Forest Lakes Brisbane:
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
- Growth – Capital Growth Rate – 6.04%
- People – Latest population figure 22,923
- Tenants – Residential Vacancy Rate – 1.60%
- Price – Median Property Price – $275,000
- Profit – Rental Yield – 5.20%
- 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
- Client – Tax Effectiveness – High
- Re Sale – Widely appealing neutral internal and exterior design
- Demographic – Area has 67% owner occupiers
- Value – Independent valuation
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
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.
Current statistics predict that by 2026, the Ipswich economy will be $12.7 billion, a growth of 159.2% since 2008 (Tempo Living 2016).
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).
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).
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).
$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).