Coveted suburbs continue to drive Queensland housing market

1 min read

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Queensland’s real estate market is getting a major boost from several suburbs which continue to perform very well indeed. Ripley is one of the top five suburbs in outer Brisbane that have racked up growth in double digits for median home prices. These are suburbs which have grown by anywhere between 10-17% over the last year or so. Other growing suburbs include Rosewood, Flinders View in Ipswich and also Bongaree and Murrumba Downs in Moreton Bay.

Ripley is located strategically between Springfield and Ipswich and is one of the fastest-growing suburbs in the entire zone as per market experts. Ripley offers a solid community lifestyle and a family friendly ambience overall, factors that are contributing towards its steady growth in recent times. In the near future, Ripley is expected to get more than 50, 000 housing units for accommodation of more than 120, 000 individuals.

Over the course of time, the train network will be extended from Springfield and tied to the Brisbane City and Ipswich lines, thereby enabling all residents to avail of public transportation facilities with ease. Providence South Ripley is one of the key residential communities situated within the zone and already 1200 blocks of land have been covered by way of residential development. Several new projects are coming up here and there should be even more demand witnessed in the near future. Average land values in Ipswich saw growth of close to 10% over 12 months till September 2018.

Median land prices increased by 3% to stand at $208, 550 for 2018, average block sizes continued going down, scaling up rates per square metre to roughly $482. The median land price in Ipswich is the lowest across South East Queensland and this naturally translates into cheaper housing options and higher demand. The median land price in Brisbane and the Gold Coast stands at $366, 625 and $333, 688 respectively. Land sales have been strong and this has naturally spawned several residential housing ventures in recent months. Ripley Valley will benefit from the upcoming lifestyle amenities like retail zones and educational institutions along with other vital infrastructure. Presently, the median home price for Ripley stands at $400, 000 as compared to $339, 000 one year earlier.

Resident Editor