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
Originally Published: www.qt.com.au
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.”
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.”
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.
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.
- 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