri NSW $290,000

Ballarat VIC $328,000

Onkaparinga SA $360,000

Bendigo VIC $327,500

Orange NSW $367,500

Bunbury WA $330,500

Parkes NSW $241,000

Bundaberg QLD $296,000

Port Augusta SA $192,500

Burnie TAS $224,500

Port Lincoln SA $300,000

Cairns QLD $400,000

Rockhampton QLD $270,000

Corangamite VIC $227,000

Shepparton VIC $260,000

Devonport TAS $250,000

Sorell TAS $313,500

Dubbo NSW $360,000

South Gippsland VIC $285,000

Gawler SA $335,000

Tamworth NSW $335,000

Geraldton WA $315,000

Toowoomba QLD $375,000

Glenorchy TAS $320,000

Townsville QLD $340,000

Griffith NSW $308,000

Wagga Wagga NSW $350,000

Hervey Bay QLD $320,000

Warrnambool VIC $325,500

Ipswich QLD $341,000

Wodonga VIC $330,000

Katherine NT $322,500

(Source: Propertyology)

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SOLD OUT: Family fight for dream home in high demand suburbs



SOLD OUT: Family fight for dream home in high demand suburbs

FAMILIES are lining up to beat interstate and international property investors at their own game.

They’re cashed up and ready to pounce on homes in Ipswich suburbs within hours of them hitting the market and investors from other parts of the country don’t stand a chance.

Real estate agents in Springfield, Springfield Lakes, Camira and Augustine Heights have lists of contacts saved in their phones for local Ipswich families who want a slice of the suburbs.

In some instances, homes are under offer within three hours of hitting the market.

Close to 10,000 families already call the in-demand suburbs home and thousands more want in on the action.

The lucky buyers are not from interstate. They aren’t buying to invest or rent, but they want two living spaces, more than one bathroom and enough bedrooms for all their children.

McGrath sales agent Clare May said it was a supply and demand situation that has led to some families who weren’t quick enough missing out on their dream home.

“There seems to be a lot of families that want to move into the greater Springfield area and what we’re finding is we are having a large number of open homes but multiple offers,” Ms May said.

“Properties are coming on to the market and before we can even advertise them. We’ve already had multiple views. We have a large amount of buyers, literally lists of buyers, who are waiting for properties.

“We had a home go under contract within three hours of the property being listed. The ink was still wet on the forms and buyers were already going through.”

The exodus is occurring for families who already call the city home but want bigger homes in expanding suburbs.

Ms May said the great Australian dream of a big backyard had been foregone for expansive homes with extra space for families to spread out – and the price tag to match.

“We’ve got the lagoon, we’ve got Robelle Domain, wherever you live within the greater Springfield region, you can walk to a park.

“The idea of having a larger block isn’t necessarily as appealing as it used to be, it’s more the big house,” Ms May said.

“The prices have been going up. We’ve seen a large amount of properties listed for sale between the $700,000 and $750,000 mark which is quite unusual for somewhere like Springfield Lakes. Recently. we’ve had a number of higher-priced properties that have been listed and record sales recorded.

“These sales have become more and more popular. You wouldn’t necessarily expect to have as many people through open homes looking at that price because they would normally look at somewhere like Brookwater.”

She said the majority of blocks in Camira were almost double the size of the average 550sq m blocks in Springfield Lakes.

“Camira is a bit better for block sizes so we are finding most of the buyers we are selling to in Camira are from Springfield Lakes and are re-locating to Camira for the bigger blocks.

“People do not want not to live quite as close to their neighbours,” Ms May said.

Realtors can’t keep up with demand

THERE are more buyers than there are homes in Springfield, with real estate agents putting buyers on speed dial.

Cashed-up families want to see homes the moment they go on the market and those most desperate are willing to go to extreme measures to snap up a home.

McGrath sales agent Clare May said homes are out of stock

“I look at what stock there is in the whole greater Springfield region and there is not enough. The trend has been increasing and I think it will continue to increase,” she said.

“I don’t think it’s going to slow down. I think it’s going to continue to grow because it’s supply and demand.”

Ms May said major housing developments that injected thousands of homes into the market did little to curb the supply shortage.

“Some people don’t want spanking new houses – they want to buy something that is established and has got trees and the neighbourhood.

“Who would not like to be in a satellite city like Springfield.

“I think it will get to a point it’s so big it will have to be recognised as a city.

“I don’t think it will curb the under-supply.

“From a sales perspective, people are always looking to move and re-locate. They are looking for a good area, community, space and activities they don’t have to travel for.”

Resident loves city switch

MUM Signe Langi is one of the lucky ones who has already finished building her dream home at Springfield.

Last week marked a year since Signe and her family moved into their home they love it.

She wasn’t surprised to hear property in her area was in high demand.

“We bought a property in Springfield and finished building a year ago,” Signe said.

“We really love it.”

Signe moved from Oxley with her daughter and partner.

The pair were ready to buy and looked in their local area but found the price didn’t match the quality they wanted.

“We looked at a lot of places at Oxley,” Signe said.

“A lot of them were older homes and we wanted something more modern.”

When they found the estate they wanted to build in, the pair made an application and a few months later found out they had been approved for their preferred block.

Signe works in Ipswich but didn’t want to be too far out from Brisbane either.

She and her partner settled on Springfield, deciding it was a happy medium.

The family loves the community feel and Signe, an avid walker, enjoys bypassing the lakes while out for a stroll.

“We’ve been to Robelle Domain for Christmas in the Park.

“We like all the outdoor spaces for families.

“Most of our neighbours are owner occupiers.” –Helen Spelitis

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