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



Concert death toll revised up to 22, tour suspended

There have been multiple confirmed deaths after 'explosions' heard at Ariana Grande concert in Manchester

"We saw blood on people when we got outside."

Plenty of likes for 'Sliding Home'

'Sliding Home'

Here is this week's Facebook cover image as chosen by you.

Bikie killer sentenced for bashing child sex offender

Shane Michael Oulds, faced Rockhampton District Court charged with grievous bodily harm over an assault at the Capricornia Correctional Centre last year.

In a vigilante move, this murderer committed a 'violent attack'

Local Partners

Show legend returns to post after being run over by float

FOR absolute total dedication to the Ipswich Show look no further than 85-year-old Kalbar farmer Syd Haag.


Paddinton Bear is coming to Ipswich

IN TOWN: Annette Kitching plays the part of Paddington Bear in The Cute Little Bear From Peru at the Incinerator Theatre.

FAVOURITE children's character set to delight in new show

What to expect at Birds of Tokyo's Ipswich gig

The band will perform at the Racehorse Hotel on Friday.

BAND member Glen Sarangapany talks music, pub grub and doing shoeys

IPSWICH SHOW: What's on at the showgrounds today

Ipswich Show 2017. Sasha Bondzulic and Kirra Peel.

THE show fun continues today with plenty of rides, games and stunts

Concert death toll revised up to 22, tour suspended

TWENTY-TWO people have been killed and at least 59 people have been injured following a terror attack in Manchester

Casual Keanu says fame is ‘cool’

Keanu Reeves in a scene from the movie John Wick: Chapter 2.

NOBODY expected much of John Wick when it was released in 2014.

Ariana Grande breaks her silence after fatal blast

According to reports quoting witnesses, a mass emergency evacuation was prompted after explosions were heard at the end of US singer Ariana Grande's concert in the arena.

The entertainment industry is in shock after attack on concert

Pitch Perfect star suing Woman’s Day over ‘liar’ articles

Actor Rebel Wilson outside court on Friday.

REBEL Wilson's career destroyed by grubby campaign, court hears.

Seven Year Switch: The boner to end all boners

Johnny’s outraged over claims he has a cracked boner.

She gulps. Her face says it all.

Bay to star in Hollywood shark thriller ‘Cage Dive’

Cage Dive, written and directed by Gerald Rascionato, is now screening in the United States of America. It had scenes filmed in Hervey Bay.

And our visiting humpback whales also make appearance.

Celebrity sex tapes: Where does all that money go?

Basically, did Paris and Kim earn fortunes from their videos?

One of Maryborough's most historic homes is still for sale

FULL OF HISTORY: Trisha Moulds is owner of the historic Tinana state known as Rosehill. The beautiful home is currently for sale.

It has been the scene of both joy and tragedies over the years.

The face of the Sunshine Coast's overpriced rental crisis

Alyx Wilson had to rent a $385 unit in Currimundi because the market was too competitive for cheaper rental housing. She is now renting a room from friends who own a house in Currimundi, and says its much more affordable.

Young people feel the strain in competitive, expensive rental market

WATCH: Take a tour of a tradie's dream home

5a Bruce Hiskens Court, Norman Gardens, going for $720,000. INSET: Lea Taylor.

Huge block with potential for anything

Deputy Premier makes massive call on controversial sand mine

Aerial view of the proposed Forest Glen sand mine.

BREAKING: State Government makes huge call on Coast sand mine plans

Ready to SELL your property?

Post Your Ad Here!