Ipswich is an urban centre in south-east Queensland, Australia. Situated on the Bremer River, it is approximately 40 kilometres west of the Brisbane CBD. The City of Ipswich has an estimated population of 185,000. Ipswich is one of Queensland’s fastest growing cities and is forecast to almost triple in population in the coming 20 years. Refer SEQ Regional Council Map (PDF).
Once a large city of its own, today it has become subsumed into the Brisbane metropolitan area due to urban sprawl and is a part of Brisbane for statistical purposes. It is a major commercial and industrial area that is currently undergoing major transit-oriented urban renewal, which was first planned in the Ipswich Regional Centre Strategy.
The Ipswich 2031 & Beyond Plan details the city’s plan for managing the anticipated surge in population growth within the area. According to the latest data, Ipswich’s rapid growth is likely to see more than 207,000 new jobs created over the coming 20 years. This workforce expansion is expected to result in the Ipswich CBD worker population rise from the current 10,200 workers to almost 50,000.
Across the Western Growth corridor and within Ipswich City there is currently around $107 billion of infrastructure commitments across varying stages of development.
- The Royal Australian Air Force (RAAF) Base at Amberley is the largest base in Australia and is currently undergoing a significant expansion of around $1 billion over the period to 2020. There are four major infrastructure developments currently underway that will boost the base population from under 6k to 7k by 2020.
- The Ipswich Aerospace Park has recently acquired land in Amberley and design is underway which will see the operational expansion of various aerospace companies including Boeing Australia Pty Ltd, Aero structures Australia, Rosebank Engineering, Tasman Aviation, MS International, Honeywell and QANTAS Defence Services.
- The industrial foundation of the region is rapidly expanding with both the 500 hectare Swanbank Enterprise Park and the 350 hectare Citiswitch Business Park operational and continuing to undergo development and expansion. These industrial and business Parks have been a major contributor to employment and economic development throughout Ipswich and greater South East Queensland which is anticipated to continue over the long term. Major tenants that have established themselves in the Parks include a 10,000m Masters Home Improvement Store, Australian Pharmaceutical Industries, Hoepners Transport, CS Energy, Thiess, Veolia, Energex and Powerlink.
- The $350 million Redbank Plains Motorway Estate is a key generator of new jobs within the local area. Delivery giant TNT Express is currently developing an $85 million regional headquarters within the Park, joining other major organisations including DB Schenker. Ultimately, the Estate is expected to provide up to 2,300 new jobs.
- Plans are underway for Ipswich to contain the largest gas-fired power station in Australia and two new gas-fired power stations.
Queensland government broad hectare land profile (pdf) showing the location of larger land parcels (minimum 2,500 m²) to house future population, broken down into: higher density (over 20 dwellings/ha); urban residential (between 3 and 20 dw/ha); & rural residential (up to 3 dw/ha), and the timeframe for development.
Matusik-Ipswich-May 2018 (PDF) – Extract: “In summary, Ipswich is going through a period of intense urbanisation; is in the late recovery phase of the property cycle; is growing faster than projected and is struggling to keep with this demand. When someone asks me about Ipswich’s future I reply “Think Big: Think Parramatta”. To me, Ipswich resembles Parramatta of about 15 to 20 years ago. Ipswich is set to experience substantial urban growth in coming decades. For mine Ipswich will become, just like Parramatta is in Sydney, Brisbane’s second CBD.” Matusik Missive by independent property analyst, Michael Matusik. Every week Michael shares his thoughts on the Australian housing market. Visit www.matusik.com.au to find out more.
Ipswich Regional Profile (PDF)
More information on Ipswich region (link).
Here is information on Brisbane dwelling prices (link).
Here is information on Qld economic performance provided by CommSec (PDF) National & International economic indicators related to property
Review national and international economic indicators related to property,
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