A strategic residential site in Ipswich, to be sold on behalf of the Queensland government, is expected to attract strong interest as buyers looking for better value continue to home in on the booming Queensland region.
Ray White Special Projects (Queensland) are the exclusive agents for the 3.25ha site at 197A Pine Mountain Road, Brassall, which is 6km from the Ipswich CBD.
Agent Andrew Burke, who managing the expression-of-interest campaign with colleague Matthew Fritzsche, said the vacant site offers the potential for residential subdivision and other options, subject to council approval.
In 2017, house prices in Ipswich jumped 6.3 per cent in only three months in a result considered extraordinary as most other regions in the state recorded falls.
The region also enjoyed a population increase of 4.59 per cent — or more than 8600 people.
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Burke says development activity in the area is expected to lead to more employment opportunities, draw more people to the region and create greater demand for residential property.
“According to the City of Ipswich, more than 21,000sq m of new non-residential floor space was approved in the September quarter of 2017, which is enough to create jobs for an estimated 544 new employees,” he says.
“Buyers are realising just how much the region has so much to offer — Brisbane is only 41km away, the schools and amenities are great and houses are actually affordable.
“The mix of new residential developments and established housing around Ipswich offers residents a community with both modern convenience and community character.”
Fritzsche says the property is close to Riverlink Shopping Centre, a key shopping, dining and entertainment destination for the region, as well as Brassall State School and Ipswich State High School.
“The subject site 600m from the Warrego Highway, which provides connectivity to the Brisbane CBD and westwards to Toowoomba,” he says.
“The property has frontage to Pine Mountain Road, a sealed bitumen road and all utilities are available to the property. It is predominately zoned Residential Low Density (Sub area 2).”
Expressions of interest close on Tuesday, 27 March 2018 at 4pm .
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