Ipswich property prices have been stagnant for the best part of five years, reports the Queensland Times.
REIQ Ipswich zone chair Darren Boettcher told Queensland Times he believed Ipswich properties were being undervalued by about $50,000.
Local agent Warren Ramsey took predictions a step further: “It’s not unlikely we could see a 20% rise in 12 months,” he said.
The affordability of Ipswich compared to Brisbane, and the amenity of masterplanned communities including Springfield Lakes, Ripley and Augustine Heights were appealing to buyers, according to Ramsey and Boettcher.
So should Brisbane buyers look west for property profits in 2016? An astute investor will research all markets and look for strong underlying demand versus supply.
Sky-rocketing growth can happen in thriving pockets across the greater Brisbane region. Earlier this year we reported that Lutwyche, Yeeronga and Marburg were the top performers for 2015 with growth of around 20%.
But when it comes to sustainable property profits, most experts predict your planning horizon should extend well beyond one year.
