Greater Springfield, in Western Brisbane, is on track to become employment and economic centre of Western Brisbane super-region, with many investors and experts continuing to list the super region as being home to some of the best areas to invest in.
Recent analysis by urban growth consultants, RPS Australia, shows the beating heart of Brisbane’s ever-growing city, Greater Springfield, will be quicker and closer for the residents of 21 existing and new suburbs, beating out current alternatives Brisbane, Ipswich and Browns Plains.
The evidence is stacking up, with Springfield Central and surrounding suburbs on track to become the economic engine for a much wider area. This has been stated by Springfield City Group Executive General Manager, Richard Eden.
The area’s current population, stretching along three corridors from Oxley in the West to Ripley Valley, and then South to Greenbank, is set to rise from 94,000 to 350,000 within two decades. This builds a case for many suburbs in the region to be considered as some of the best areas in which to invest.
Dr Eden stated, “A need for 52,000 extra jobs are to be created” in the area as residents start to look to Greater Springfield as the beating heart of the fledgling region.
Whilst the numbers have been a little startling, the growth and positioning of Springfield is all in line with the vision of founders Maha Sinnathamby and Bob Sharpless, who are pushing to create a self sustaining city.
Springfield Central looks to eclipse similar pop up cities in the area such as Yarrabilba and North Lakes with a CBD set to be double the size of Brisbane’s upon completion.
“A need for 52,000 extra jobs are to be created” in the area.
Springfield’s role as a new go-to hub in the fast-growing corridor is also set to save billions in infrastructure through the relief of pressure from commuters otherwise heading into surrounding city centres.
Greater Springfield on track
The need for 52,000 extra jobs
Current population to rise from 94,000 to 350,000
Projected growth of 6 % per annum
With a projected Growth of 6 percent per annum, Greater Springfield’s current population is pinned to grow three times faster than South East Queensland overall. The area is already making a name for itself as a city ready for the future and many a shrewd investor are looking to take advantage of what are likely to be some of the best areas to invest in in Greater Brisbane and arguably Australia.
Read more about Brisbane’s best property investment hotspots for 2020 in our full suburb profile: Check it out here