Money

Parcel of Ripley Valley on market... for $40m

PROPERTY developers are continuing to eye off vacant lots of land in the Ripley Valley.

A Deebing Heights 114-hectare (282-acre) lot has a $40 million price tag and is attracting interest from interstate and international investors.

The site is within the Ripley Valley Urban Development area, with another two sites of 67ha and 10ha listed for sale nearby.

Development in the Ripley Valley has started, with the first sod turned on Sekisui House in November. In 15 years' time it is expected Ripley Valley will be home to 120,000 in 50,000 houses.

The land is on the market with Townsville Property Centre, with agent Mark McIntyre saying the site is well placed for potential buyers. The site has been touted for subdivision into 2300 residential lots.

"Where it's located, it's got a Stockland development next door and they are usually pretty well placed," he said.

"Once the new owners get DA approval, the site is ready to be developed."

The site has been on the market for months, but Mr McIntyre said its Queensland owners were waiting for the right offer.

"We have had a bit of interest. We have had some enquiries this week from Melbourne."

Last year a 224ha site in White Rock was listed for sale at an asking price of $45m. The land has the potential to generate $30m once subdivided.

PRD Ipswich principal Peter Mendoza said demand would drive the Ipswich real estate market.

"When there have been big developments like Winston Glades in the past that have been attractive, that has helped all over," he said.

"The Ipswich area does well so if they generate interest in the Ripley Valley, it will generate interest in the Ipswich market."

Mr Mendoza said Australia was a good option for overseas investors with interest rates offering a better return than their US counterparts.

Topics:  deebing heights, property, ripley valley




Two Ipswich women charged over Adelaide murder

A photo of Robert Whitwell, released by South Australia Police.

South Australia to seek extradition

Men in custody after police swarm house, find missing baby

Police believe the baby girl may be with a 16-year-old and 19-year-old in a green 1995 Mazda 121 with Queensland registration 045GOS, and could be heading to Toowoomba.

The two men and baby girl could be heading to Toowoomba

Latest deals and offers

Tom Hiddleston's Instagram account hacked

Actor Tom Hiddleston

Thor star the latest celebrity targetted by hackers

Charlize Theron's son dresses up as Frozen character

Actor Charlize Theron

Star's son spotted dressed a beloved Frozen character

BOOKS: Food for thought in Caroline Beecham's latest novel

Maggie's Kitchen by Caroline Beecham is published by Allen & Unwin, RRP $29.99.

New novel reminds readers that bravery exists in many forms

TELEVISION: New show is a Survivor, for now

Jonathan LaPaglia hosts the TV series Australian Survivor.

WHAT happens when a new show with a big budget flops?

Rachel Weisz understands celebrity gossip fascination

Actor Rachel Weisz

Weisz says mystery is good for an actor

Gina Rodriguez relished dramatic change for new film

Jane the Virgin lead Gina Rodriguez

TV star shaved her hair for movie role

REVEALED: Pat Rafter's $18m Coast house on the market

Check out the photos of the Coast's most expensive property for sale

The "correction we had to have" in Gladstone's rentals

UPWARD MARCH: The rental vacancy rate in Gladstone has improved for the first time in more than a year, providing a confidence boost in the market.

Vacancy rates improve with signs that things are getting betterF

ISLAND FOR SALE: Cheap Fraser Coast island drops price again

Suna Island in the Great Sandy Strait will be auctioned by Ray White Hervey Bay on Saturday morning.

This is the cheapest island you will find for sale in Australia

How a family home can fit on a 250sq m block

This is what you can build on 250m2.

Here's the floor plan of a home built on 250sq m

$100m plan for Curtis Island 'world class' luxury resort

$100 million resort: Top views at Turtle Street at Curtis Island.

"At the moment we think it meets all the town planning approvals.”

Noosa mayor on "red alert" over planning court decision

Mayor Tony Wellington hands down his first budget.

Mayor upset at lack of say about look and feel of Noosa