Newspaper article The Queensland Times (Ipswich, Australia)

City Still Hot Property; Bursting Bubble in Southern Markets Won't Halt Ipswich Growth

Newspaper article The Queensland Times (Ipswich, Australia)

City Still Hot Property; Bursting Bubble in Southern Markets Won't Halt Ipswich Growth

Article excerpt

Byline: Helen Spelitis helen.spelitis@qt.com.au

THE property sector is all doom and gloom as the market prepares for the price-driving bubble to burst but anyone who owns property in Ipswich shouldn't panic, with interest rates presenting the only possible stumbling block.

Ipswich real estate agents agree market forces impacting Sydney and Melbourne won't hit regional centres like Ipswich, where prices have been steadily climbing since 2014.

Instead Ipswich's comparatively cheap market will likely continue to grow as more people move out of Brisbane and into growth suburbs like Redbank Plains and Ripley.

Foreign investment is a major driver in capital city markets with overseas investors snapping up properties, pushing up demand along with prices. Australia's Foreign Investment Review Board last week reported a significant drop in foreign residential real estate approvals - a signal the boom has ended.

Historically low interest rates are tipped to increase after no movement for two years. …

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