Few places better embody how quickly the property market can change than Ipswich. For years it was overlooked by homeowners and investors alike, largely seen as a last resort alternative. However, over the last decade, it has come into its own, drawing strong interest from across the country.
Much like many other satellite cities, Ipswich has been most significantly defined by its proximity to the capital. And, given it sits only 40km from the centre of Brisbane, this is clearly an important feature of the area. However, thanks to recent investment in local infrastructure and amenities, it is now standing on its own feet.
Ipswich is now most known for being one of Australia’s fastest growing regions. The population of South East Queensland is expected to explode over the next 25 years and Ipswich will shoulder much of this expansion. In preparation for this, significant development is being undertaken throughout the area, with new communities and subdivisions being released regularly.
This has helped rehabilitate the image of Ipswich, which was marred by a poor reputation for many years. During this time, concerns over everything from safety and crime to local employment prospects put off many potential new residents. However, this is slowly changing as the number of people visiting, and moving to, the area increases.
All of this being said, the Ipswich property market can still be fairly volatile. As such, if you are considering investing in the area the services of an experienced buyers advocate could be invaluable.
Luke and Julian each have over 20 years of property investment experience.
When investing in the Ipswich property market, there are two important things to bear in mind:
It is also worth looking at the peaks and troughs of median prices and median yields over the last decade or so. After enduring major flooding in 2011, the local market struggled. However, this created plenty of opportunities for first home buyers and investors.
Eventually, demand from those looking for an affordable alternative to Brisbane started putting significant upward pressure on prices. This led to a decrease in interest from investors, but saw more homeowners considering moving to the area. More recently, investors have begun returning to the area as demand for rentals increased.
While new builds remain one of the most popular choices for homeowners, established properties are often better for investors. However, these need to be chosen carefully as renovations are usually required and growth potential is largely determined by location.
When investing in a location like Ipswich, market insight is critical. You need to know where you should be looking, what you should be looking for, and what you can expect. You also need to have a clear plan for maximising your returns.
When you work with the best buyers advocates, like Search Party Property, all of this will be managed for you.
We always start by getting to know you, your situation, and what you want to achieve. This gives us a better sense of the opportunities we should be looking for. It also helps us to tailor our advice and make sure we are giving you the right information and support.
Once we know what we are looking for, we will start the search. This usually involves pulling details from a number of sources to get a better picture of the local market. It also includes us looking at a variety of properties to determine the one with the best investment potential.
Then, when we have found a place that is suitable, we will help you secure it. We will arrange all of the required reports and help you negotiate the sale. We will even work with you to come up with a plan for the property, including any renovations required.
We will then start working on the next one. And then the next one.
Whether you are considering your first investment, or an expert looking to grow your portfolio, Search Party Property can help. Contact us today to discuss how we can help you realise your property investment goals and secure your financial future.