Toowoomba Investors Eyeing Off Warwick
Toowoomba investors are starting to turn their eyes towards Warwick as a potential investment opportunity.
With many large projects coming to fruition in 2018, and more than 450 jobs being created, the Southern Downs Council seem to be more open to growth than previous council committees.
2018 Warwick developments include; the John Dee expansion creating 200 jobs, the Rose City Shopping world 40 mil redevelopment, the Bunnings relocation and expansion creating 50 jobs and the new Church of Christ Regency Park retirement village that will provide support and care for more than 160 elderly residents.
Many residents believe that these new jobs will have a flow-on effect meaning that health, education and retail service jobs will all increase. Warwick has for years performed solidly for long-held property investments with a current yield of 5.6%. Annual growth has been the underperformer with an average of 1.4% but considering the future for Warwick, this may be set to change.
Cr Neil Meiklejohn of the Southern Downs Regional Council has said that the developments will provide a “significant uplift” to the community and that they expect an additional 1,500 people to move to the area.
With only a few subdivisions on offer, developers could also profit from this growth of population.
One of Brisbane’s veteran developers Terry Seirlis of UKL has invested in the Warwick region, supplying more than 60 plots titled with quality built homes perfect for the investor or first home buyer. The new Aleva estate is located on the North East side of Warwick and only one hour drive from Toowoomba.
“I have no doubt the region is poised to start booming and with all the new businesses arriving in town and planned existing expansions, there will be people coming to town to fill jobs and they will all need somewhere to live” said Terry Seirlis.
The future is looking bright for Warwick in these early stages of progress and with the support of the local council we may well see some good growth figures over the next few years.
For more information on the Aleva Estate or investment opportunities in Warwick please contact Simone or Rebecca on 07 4642 0007.