Springfield Rise estate: Valley View lots with views of Brisbane CBD, Springfield for sale via auction by Justin Nickerson

A developer has decided to put housing lots in the fastest-growing suburb in the state’s fastest-growing city under the hammer in a Queensland first.

A developer will put five premium home sites under the hammer in a Queensland first amid huge demand for land in the booming corridor between Brisbane and Ipswich and an exploding housing market.

The housing estate lots in the fastest-growing suburb in Queensland’s fastest-growing city will go for sale via auction on Saturday afternoon.

The Springfield Rise estate in Spring Mountain will ultimately be home to 12,000 people and 4000 houses.

About 12,000 people will ultimately live in the Springfield Rise estate.

Developer Landlease will auction off five lots within the ‘Valley View’ section of the development, which range from 641 m2 to 770 m2 in size.

The decision to sell at auction - the first time Landlease has done so in Queensland - comes off the back of 34 lots in the previous land release selling out in just a single day.

The land is already registered and ready for building to start.

Leading Australian auctioneer Justin Nickerson will conduct the sale on site at 4pm.

It is illegal in Queensland for a seller or agent to provide a price guide for a property auction but the lots are expected to sell for significant prices.

According to Australian Bureau of Statistics data, residential property prices rose 5.7 per cent in Brisbane in the June quarter, the largest jump since 2007, and 6.7 per cent across the nation.

Justin Nickerson will conduct the auction on Saturday. Picture: Annette Dew

The lots have views of the Brisbane CBD and on the doorstep of the Ben Nevis Park which is set to open by the end of the year.

More than 350 people moved into Spring Mountain between April and June, which was the most of any suburb in Ipswich, with 123 new houses going up in three months.

“Selling these lots under auction reflects the incredible strength of today’s market and the competition we’re seeing for new land releases,” Lendlease Head of Queensland Communities Ian Murray said.

“These rare city view lots will also be connected to desirable future amenity including new sports ovals, netball and tennis courts and recreation within the wider Springfield community, including the Orion swimming lagoon.”

Mr Nickerson said auctions are becoming more common in Queensland.

“It’s easily the most fair and transparent option for buyers to compete on equal terms and have complete visibility during the bidding process,” he said.

Spring Mountain is the fastest-growing suburb in Ipswich.

“Much like the rest of southeast Queensland, Springfield has experienced limited supply and strong demand from a range of local, interstate and expat buyers.

“Buyers are focused on lifestyle, which Springfield Rise offers due to its close proximity to amenity.

“The opportunity to build a dream home on lots like this is rare in the current market and I have no doubt that these lots will be in high demand with a variety of buyer demographics.”

Planning firm Urbis director Paul Riga said master planned communities were in high-demand from a “wide variety of demographics”.

“The research we’ve done shows that master plans are generally more resilient in volatile cycles and from an investment perspective, since in most cases, they are able to supply their own infrastructure,” he said.

“They have the ability to offer a wider diversity of housing options because they often have a longer time frame of development and multiple stages within that where they can be flexible with their product type and be dynamic.”

Read more stories by Lachlan McIvor here.