Greenwood Village Investing in Ipswich

Greenwood Village Investing in Ipswich

The present economic climate has presented numerous opportunities for the home buyer and together with first home owners grants, stamp duty concessions and reduced interest rates it is a perfect time to buy in the Greenwood Village Heights Eco Estate.

“Ipswich was named by the UN-backed Livcom awards as the world’s most livable mid-sized city.”

(The Sunday Mail - Dec, 2007)

Economic Opportunity

Ipswich City Council are currently planning Ripley Valley, Australia’s largest pre-planned community and is expected to be a vital link in the social, economic and infrastructure future of nearby Ipswich City. As state and local government decentralize to reduce pressure on the CBD, it is also expected that nearby suburbs like Greater Springfield and Ripley Valley will be home to more than 200,000 people and will create 100,000 jobs in the area alone.

The Gold Coast and Sunshine Coast have been well recognized for many years as growth areas. Plans for a steel mill in Ipswich are also looking to create 700 jobs and contribute to $500 million turnover for the Australian economy annually. This is only a small part of the planned economic investment in the area including refineries, steel plants, and power plant proposals totalling over $7 billion. Growth is encouraged by industrial rents in Brisbane which are tipped to rise by 10% in the next 12 months.

Ipswich was named by the UN-backed Livcom awards as the world’s most livable mid-sized city. The population of Ipswich is set to double within the next 20 years.

Greenwood Village Heights Eco Estate is uniquely positioned to capitalize on the abundance of local, state and commercial investment and growth in the surrounding area, particularly Ipswich and Greater Springfield, to deliver investors a positive return for medium or long term investment.

“The population of Ipswich is set to double within the next 20 years.”

(Courier Mail Feb 12, 2008)

Major Economic Development Catalysts

Key infrastructure and major job and economic development catalysts in the Ipswich region include:

  • Ipswich River Heart - integrating and revitalising Ipswich Central with a focus on the Bremer River as the centre and playground of Ipswich Central - involving major public and private investment - Ipswich Central has an ultimate development job carrying capacity of 49000 jobs
  • UQ Ipswich in Ipswich Central - ongoing development of the University of Queensland campus which opened for business in February 1999 - set in idyllic surrounds looking out to the South East Queensland Scenic Rim, UQ Ipswich is already renowned nationally for its futuristic digital technology focus
  • Springfield Land Corporation is the master planner/developer of Australia's largest master planned community at such an advanced stage and will eventually be home to 50,000 people, including Brookwater and Springfield Lakes - Springfield Gateway CBD (incorporating the Mirvac developed 'Orion', designed to be Australia's largest shopping centre), has a job carrying capacity of 20,000 jobs - construction of the first stage of Orion comprising 59,000 m2 gross floor area is underway and will employ 1,500 people when completed
  • University of Southern Queensland in Springfield Gateway CBD - under construction and accepting its first students in February 2006
  • Ripley Valley and Ripley Town Centre - tenders called for master planning assignment
  • Southern Regional Water Pipeline - indicative estimated cost of integration of the southern regional water network is $250m - will secure the future sustainable development of Ipswich, Gold Coast and SEQ, including development of Ripley Valley (110,000 population), Swanbank Enterprise Park and Ebenezer Industrial Park
  • Springfield passenger rail line (included in SEQIPP) - indicative estimated cost $300m - estimated timeframe 2006-2015
  • TransLink sub-regional rail station upgrade program (included in SEQIPP) - indicative estimated cost $25m - estimated timeframe 2005-2015 Ipswich Motorway upgrade (pending Goodna Bypass Investigation) - (included in SEQIPP) - indicative estimated cost $870m - estimated timeframe 2005-2015
  • Logan Motorway/Ipswich Motorway interchange (included in SEQIPP) - indicative estimated cost $160m - estimated timeframe 2005-2009
  • Cunningham Highway to Warrego Highway connection (pending Goodna Bypass and River Road Investigation) - (included in SEQIPP) - indicative estimated cost $70m - estimated timeframe 2005-2015
  • Extension of Centenary Highway - Springfield to Ripley to Yamanto on the Cunningham Highway (included in SEQIPP) - indicative estimated cost $220m - estimated timeframe 2005-2009 - linking people to jobs - 281,000 ultimate development population in the emerging Springfield, Redbank Plains and Ripley Valley areas linked with job capacity areas totaling 126,500 jobs at final development in Carole Park/Synergy Park, Swanbank Enterprise Park, RAAF Base Amberley, Ipswich Aerospace Park at Amberley and Ebenezer Industrial Park
  • Centenary Highway - four lanes Ipswich Motorway to Springfield (included in SEQIPP) - indicative estimated cost $440m - estimated timeframe 2007-2015
  • Cunningham Highway four lanes - Ripley Road to Ebenezer (included in SEQIPP) - indicative estimated cost $90m - estimated timeframe 2009-2015
  • Warrego Highway/Brisbane Valley Interchange (included in SEQIPP) - indicative estimated cost $50m - estimated timeframe 2006-2008
  • Ipswich Hospital redevelopment (2009-2026) and two Health Hubs (2009-2015) (included in SEQIPP) - indicative estimated cost $290m
  • 13 new schools in the western corridor (included in SEQIPP) - indicative estimated cost $315m - estimated timeframe - three in 2005-2009, two in 2010-2015 and eight in 2016-2026
  • Electricity upgrades (included in SEQIPP) - Swanbank substation refurbishment, indicative estimated cost $120m, estimated timeframe 2005-2009 - future bulk distribution (Energex), indicative estimated cost $264m
  • Capral Aluminium ($130m capital expenditure) - Australia's largest aluminium extrusion plant is now operating as a major anchor industry in the Bremer Business Park - economic flow on benefits are very significant
  • Boulder Specialty Steel ($750m capital expenditure) - Swanbank Enterprise Park- 230,000 tonne-a-year steel plant producing specialty products for automotive, aerospace and food processing industries - 750 jobs during construction and 400 jobs in operation by 2007
  • Ipswich Aerospace Park at Amberley - the Queensland Government (Department of State Development and Innovation) has acquired the land and design of the development is underway - involving expansion of various aerospace companies who are currently involved at Amberley - Boeing Australia Ltd (600 existing employees) and other smaller operations including Aerostructures Australia, Rosebank Engineering, Tasman Aviation, VMS International, Honeywell and QANTAS Defence Services
  • $285m redevelopment and expansion of Amberley RAAF Base - Australia's largest operational air force base is becoming Australia's first defence ‘super base' - Amberley will grow substantially to include the new air-to-air refuellers, RAAF's No. 33 support squadron and the Army's 9th Force Battalion heavy-lift capability, involving an additional 780 defence personnel