Ipswich in top 50 locations to buy property: Report
IPSWICH has been listed among the top 50 Australian locations in which to buy property for capital growth in 2013 in a survey of industry experts.
Smart Property Investment found Ipswich fitted into several categories, a fact which pointed to good returns on investment. The categories included population growth and demand for housing.
REIQ Ipswich Zone chairman Darren Boettcher said affordability was another reason why Ipswich was a popular option.
"Ipswich is in the hub of the southeast corner," he said.
"If you look at Sydney, it is all built out and Melbourne is spread way out to the outskirts.
"It's only been the last 25 years that the gap between Brisbane and Ipswich has begun to be built up. That's why it's so central to everything in southeast Queensland."
It's only been the last 25 years that the gap between Brisbane and Ipswich has begun to be built up. That's why it's so central to everything in southeast Queensland.
Mr Boettcher said Ipswich should remain a prosperous place in which to invest for years to come. "I think it will," he said. "There is a lot of land available in Ipswich and there is a slow rise in prices but the population is rising every year."
Smart Property Investment editor Phillip Tarrant said the Fast 50 report provided investors with a valuable snapshot of which locations presented the best investment prospects.
"This is a challenging market right now and if you're looking to make a fast buck without doing your research, there's a good chance you'll get your fingers burnt," he said.
"That said, this report demonstrates that there are still lucrative opportunities out there for investors who are looking for solid capital growth potential - regardless of the broader market conditions."
Mr Tarrant said the report highlighted the growing significance of housing affordability and reinforced the investment opportunities outside capital city markets.
"Capital city markets have long been considered a safe and sensible investment option.
"However, a growing number of investors are turning to outer suburban markets because of their lower buy-in costs and tight vacancy rates."
However, a growing number of investors are turning to outer suburban markets because of their lower buy-in costs and tight vacancy rates.
Seventeen of the 50 suburbs selected were in Queensland, and they included Bundaberg and Mt Isa and several Brisbane suburbs.