News

House price growth tipped to outstrip Brisbane

IPSWICH real estate capital growth is tipped to double the return of Brisbane properties in three years, experts predict.

The property market's slow recovery is expected to continue this year with signs of brighter future on the horizon.

But the three-year outlook is promising, according to real estate analyst and hotspotting.com.au founder Terry Ryder.

Mr Ryder expects the capital growth of Ipswich properties to rise by 15% over the next three years, compared with 7.5% in Brisbane properties.

Mr Ryder rates Ipswich so highly as an investment hub, he included it in his national list of top 10 places to buy for 2013.

Mr Ryder said Ipswich CBD redevelopment of Icon Ipswich, the Coles superstore, along with the Springfield rail line were major factors in property growth.

"All of those things are really important to real estate because they create jobs and demand for housing," he said.

"In terms of Ipswich the trend is Ipswich will do a bit better than Brisbane.

"Ipswich city is generally the long term leader on capital growth," he said.

"It's one of the best places to buy for future capital growth."

REIQ Ipswich zone chairman Darren Boettcher agreed the market was beginning to turn.

He predicted growth of 10% in Ipswich property values over the next three years.

"I have found in the last few months there has been a lot more inquiries. It is getting back to a traditional market," he said.

"It is still in the buyers' hands at the moment but it is slowly going into a neutral zone.

"The window of opportunity will start to close in 2013. We will have a neutral market where neither buyers nor sellers have control."

Topics:  darren boettcher house prices real estate



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