Greater Springfield

Greater Springfield

Posted on December 18, 2018 by Mirren Property Investment

Do you want to invest in the next property hotspot – ‘Greater Springfield’?

South East Queensland is predicted to be the new investment property hotspot, and it seems like Greater Springfield – a privately developed city within a city – will be its crowning jewel. This residential super region, west of Brisbane, will be the epicentre for employment opportunities and economic growth.

Founders and owners of Springfield, developers Maha Sinnathamby and Bob Sharpless, had a vision to not just have Springfield as a dormitory community but a self-sustaining city. This vision is coming to realisation with the privately developed CBD.

“We will be the economic engine for a much wider area,” Springfield City Group executive general manager Richard Eden said.

Upon completion, Springfield’s Central CBD will be twice as big as Brisbane’s CBD, “You don’t get that in communities like North Lakes or Yarrabilba. It will be a huge contributor to the state’s economy,” Mr Eden said.

“They will look towards us as the epicentre of that western corridor,” Mr Eden said. “We have to create 52,000 jobs.” With new employment opportunities on the rise, Springfield will be a major hub for residential and commercial growth, hence a good prospect for residential investment property.

The business prospects in Springfield look bright as well. Buildings like Springfield Tower, coined as the ‘tower-of-power’ by Courier mail make Springfield even stronger as Brisbane’s alternative business district. Springfield Tower, acquired by Maha Sinnathamby, is ‘a beacon to business’.

Good healthcare facilities and education campuses – like University of Southern Queensland, TAFE and 11 private and public schools established, five of which offer programs from prep to year 12 – all contribute towards the population surge that makes Springfield ripe for residential investment property.

An investment of $1.2 billion by Federal and State Governments has been made for rail and transport. Urban Growth Consultants, RPS Australia, found that for commute and travel from the 21 to 24 existing and new suburbs, Greater Springfield will be even quicker to reach than Brisbane, Ipswich or Brown Plains.

A mix of residential products to suit a range of budgets and lifestyles are being developed in Greater Springfield. These coupled with the massive employment prospects, economic growth and faster commutes point in the direction of steady population rise and inter-state migration. All these factors collectively contribute to the positive investment property prospects in Greater Springfield, the emerging new city.

“We have been keeping our attention on Springfield and its surrounding suburbs for quite a while. The indications show a very similar history with Norwest Business Park and the Hills districts of Sydney. I think it ticks all the boxes for an investment property”, says our investment property expert, Rene Marzinger of Mirren Investment Properties.

Call Mirren today to discuss this amazing opportunity to invest in Queensland’s next hot spot!

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