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New research shows there will be winners and losers when the Gen Ys, Gen Zs and Baby Boomers relocate to new homes

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HIP LIFESTYLE: Gen-Y will continue to flock to Brisbane’s inner suburbs.

HIP LIFESTYLE: Gen-Y will continue to flock to Brisbane’s inner suburbs.

THE kids will continue to flock to the inner city but their parents and grandparents face having to leave their long-term neighbourhood to find affordable retirement options far away.

A report authored by Resolution Research director Diana Howes found population shifts in southeast Queensland over the next 10 years will dictate the future of the residential development market.

She said the property industry and governments need to “rethink” their long-term strategies, especially concern over a supposed looming oversupply of apartments and the lack of retiree accommodation in established suburbs.

“Gen-Y demand is still going to continue in the inner urban area and it will be focused in Newstead/Bowen Hills and South Brisbane,” she said.

“When they start families and move out they will go to the northern and southern growth corridors in the next five to 10 years and Gen-Z will replace them in the inner city.”

“Those developers in the growth corridors need to understand that it is going to be critical to deliver an affordable product for them.

“Importantly there will be an acceptance of what has traditionally been described as small in terms of small lots and small houses because they’re used to a medium and higher density dwelling environment.

‘’It means that the size compromise which we’ve seen as a bit of an issue is now more of an opportunity.”

According to the Queensland Generational Study — key growth areas, which will being delivered at a luncheon today, in the next 10 years there will 61,843 extra Gen-Y and Gen-Z residents in inner Brisbane needing an extra 30,920 new dwellings.

They will come from places like Bribie Island the Sunshine Coast hinterland and Bargara/Burnett Heads and to a lesser extent in Brisbane the Hills District, Forest Lake-Doolandella, Morningside-Seven Hills, Camp Hill, New Farm and Annerley.

When Gen-Y start leaving the inner city in the next five years, according to population projections compiled by the Queensland Treasury, they will relocate to areas like Coomera, Upper Coomera/Willow Vales, North Lakes/Mango Hill and Deeragun.

In the following five years the will migrate to Ripley, Coomera, Jimboomba, Greenbank and Springfield Lakes.

Ms Howes said critically the Baby Boomers are freeing up equity and starting leaving the Brisbane City Council region seeking appropriate retirement options on the Gold and Sunshine coasts, Ripley, Springfield and Bethania/Waterford.

In Brisbane only the apartment havens of Newstead/Bowen Hills, Chermside and South Brisbane are expected to see any increase in the baby boomer population.

“This rings a lot of alarm bells for me and the Brisbane City Council at the moment seem to have zero planning initiatives to house retirees,” Mr Howes said.

“Attention should be given to how we should house these people in situ. If they home no options near home it could create social issues by forcing them away from family and social connections.

“We know there are issues about land availability … but it’s an issue that council should be able to address.”

Original article published at www.couriermail.com.au by Chris Herde 15/7/16

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Residential

Work starts on Ipswich ‘affordable housing’ project

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Work starts on Ipswich 'affordable housing' project

GREAT START: Jennifer Howard MP with Darren Delaforce – Project Manager Housing and Public Works and Nick Simpson and Brett Johnston from Paynter Dickson Qld ‘turning the sod’ at the new social housing project in Booval.

A NEW social housing project has kicked off in Ipswich.

Works began this week at the Booval development near the train station.

The project is the first of many more to come and part of a $103million package to deliver safe, secure and affordable housing for Ipswich residents over the next five years.

The availability of affordable housing has been flagged as an issue in Ipswich.

The two-level, two-building project at 18 Dudleigh St will create six new homes and is expected to be finished before the end of July.

Assistant Minister for State and Ipswich MP Jennifer Howard said the two ground-floor units would offer enhanced accessibility and adaptability suitable for people with mobility challenges.

“The ground-floor apartments will be built to platinum standard of the universal Liveable Housing Design Guidelines and boast features such as wider hallways, level thresholds and provision for grab rails,” Ms Howard said.

“This ensures they are easily adaptable when the needs of occupants change over their lifetimes.

“The apartments will also be close to local shops, the Booval train station, bus stops and parks, ensuring they will enable better connections to support and health services, and encourage greater social, economic and cultural participation.”

Ipswich’s population is expected to grow by 11,000 people by 2027.

“It is important that we invest now in preparation for future demand,” she said. “The Department of Housing and Public Works continues to work closely with Ipswich City Council to respond to specific housing affordability issues in the city.

“We are also now seeing additional HCJP opportunities from the market to build social housing in Ipswich to further support and accelerate new construction and precinct development.”

The $103 million to be spent on affordable housing in Ipswich, via the State Government’s Queensland Housing Strategy, will create 383 new social housing homes and create 59 full-time industry jobs each year.

Housing Minister Mick de Brenni said the $103million investment was a key element of the strategy which was “transforming the way housing services were delivered”.

“This strategy is all about better supporting people in need, and creating a pipeline of development opportunities for local trades and builders,” Mr de Brenni said.

Originally Published: qt.com.au

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Residential

Defence Housing Australia launches new estate in Deebing Heights

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Defence Housing Australia has just launched Torhaven in Ipswich.

DEFENCE Housing Australia (DHA) has officially launched its new Torhaven development in Deebing Heights in Ipswich.

