IPSWICH continues to offer homebuyers strong value compared to Brisbane and the wider South East Queensland market, with demand remaining steady despite recent federal housing tax changes.
QLD Properties selling principal Jamie Martin said buyer activity had remained consistent since the Federal Government announced changes to Capital Gains Tax and negative gearing in the May 12 Federal Budget.
“Ipswich buyers continue to sign contracts, with interest remaining steady for premium homes and vacant land since the budget announcement,” Mr Martin said.
While it was too early to determine whether the changes would significantly alter the local property market, Mr Martin said one trend had already emerged.
“One change we have noticed is an increase in calls from potential sellers wanting to discuss the timing of selling their properties since the budget announcement,” he said.
Mr Martin said quality homes continued to attract strong buyer interest, particularly in growth suburbs including South Ripley, White Rock, Deebing Heights and Springfield, where sales above the $1 million mark were becoming increasingly common.
“Families are still going to need homes and land to build new homes, and Ipswich continues to offer buyers more value compared to Brisbane and the rest of South East Queensland,” he said.
He said smaller residential lots, often less than 300 square metres, were also proving popular with first-home buyers looking to enter the market.
“The peppercorn-sized land lots under 300 square metres have a place in the market, especially for first-home buyers trying to break into the property market,” Mr Martin said.
Investor activity remained strong, although many were taking a closer look at the numbers before making purchasing decisions.
“Investor clients are considering their options,” he said.
Ipswich’s combination of affordability, growth and ongoing demand continued to position the city as one of South East Queensland’s most attractive property markets despite broader policy changes.
