- The 77-hectare site is zoned for residential
- Will include 1,100 homes, primary school and community facilities
- Project is expected to start after settlement in 2024
Diversified property group and developer Stockland has announced the acquisition of a 77-hectare residential development site in South Ripley as the housing market continues to boom in Queensland.
944-1024 Ripley Road is building on Stockland’s presence in Ipswich, and is currently zoned for residential use and is near the master planned Providence community in the Ripley Valley Priority Development Area.
The new site will deliver around 1,100 homes, a primary school and community facilities.
Andrew Whitson, Stockland CEO of Communities, said the team were excited about increasing their residential footprint with zoned land and building upon the nearby Providence community.
“The acquisition follows more recent consolidations at Providence and aligns with our strategy to restock our masterplanned community pipeline with market-ready projects on capital efficient terms, in well-connected corridors close to transport, schools, jobs and infrastructure,” he said.
“South East Queensland remains significantly under supplied, and we expect the new community will be highly sought after by homebuyers who value quality masterplanned communities in attractive settings with community facilities and infrastructure on their doorstep.”
Andrew Whitson, Stockland CEO
David Laner, Stockland’s General Manager of Queensland Communities, noted that Stockland has around $3.6 billion invested across the Sunshine State, with masterplanned communtiies from Townsville to the Gold Coast.
This includes Aura, which is the largest masterplanned community under development in Australia.
“Future residents in South Ripley will benefit from a wide range of current and planned features at Stockland Providence, including the Providence Town Centre, the highly acclaimed Splash & Play facilities, District sporting and recreational grounds, schools and childcare, and a Satellite hospital,” he said.
“A diverse range of housing is proposed for the elevated site, which will offer future residents long views and the opportunity to build their dream home.”
Planning will now progress for future development. Subject to approvals, the project is intended to start after site settlement in 2024.
