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One acre blocks at a premium near Ipswich CBD

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One acre blocks at a premium near Ipswich CBD

First National Real Estate Action Realty Ipswich business owner Steven Baldwin and principal Glenn Ball have had a record breaking sales month.Rob Williams

PINE Mountain is emerging as a property hot spot for families wanting large blocks, close to the city centre.

The established large blocks are slowly disappearing in parts of Ipswich with a dramatic increase in subdivisions approved by the council and standard properties in new estates being built on about 400m sq.

The number of subdivisions approved by Ipswich City Council across the city this year has doubled since 2016, the council’s latest quarterly property and development report shows.

In the past few weeks, First National Action Realty Ipswich real estate agent Glenn Ball has sold several properties in the Pine Mountain area to families moving into the city who want access to the highway, the CBD and the nearby West Moreton Anglican College.

Mr Ball said the demand for one acre properties meant good returns for sellers.

“Pine Mountain is a hot spot at the moment,” Mr Ball said.

“People are really looking for those one acre blocks and listings have picked up heading into Christmas.”

Mr Ball said there had also been a shift in the market at Peak Crossing and Walloon from the same type of buyer looking for large lot living.

“There’s aren’t a lot of pockets left around Ipswich where you can buy a modern home on a large block so that’s part of what is attracting people.

“We’re getting some really good prices for homes out at Pine Mountain at the moment. I sold one recently for $609,000 on an acre.”

Originally Published: www.qt.com.au

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Seven figure sales show Ipswich is a property gold mine

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Seven figure sales show Ipswich is a property gold mine

MANY Ipswich residents may not realise they are sitting on a property gold mine, with two homes snatching seven figures in the past few months.

A home in Waghorn St in Woodend sold in November for $1.09 million, while just up the road a home in Burnett St sold for $1.11 million this month.

June Frank from Walkers Real Estate believes it is further proof that Ipswich is becoming a destination for home buyers looking for value in their investment.

“The replacement value alone along with the huge block means that they represented great value for money,” Ms Frank, who handled both sales, said.

“If you’d have bought that house in Waghorn St and done all the work that the owners had done over the last 20 years in a short time you’d be looking at a sale price of $1.8 million to get your money back.

“I’m finding families from Brisbane all the time at open homes. You go to the northside of Brisbane and for $700,000 you’re lucky to get a two or three-bedroom home, but here you can buy a palace for $500,000 on a big block.”

Seven figure sales show Ipswich is a property gold mineThe house at 6 Waghorn Street is now one of Ipswich’s ‘Million Dollar Homes’

Local agent and Real Estate Institute of Queensland representative Darren Boettcher believes the fact Ipswich now has million dollar homes it will drive the prices up from the bottom, not the top down.

“A few years ago you could pick up a property for under $100,000,” Mr Boettcher said.

“Then it crept up to $150,000 and I think 18 months from now you won’t get anything in Ipswich for under $250,000 the way things are going. While the average price in Ipswich is now $320,000, it really is a seller’s market.”

“Things are moving up in Ipswich. When I got into this business in 1991, there were two sales people and we had 135 listings. Today we have 135 buyers and one listing, that’s how things are now. There just aren’t enough houses for sale in Ipswich. The population growth and infrastructure has changed things. Eastern Heights for example has gone up 30 per cent in five years.”

Source: www.qt.com.au

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Parts of Ipswich CBD closed to make way for demolition

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Parts of Ipswich CBD closed to make way for demolition

PARTS of the Ipswich CBD will be closed to traffic during the day time for the next three months from this week.

Police will block off one lane of Bremer St between Olga St and Ellenborough St and Mansfield Place between East St and Bremer St as heavy equipment move in to continue the Ipswich CBD demolition.

The road closures will be now until July 9 between 9am and 2.30pm Monday to Friday and 8am and 5pm on weekends.

The road closures coincide with the latest phase of the Ipswich CBD redevelopment which includes builders removing the former 30-minute car park, former Woolworths supermarket and adjoining tenancies.

Work started this week on the roof, facade, remaining walls and frames of the building.

The wrecking ball and dozers moved into the derelict site mid last year, demolishing what used to be the heart of the city, ready for a fresh new look to begin evolving in 2018.

Ipswich City Properties Chairman Councillor Paul Tully said visitors to the mall would have noticed the crane removing large concrete panels.

While the entry to P3 of the car park will be closed for a short time during this phase of construction, motorists can still enter the car park via P5 and drive up to P3. There will be no reduction in car parking spaces during this time with all parking remaining available on levels 3, 4, 5 and 6.

To enter the car park via P5, turn into Ellenborough St, turn right onto Bremer Street at the Riverheart Parkland entry and then veer right on the slip road to enter P5.

Source: www.qt.com.au

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Defence contract the best thing for Ipswich since rail began in 1865: Mayor

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Defence contract the best thing for Ipswich since rail began in 1865: Mayor

Ipswich mayor Andrew Antoniolli inside a Rheinmetall Boxer armoured vehicle. Photo: supplied.

Talking points

  • Plans for the Redbank Military Vehicle Centre of Excellence have already been lodged with Ipswich City Council.
  • The initial plan is to build 211 new generation armoured personnel carriers for the Australian Army, but the facilities could cover additional vehicles.
  • Rheinmetall at the end of 2017 began talks with Bluescope Steel to be a suppliers of Australian steel for the vehicles which will run off the production line from 2020.

The decision to award a $5 billion contract for 211 high-tech armoured vehicles in Queensland means a new multimillion-dollar Centre of Excellence at Redbank and defence jobs for 40 years.

Ipswich mayor Andrew Antionolli said the decision was the biggest news for Ipswich since Queensland Rail came to town.

Queensland’s first train line was built from Grandchester to Ipswich in 1865, kickstarting the Ipswich railway workshops that employed thousands of people until they closed last decade.

Cr Antoniolli said the Defence contract announced on Wednesday would create more than 330 permanent jobs from the outset, build significant opportunities for local businesses and provide associated work with ongoing delivery and maintenance of the vehicles.

“This is huge for Ipswich, make no mistake,” he said.

Originally Published: www.smh.com.au

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