West Quarter – Richlands 2018-10-25T15:18:04+00:00

WEST QUARTER

RICHLANDS

DEVELOPMENT OVERVIEW

Developed by Partners in Property and built by Pointcorp Homes, West Quarter In Richlands consists of 45 architecturally designed house and land packages. Every corner of West Quarter has been thoughtfully crafted and architecturally designed. With the city to the north and golden beaches to the south, West Quarter offers a tranquil life amidst the bustling metropolis of South East Queensland without compromising on greenery and seclusion.

THE POINTCORP HOMES POINTS OF DIFFERENCE

  • Feature entry door
  • 2.59m ceiling heights
  • 40mm stone benchtops
  • 600mm Blanco appliances
  • Free standing bath
  • Fully rendered first level external finish
  • First floor block construction methodology
  • Minimum $4,500 landscaping package per house
  • Custom designed feature letterboxes
  • Custom glazing (sash, larger format panels and or louvers)
  • External architectural facade and materials
  • Property maintenance agreement
  • Window furnishings included
  • Custom designed estates with Pointcorp Homes as the exclusive builder

Step inside and experience spacious interiors designed to capture natural light and make you feel right at home.

Warm tones and high class finishes create a bathroom with ambience which brings a sense of relaxation.

Large, well-appointed kitchens combine to bring the inside and outside together through generous alfresco areas.

Free flowing generous living areas come together to ensure all living areas work seamlessly together.

PARKS AND RECREATION

Richlands benefits from a number of community parks and sporting facilities which cater to a variety of recreational pursuits.
Oxley Creek runs alongside Richlands providing a large natural, green break along the suburb’s eastern boundary. The Oxley Creek corridor is currently undergoing a $100 million transformation to improve its accessibility and preserve its environmental significance.
There are five parks situated throughout Richlands, the largest being the Greenfield Sports Complex Park. The Complex is the focus of sport and recreation in the community offering rugby union, rugby league, cricket and soccer facilities in addition to pony club facilities, a bikeway, an off leash dog park and a community hall.
A number of other sporting facilities and clubs are located within Richlands including the West Brisbane Tennis Centre.

RETAIL

The Richlands community have a wide variety of retail centres to choose from. Richlands Plaza is the primary retail centre for the local community anchored by a large Woolworths supermarket and supported by food and beverage retailers.
The Progress Corner convenience centre, opposite the Richlands Train Station offers a convenience store, hairdresser and range of takeaway food options Including Subway, Domino’s and Hungry Jacks.
Neighbouring Inala Plaza, containing Aldi, Woolworths and more than 60 speciality retailers is located 4 kilometres from Richlands.
Mt Ommaney Shopping Centre is situated 7 kilometres from Richlands home to Kmart, Target, Big W, Coles, Woolworths and Aldi together with 170 retailers, professional service and medical providers.

EMPLOYMENT AND EDUCATION

Richlands is situated within one of Brisbane’s leading industrial locations – the South West Industrial Gateway. Coca-Cola, Myer and Target are some of the largest employers in Richlands each operating distribution centres out of the suburb.
Construction is underway on stage two of the $850 million Metroplex Westgate in neighbouring Wacol. Metroplex Westgate spans 90 hectares is expected to employ up to 10,000 workers on completion.
Future development within Metroplex Westgate will deliver a range of community facilities including 17 hectares of parkland, child care, cafés, convenience retail and a medical centre.
The town of Springfield is situated 13 kilometres from Richlands and is the largest employment base in the south west.

LOCATION

Richlands is situated 16 kilometres from Brisbane’s CBD within the western growth corridor. The suburb is witnessing a wave of new development which is driving population and economic growth. Residents of Richlands enjoy a high level of connectivity with greater South East Queensland and are afforded many opportunities for active lifestyles. Demand for housing within Richlands is strong with a recent wave of new residential townhouse developments have been absorbed rapidly into the market over recent years. Detached houses are becoming a rare commodity with only a handful of new detached homes in the pipeline. Accordingly, the suburb’s detached housing market is performing strongly recording solid lifts in both median price and weekly rents.

SHOPPING & DINING

01 Hotel Richlands
02 Forest Lake Village Shopping Centre
03 Orion Springfield
04 Westfield Garden City
05 Hungry Jacks, Domino’s Pizza, Subway & Caltex
06 Mount Ommaney Shopping Centre

MEDICAL

07 Mater Hospital Springfield
08 Richlands Medical Centre

TRANSPORT

09 Richlands Bus & Train Station
10 Brisbane Airport

EDUCATION

11 The University of Queensland
12 Griffith University, Nathan Campus
13 University of Southern Queensland Springfield
14 St John’s Anglican College
15 St Mark’s School
16 Richlands East State School

17 Forest Lake Primary School
18 Grand Avenue State School
19 Carole Park State School
20 Goodstart Early Learning Forest Lake

