South East Queensland

The SEQ market continues to remain at subdued levels, however there has been a rise in sales volumes based on improving fundamentals. Population growth remains strong at over 88,000 for the 12 months to March 2019 – an increase of 1.8%. There have been significant commitments to infrastructure projects at both a state and federal level, with a slight increase in the unemployment rate of 0.1% to 6.5% the only negative indicator. 

The Research4 National Land Survey for the September quarter 2019 shows lot sales in the SEQ market improved significantly over the previous quarter, with a 34% increase to 716 per month. This is still well behind the sales of over 900 lots per month experienced during the peaks of during 2018, however it indicates sales are coming into line with expectations. The median lot price fell by 0.7% to $268,000.

(Source: Research4)

The Ipswich City Council welcomed the Queensland Government’s plans to build more roads in the Ripley area, which will benefit Satterley’s Ripley Valley Estate. The state government has signed an infrastructure agreement which will see an additional $7 million committed to construct more roads and bridges in the Ripley Valley Priority Development Area. The Minister for State Development, Manufacturing, Infrastructure and Planning, Cameron Dick, said the Binnies Road West Catalyst Infrastructure Agreement will connect Queenslanders with affordable housing and employment opportunities.

The commitment to roads is in addition to the $50 million Ripley Valley State Primary College and the $70 million Ripley Valley State Secondary College which are both currently under construction and due to open in 2020.