Empty shops equal 'Opportunity'
A LOCAL valuer who has been in Ipswich since the 1990s says that now is the perfect time for investors to consider moving to the fastest growing city in the nation.
Savas Varitimos believes that Ipswich has changed to the point where it is set to boom, and thinks the city ticks so many more boxes for people looking to run a business or set up in a new home.
"The two keys when looking at a location are convenience and affordability," Mr Varitimos said. "Ipswich is so underestimated with regards to these two factors. You don't need to go to Brisbane for a good school, and we need people in the rest of the state to get over any reluctance to come to Ipswich.
"Those of us who live here know how good it is."
Mr Varitimos values properties, and has done so for more than 25 years.
He believes that the market will always dictate the value of a property, and looks at many factors when seeing if a home or commercial building is worth what it should be.
The role of a valuer is to look at recorded evidence.
He'll look at the size, condition, land, location, aspect, the number of rooms and so on. He'll then look at sales in the area and draw comparisons.
This is what makes Ipswich such a good spot.
"Just like people in Melbourne talk about Geelong, and people in Sydney talk about Parramatta, Ipswich has had a bad perception for a long time," he said.
The recent announcement of the redevelopment of the Ipswich Mall including a new library and the moving of the council building will see short term pain, but a long term gain for the Ipswich CBD. It's a pain that Savas thinks has to be endured for a long term goal that will create opportunity.
"We're seeing the evolution of a city, and attracting restaurants, cafes and investment into the Ipswich business community," he said.
"There are lots of developers in the area, lots of quality schools, plus Riverlink and Orion have gone ahead in leaps and bounds. We all need to work hard, together, to change the perception of Ipswich. It's funny how many I meet who are critical of Ipswich and haven't been here for years."