LEISURE

21 Forest Lake Parklands
22 Gailes Golf Course
23 Brookwater Golf Course, Restaurant & Bar
24 Robelle Domain, Water Park & Playground

Greater Springfield is already home to over 34,000 residents and Springfield Central is planned to provide employment for 52,000 workers within
a CBD containing more than 2.6 million square metres of commercial, retail, educational, health and technology facilities. With infrastructure for
transport and further construction already in place there’s so much more in store for Springfield development.
Further Springfield development is already underway across the residential, commercial and health care sectors. $12 Billion has already been invested
across the whole of Greater Springfield’s infrastructure and development with an expected $85 Billion upon completion.
The Greater Springfield Town Centre Concept Plan accommodates 22,855 residential dwellings in the CBD.
Springfield Central is surrounded by additional residential development in Brookwater, Springfield Lakes, Spring Mountain, Augustine Heights and
Springfield. With 32,000 already residing here, a total population of 138,000 is expected for Greater Springfield.

RICHLANDS SUBURB PROFILE

Detached houses in Richlands are increasingly becoming a rare commodity with only a handful of new detached homes in the pipeline. Accordingly, the suburb’s detached housing market is performing strongly recording solid lifts in both median price and weekly rents.

POPULATION AND DEMOGRAPHICS
At the time of the last Census the population of Richlands sat at 3,598 having almost doubled since the 2011 Census. Population projections for the area are limited to the greater Richlands-Inala region which shows that the population is expected to grow from its current level of 19,008 to reach almost 39,000 by 2036. This growth in population is anticipated to translate into demand for more than 6,800 new homes.
Residents of Richlands are typically high income earners working in professional and community service roles in the health and building industries. Census data shows that the suburb’s median weekly household and family incomes are at a premium to Queensland.

The area is a popular place to call home for families and couples, which account for 54% and 23% of the population respectively. Lone person households make up a further 16% of households with group /share households accounting for the remaining 7%.
The population is young in comparison to Queensland, with a higher proportion of residents aged between 20 and 40. Consequently the suburb’s median age of 28 is considerably lower than the State’s which sits at 37.
Over recent years the suburb’s dwelling landscape has seen an increase in the number of semidetached/ townhouses. In 2011 there were fewer than 190 semidetached homes within Richlands, representing 28% of all dwellings. By 2016 this number more than tripled to reach 632 (or 59%) of all dwellings.
Accordingly, detached homes have increasingly become a rare commodity with sales data demonstrating solid increases in median price as a consequence. Also consistent with this has been growth in the number of homes containing three bedrooms which has risen from 53% of all dwellings to 69% of all dwellings. Homes containing four or more bedrooms has declined from 40% of all dwellings in 2011 to 25% in 2016.

INFRASTRUCTURE
Richlands is well-supported by quality road and public transport infrastructure. The Ipswich, Centenary and Logan Motorways link at Richlands providing direct access to the CBD, Springfield, the Brisbane Airport, Port of Brisbane and the Gold Coast.
The $400 million upgrade of the Ipswich Motorway from Darra to Rocklea will see the motorway change from 4 to 6 lanes which will significantly improve traffic flow and travel time. The upgrade is jointly funded by the Federal and State Governments with completion due in 2020.
Richlands Station is a major public transport hub serviced by a range of rail and bus routes and parking for 650 cars. The Springfield/ Caboolture, Doomben and Redcliffe Peninsula rail services operate from the station, together with a number of TransLink bus services ensuring residents have a high-level of connectivity with major retail, employment and education nodes. Travel time by train to the CBD is 30 minutes.
Brisbane City Council’s Neighbourhood Plan for the future of Richlands has a focus on the development of a new six-storey retail, commercial and residential precinct adjacent to Richlands Station which will become a central economic hub for the suburb. Council’s plans also include the delivery of new parkland, environmental conservation areas and improvements to supporting local area infrastructure.

RESIDENTIAL MARKET FUNDAMENTALS
Houses within Richlands are tightly held. Over the past five years an average of only 21 houses per annum have sold, representing only 5% of total housing stock. The tightly held nature of houses within the suburb, in the face of a growing population, has seen solid lifts in the median house price over recent years.
Between 2014 and 20182 Richland’s median house price has risen by an average of 5.2% per annum to reach $470,000. In total, the median house price has risen by $90,000 over this time period.
Richlands is a particularly popular address for renters with rental households making up 64% of all dwellings. The suburb’s detached housing market consistently records a rental vacancy rate below 1% pointing to a market in a state of undersupply. This strong demand has underpinned rental growth with the median weekly rent of a three bedroom house growing by $20 per week and a four bedroom house by $25 per week over the past five years. Renters have a preference for detached houses. The rental growth recorded throughout the detached housing market has outperformed the suburb’s townhouse market, which has witnessed a decline of $5 per week in median weekly rent over the past five years.
Gross rental yields throughout the suburb’s housing market are favourable, averaging 4.9% across the past 12 months.

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