To recap what is ‘5 Ws and How’ Model, I have done an executive summary of applying the model to a case study of a new townhouses estate in the City of Ipswich – a local government area in Queensland for your perusal.
Where
The City of Ipswich is a local government area in Queensland, Australia, located in the southwest of the Brisbane metropolitan area. Why looking to invest into this Ipswich City? I will explain later in the ‘Location analysis’ sections.
Where is the location of our case study of townhouses estate? This estate is called Palm Views and they are located at 85 Thornton Street, Raceview, Queensland 4305.
Location analysis #1
This area is one of Queensland’s oldest provincial cities. In other words, you are investing in a matured area where there are people living and working there, students going to primary and secondary schools and universities, infrastructure is there and well connected to Brisbane CBD and Gold Coast.
Location analysis #2
Business attraction and investment such as:
A) Ipswich CBD redevelopment
[] $150m Ipswich Mall redevelopment project.
[] A new Council administration building, a new library, an open space hosting major public events, markets, artisans and food experiences will revitalise the city’s heart.
B) Defence
[] Royal Australian Air Force (RAAF Amberley) – Australia’s largest military base employs over 6,000 people and contributes over $300m annually to the Ipswich economy, a figure expected to grow to over half a billion dollars by 2020.
C) Services sector
[] Health: $64m in private investment is funding the construction of new facilities at St Andrews Hospital in the Ipswich health precinct, which will in turn attract new specialists and new healthcare professionals to the city.
[] Education: Ipswich has two campuses of a world-class university, quality private and public schools as well as a strong vocational education sector. Education is an export industry, but the city’s comparative advantage is a knowledge-intensive workforce focused on its key industries.
D) Citiswich Business Park
[] A premium industrial estate located in the logistics hub of Brisbane’s south-western corridor.
[] The 350ha estate is Queensland’s largest industrial development,
providing affordable, well-connected industrial land catering for a wide range
of industries including logistics, manufacturing, warehousing and distribution,
construction and wholesale retail companies.
Who
Who are the possible types of tenants your property can attract to? I will personally say those who want to come to this beautiful place to live where you know your neighbours, the kids are outside riding bikes and your work life balance is perfect.
According to Mayor Teresa Harding, “The City of Ipswich is the fastest-growing local government area in Queensland with around 24 people moving to our city every day. By 2041, this will mean more than 336,000 new residents will call Ipswich home.” (Darrell Giles, 9 Oct 2020)
What
Description of the townhouses in Palm Views estate
182 Brand New Townhouses
·
Spacious 4 bedroom, 2.5 bath and 2
car spaces
·
Tiled throughout the kitchen,
living, dining, bathroom and powder room.
·
Contemporary kitchen design with
floor tiles, stone benches all in a high quality finish.
·
Quality European stainless steel
kitchen appliances including dishwasher
·
Fully Fenced and landscaped private
courtyard
·
Gated and Monitored estate security
system
·
1 x intercom to control security
gate for your convenience
·
Pool and BBQ Facilities
·
Front door security and fly screens
· Electric remote controlled garage door
When
Palm Views estate is selling the townhouses in stages. Stage 1 and 2 are almost sold out. Now, they are releasing new lots in stage 3.
Why
Look at the investment potential of the subject property located in the City of Ipswich, that is, development plans from that local government or council. This is critical as it will unlock your asset value when all the deliverables mapped out by the local government or council are been fulfilled. Imagine this, if MRT line is been completed near your home, what is the appreciation value your property will fetch.
How
How to get started to purchase and invest in freehold townhouses? Though it may look simple to some people, but, the whole process of soliciting, negotiating, signing sales contract, construction updates, settlement matters, inspection, finding tenants, collecting rent and managing tenants is not as easy as it seems, especially if the purchaser has a full time commitment or first time looking into investing in Australian properties.
2 things you can ask – one, do you want to do-it-yourself in the whole process of investing in Australian real estate market, or two, let the many years’ experience marketing agent to hand held you for a while (without paying any commission) to learn as much as possible before you learn to do it by yourself.
Which option do you prefer?
Implication
Buy at a fair value, sell it to what the locals will buy from you with high potential rentability – is the game plan. If the location is no good, who do you think which party will suffer? Property developer, will you agree?
Apply Now
ü Leverage the price point that Palm Views (freehold townhouses) offers today to you as a first mover.
ü Leverage on the population growth where supply of dwellings much match to the demand of with around 24 people moving to the Ipswich city every day.
ü Leverage on what the
local government of City of Ipswich has planned to boost jobs, growth and
investment in Ipswich.
Call Simon Yeo 8100 3386 now
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