Ripley Valley to create 36,000 jobs
THE looming Ripley Valley development project will create 36,000 jobs during the construction of 50,000 houses.
The development will further benefit working families by offering affordable housing.
Local Government Minister Paul Lucas said the state Urban Land Development Authority would ensure that 25% of houses built would meet local affordability targets.
"We want to give young people, young families and young workers - all of whom find it challenging to enter the housing market - a fair go," Mr Lucas said.
"That is why the price of a quarter of all homes will be set below the affordability target for the region.
"Key workers in Logan and Ipswich on low to moderate incomes of $54,500 and $53,500 respectively will be better placed to enter the housing market."
Construction has not started yet, but it is expected that the development will eventually house about 120,000 people - a big step up from Ripley Valley's current population of about 400.
The project will help address the predicted need for 118,000 additional dwellings in the Ipswich area by 2031, as identified by the South East Queensland Regional Plan 2009-2031.
Planning and Development Committee chairman Paul Tully said the project would benefit Ipswich.
"This development is fantastic, because it will create jobs and an alternative residential area, and will open up more sporting and recreation opportunities," Cr Tully said.
"Having development on a number of fronts is great, and this project will help to continue the economic boost we've had from Springfield."
"But it might take a few years to see a diversity of developers," Cr Tully said.
Applications from private developers will be processed by the Urban Land Development Authority, a state authority responsible for overseeing new developments.
Minister for Local Government Paul Lucas approved the scheme on Tuesday, along with two other similar projects in Logan.
"Ipswich and Logan, the regions in which these homes will be built, will undergo an explosion in growth, each reaching an estimated population of 400,000 by 2031," Mr Lucas said.