The $78 million project covers 27ha and will have 294 land lots. It will eventually deliver around 100 homes for Australian Defence Force personnel and their families, supporting the Air Force and Army at Ipswich’s Amberley base, with the remaining lots being opened to the public.

The first allocation of 43 Defence homes is due to be delivered in September next year. With the sales launch of the first 62 public purchase lots scheduled to start from November.

DHA’s chairman the Honourable J. A. L Sandy Macdonald, and managing director Ms Jan Mason, recently hosted local Ipswich resident and original landowner Mr Andy Rawlings, and Wing Commander Karen Breaden, for the ceremonial sod turning event.

The launch unveils DHA’s Torhaven development to the Ipswich community and marks the inaugural excavation works on the site.

“As DHA’s first major masterplanned community in the Ipswich region, we are indeed excited to mark the beginning of Torhaven,” Mr Macdonald said.

“Our vision for Torhaven is to create a sustainable and safe parkland community that’s characterised by high quality homes, tree-lined streets and shared community spaces.”

Around $2 million will be spent on parks and open space which will cover about 20 per cent of the site.

Property services group Oliver Hume has been appointed sales and marketing agent for the project.

Oliver Hume Queensland managing director Brinton Keath said the project was well positioned to take advantage of the strong market for new land in the Ipswich growth corridor.

“This corridor presents some of the best value buying of anywhere in Queensland at the moment,” he said.

“We would expect to experience strong demand from local buyers looking to upgrade into a new home, as well as families moving to the area for employment opportunities.”

Torhaven is a name derived from Tor, a high rocky hill, and haven, a place offering favourable opportunities or conditions — directly referencing the site’s natural features and honouring the use of the site by the local Rawlings family for over 40 years.

DHA acquired the site on 19 May 2015 from Mr Andrew ‘Andy’ Rawlings and his wife, Sandra, who are members of the same Ipswich family that founded Rawlings Shoes and mens wear in 1898. The Rawlings’ store still exists in its original location at 137 Brisbane Street in the Ipswich CBD.

“To begin this project alongside a family who has called Ipswich home for some 115 years, is an honour and is in the true spirit of the community feel we hope Torhaven personifies,” Mr Macdonald said.

 

Originally Published: www.weeklytimesnow.com.au

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Residential

$1.5bn Town Centre Under Construction As Developer Releases Second Neighbourhood To Market

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ecco ripley

The $500m master planned development, “Ecco Ripley” has now released its second neighbourhood, “Lighthaven” to market, with 40% of the first release already sold. 

According to the Ecco Ripley website, Ripley Valley continues to grow and will reach an estimated population of 120,000 over the coming years, with the $1.5 billion Ripley Town Centre currently under construction.

Located in Ipswich’s western corridor Ripley Valley is expected to accommodate 25% of south-east Queensland’s population increase over the next 20 years. Ipswich is 40 kilometres west of Brisbane’s CBD.

Lighthaven comes to the market from developer Sekisui House following the release of the neighbourhood “Brooking Rise”, where more than 750 residents are living in, or building their homes.

The development master plan has received a 5 Star Green Star Communities rating from the Green Building Council of Australia.

ecco ripley

Artist’s impression of Ecco Ripley town centre

Sekisui House CEO and Managing Director Toru Abe said Lighthaven reflected the company’s commitment to rolling out the next generation in community living.

“Lighthaven embodies a new generation in lifestyle, in line with Sekisui House’s philosophy of creating all-encompassing living environments from the building of individual homes to infrastructure, roads, public spaces and amenities,” he said.

“Our holistic and sustainable approach to design and development is realised in both land and built-form with Lighthaven and the development of major infrastructure for the region with the Ripley Town Centre.”

Featuring more than 10 hectares of open space and parklands, Lighthaven will be at the heart of the Ripley Valley as the closest neighbourhood to the Ripley Town Centre, which will be just a short walk or cycle away.

Buyers in the initial release of Lighthaven will be moving into their new homes when the $40 million first stage of the Town Centre opens in early 2018.

Home owners in Lighthaven will be no more than 200 metres from the neighbourhood’s extensive open space and parklands, which includes seating, barbecues, shelters, walking tracks, parks, playgrounds, outdoor gym equipment and family activity areas.

Lighthaven’s first release comprises 38 lots that range in size from 300 sq m to 450 sq m, and are priced from $172,000.

Suitable for first home buyers, investors, upsizers and downsizers, Lighthaven lots are NBN-ready and offer natural gas connection.

Buyers have the option of building their home with a house-and-land package designed by Sekisui House or to use a builder of their choice.

With 20% of the overall community dedicated to parklands, Ecco Ripley will boast 75 hectares of recreation space, and already has planted more than 2000 native trees and 93,000 ground cover plants.

The Ripley Valley region is forecast to become home to as many as 120,000 people in the next 20 years.

Upon completion, Ecco Ripley is planned to comprise 4,300 homes, housing approximately 10,000 residents.

Ripley Town Centre is expected to generate 20,000 local jobs while the Ripley Town parklands will be one of five Ipswich City Council regional park destinations.

The Quay Family’s Ripley Medical Precinct is one of the company’s largest medical precincts to date and will offer a wide range of medical services including general practitioners, specialists, pathology, radiology, optometry, dental care, podiatry and other allied health.

 

Originally Published: www.theurbandeveloper.com

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