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Forest Lakes Brisbane:
PROJECT SUMMARY

Is this your next investment?  Reasonably priced 2 & 3 bedroom townhomes! Wonderfully placed, bordering Ipswich and Brisbane.  If you would like to see if you are able to purchase please contact us for a consultation today.  

10 Point Criteria Checklist

  1. Growth – Capital Growth Rate – 6.04%
  2. People – Latest population figure 22,923
  3. Tenants – Residential Vacancy Rate – 1.60%
  4. Price – Median Property Price – $275,000
  5. Profit – Rental Yield – 5.20%
  6. Location
    • Brisbane cbd 24km
    • Grand Avenue State School 1.2km
    • Forest Lake State High School 2.9km
    • St. John’s Anglican College 3.3km
    • Forest Lake Village Shopping Centre 2.4km
    • Springfield CBD 12km
    • Wolston Park Golf Club 6.7km
    • Employment at Swanbank Enterprise Park, Citiswich Business Park, Amberley RAAF Base, Ipswich
    • Train Station planned for Ellen Grove
  7. Client – Tax Effectiveness – High
  8. Re Sale – Widely appealing neutral internal and exterior design
  9. Demographic – Area has 67% owner occupiers
  10. Value – Independent valuation

Quick Summary

THE PROPERTY – 3 BED TOWNHOMES

Number of Townhomes – 193 over 15 stages
Parking – 2 per Townhome
Rental Estimate – $350 – $370/week (approx)
Body Corporate – $1,987.72/annum
Commencement – 1ST Q 2016
Completion – TBA
Levels – 2 Level Townhomes
Internal Size – 132M2 – 135M2
External Size – 30M2 – 76M2
Air-conditioning – Split system in Living & Master BD
Security – Privacy Fencing, Remote Control Roll-a-Doors
Display Suite – Developer Past Project Available
Council – Brisbane City Council

IPSWICH RESEARCH

Ellen Grove is part of Brisbane Council, however, it borders Ipswich and so we have concentrated our research on the economy that will have the most effect on the suburb.

ECONOMY 

Current statistics predict that by 2026, the Ipswich economy will be $12.7 billion, a growth of 159.2% since 2008 (Tempo Living 2016).

RESIDENTIAL POPULATION 

193,015. The projected population of Ipswich is expected to top 435,000 by the year 2031 (Queensland Government 2009) Ipswich has one of the fastest growing populations in Australia, increasing by 700% in the last decade (McCauley 2016). The Queensland Government has earmarked Ipswich and its surrounding suburbs as a major growth corridor.

GROSS REGIONAL PRODUCT 

Ipswich produces a Gross Regional Product (GRP) of $7.95 billion, 2.7% of the state’s Gross State Product (Economy.ID 2016).

INDUSTRY 

The city’s key industries include manufacturing, health care and social assistance, retail trade, public administration and safety, construction, and education and training. In 2014/15, Ipswich contributed 6% of Queensland’s employment and 5.5% of its value add (Economy. ID 2016).

INFRATRUCTURE INITIATIVES 

A vast array of new roads, transport links and accessible residential communities are opening an important chapter in the development of Queensland’s fastest growing city. These infrastructure initiatives are a catalyst for job creation and commercial development, and will add value to property in the surrounding areas (Ipswich City Council 2016).

EXPANSION PROJECTS 

$50 million expansion of the University of Southern Queensland, $70 million headquarters for GE, $80 million Mater Hospital, $100 million Brookwater Resort and plans to further extend the Orion shopping centre (Pressley 2016).

MAJOR PROJECTS  

Aveo has recently announced Springfield as the location for their new $1 billion retirement village, bringing with it 5,400 jobs over the next 20 years of construction and a further 580 permanent jobs once the development is complete (Howarth 2016).

The hotly anticipated $200 million upgrade to the Ipswich Motorway will greatly reduce congestion and improve the road’s flood immunity (Jacques 2016). The motorway caters to more than 85,000 motorists, including 12,000 trucks, daily.

The RAAF Amberley base, the largest operational base in the country, is a large employer in the Ipswich area and an anchor tenant for a potential aeronautical precinct. The $1 billion base expansion will provide increased air power capability and generate 3,500 civilian jobs (Gould 2016).

By the end of 2016, a workforce of 1,500 contractor staff will be working on infrastructure projects at the air base (Lifestyle 2016). The ten projects will be delivered over the next four years.