Ripley Valley the hotspot for major investors
THE IPSWICH land boom continues with the Frasers Property Australia decision to purchase a 115-hectare residential site in Ripley Valley.
The announcement follows Frasers Property's recent acquisition of a 135-hectare site at Bahrs Scrub near Beenleigh.
Frasers Property now has three residential communities in South East Queensland, with The Rise at Park Ridge launched in 2015.
Frasers manager Cameron Leggatt said acquiring the Ripley Valley site had enhanced the company's great start to 2016.
"We're pleased to be investing further in south-east Queensland as there's a strong demand for well-designed and well-serviced housing within easy reach of Ipswich," he said.
"That's why we're so excited about Ripley Valley and the opportunities it will provide for locals and new residents."
The 115-hectare Ripley Valley development will showcase the region's natural beauty, with detached housing lots nestled within dedicated green zones and extensive open space.
Located 10 minutes from the recently expanded Orion Springfield Central, the project is part of the State Government's Ripley Valley Priority Development Area.
"Local families are demanding quality homes at an affordable price," Mr Leggatt said.
"That's what we provided at Ivadale Lakes at the Sunshine Coast, Cova within the Gold Coast and The Rise at Logan and it's what we plan to offer at Ripley Valley."
The Ripley Valley development includes the former Deebing Creek Mission site, an Aboriginal mission established in 1887 and closed in 1915, which retains enduring cultural and historic significance.
Frasers Property began consulting with the local community, including indigenous leaders, immediately after acquiring the site in October 2015, hosting a public community meeting and open day.
This consultation process is ongoing, and will inform Frasers Property's plans for the Ripley Valley site.
"We acknowledge the significance of the former mission site," Mr Leggatt said.
"That's why we are working with the community and local stakeholders to ensure the history of the site is well understood and well respected.
"At this stage, with consultation ongoing throughout 2016, we have not yet finalised our development plans for the site.
"We expect to submit a development application to Ipswich Council later this year and to launch the first land lots for sale in 2017."