‍Navigating the Housing Landscape

Over the past 12-24 months, housing supply in Australia has become a critical concern for investors. As we witnessed an unprecedented surge in demand nationwide, it became evident that the supply side was struggling to keep pace. With Australia's population growing by over half a million in the last year alone (1), Brisbane emerged as the top-performing state in 2023, experiencing remarkable growth in both population and housing prices (1).

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The increase in population and housing price growth, can be largely attributed to the substantial interstate migration. Despite a 23% surge in house prices and a 12% rise in unit prices, the state remains a more affordable option compared to Melbourne and Sydney. Addressing the growing demand, the Queensland Government aims to deliver 900,000 new homes and create 1 million jobs in the South East Queensland (SEQ) region by 2043.

In response to the national housing supply challenge, the Queensland Government unveiled ShapingSEQ in December 2023. This strategic plan underscores the urgency to increase affordable housing while preserving the region's unique lifestyle. As the housing landscape evolves, SEQ witnesses a shift from traditional large blocks to contemporary townhouse and apartment developments. With many developers, such as Azure creating incredible spaces for a more consolidated living style.

A South East Queensland Developer and leader in high-quality luxury builds, prioritises community living and enhances the way people experience their surroundings. Having delivered 20 residential projects in Brisbane since 2014, Azure's commitment extends beyond design to ongoing maintenance and top-notch concierge services.

Azure's integrated team manages property management for all their developments, ensuring a seamless experience for investors and remarkable rental yields. Past projects boast an average of less than 2 weeks on the market for advertised rentals and 0% vacancy. Azure's developments are in high demand, typically selling out within weeks of release. Remarkably, resales on past projects showcase an impressive price uplift ranging between 25-40%.

GREENROCK is excited to present to you Dahlia, our South East Queensland Developers latest project Dahlia is an exclusive development featuring only 129 townhouses. With the project release just around the corner, GREENROCK is thrilled to present this unparalleled opportunity to our esteemed clients and potential buyers. The allure of Dahlia is set to spark an unprecedented demand, given its limited availability.

Nestled in the ideal locale of Flinders View, within the Ipswich Local Government Area(LGA), Dahlia stands as a strategic investment decision. The Ipswich region, currently the fastest-growing LGA in Queensland, positions Dahlia at the forefront of a thriving market. Notably, the investment pipeline for Ipswich has surged by an impressive 82% since 2016, reinforcing the region's economic vitality.

With price points commencing at $580,000, and rental estimates sitting around $620 per week, Dahlia emerges as the perfect venture for first-time investors or those looking to expand their investment portfolio into the vibrant Southeast Queensland.

To find out more, we invite you to connect with Chloe using the contact details below. Alternatively, seize the opportunity to schedule a one-on-one consultation with a senior strategist by utilising the Calendly link provided.

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https://calendly.com/joe-koc/client-review-w-joe

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References

(1) Fastest-Growing Cities in Australia 2023 (propertyupdate.com.au)

(2) SEQ must be ready to house 2.2m more people by 2046 - Smart Property Investment

(3) ShapingSEQ 2023 | Planning (statedevelopment.qld.gov.au)

(4) Hotspotting report – City of Brisbane: Inner North Brisbane 15/11/2023

(5) https://www.brisbanetimes.com.au/national/queensland/how-the-housing-crisis-will-reshape-seq-s-new-and-old-suburbs-20230901-p5e192.html

(6) Hotspotting Report – City of Ipswitch: Ipswich CD 13.12.23

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