News Corp Australia  10 SEP 2018

BRISBANE’S median house price has hit a new high, with market growth up 30 per cent in the past five years.

The latest Real Estate Institute of Queensland Market Monitor, to be released today, reveals Brisbane’s median house price increased 2.5 per cent in the past year to hit a record-breaking $673,000.

House prices in the Greater Brisbane market, which includes Brisbane, Ipswich, Logan, Moreton Bay and Redland, rose 2.8 per cent in the past year and 1 per cent in the June quarter to $524,000.

Posted by Brenton Waters | Sep 3, 2018

Construction of the largest parcel facility and delivery centre in the southern hemisphere is under way in Ipswich. The $200 million Australia Post facility, which will cover an area equivalent to almost 10 football fields, is being built at Goodman’s Redbank Motorway Estate. It means jobs for Ipswich with 500 people to be based at the new facility which will be able to process up to 700,000 parcels per day, making it Australia Post’s key delivery hub and parcel processing hub in Queensland.

“We chose Redbank because it’s strategically located between Brisbane and Ipswich and sits at the edge of three major motorway interchanges, providing multiple access points to arterial routes.”

New research from property data firm CoreLogic has indicated that Brisbane is leading the nation on most property performance indicators.

Posted by Darrell Giles | Jun 4, 2018

Ipswich’s population has cracked the 210,000 mark.

Council’s Planning and Development Quarterly Activity Report for January-March 2018 confirms the city’s growth rate of almost 4 per cent annually.

Recent ABS figures revealed Ipswich as one of the fastest growing cities in Queensland and in the top 10 nationwide.

Planning, Development and Heritage Committee Chairman Cr David Morrison said as of 31 March, the population had increased to 210,205.

Singapore-based Broadway Malyan will design a 52-hectare “health city” in expanding Springfield, pegged to have a total end value of $6 billion if the development plan is fully realised.

The site, already home to the Mater Hospital and Aveo seniors’ accommodation, will be fully integrated with the masterplan encompassing education and research facilities, a 2500 apartment aged care facility, business facilities along with residential and retail offerings across the 52- hectare site.

A key feature of the project includes a Living Lab, which the urban planners say will act as a testbed for new technology related to smart living and healthcare.

Springfield founder and property mogul Maha Sinnathamby purchased the 7000 acre parcel of land no developer wanted to touch in 1992. Three decades later, Greater Springfield has transitioned from a completely undeveloped site to a residential population of 36,000 with estimates 150,000 will call Springfield home come 2035.