Goldfields finds value in southeast Queensland will develop a 900-lot community at Ripley

A Melbourne-based developer is set to leave a big footprint with the imminent launch of plans for a 900-lot master planned community in the growth corridor south west of Brisbane.

Goldfields managing director Marco Gattino says the southeast Queensland house and land development cycle still has some way to go. Picture: AAP image, John Gass

A MELBOURNE developer has taken advantage of southeast Queensland’s “value proposition” and will next week launch a 900-lot master planned community in Brisbane’s western growth corridor.

Goldfields’ Hayfield development on a 109ha site, within walking distance of the $1.5 billion Ripley Town Centre, is the company’s first Queensland project and there will be more to come.

It follows in the footsteps of their highly successful Bridgefield in Melbourne’s west and Winterfield project – a masterplanned community in Winter Valley, a few kilometres from the Ballarat’s CBD and across from the new Delacombe Town Centre.

Hayfield is a master-planned community at Ripley, launching March 2018.

Hayfield is Goldfields’ latest master-planned community that they say looks to “combine natural beauty with urban convenience”.

Goldfields managing director Marco Gattino said the purchase came at a crucial time with Sydney and Melbourne at the top or near the top of the house and land development cycle.

“The value proposition here has never been greater for buyers and I reckon the house and land market in southeast Queensland is about at 4 o’clock,” he said.

“What that means is that developers should do well if they buy now and mums and dads will do well if they get in on the cycle early enough.”

Goldfields paid just over $21 million for the site through a deal struck by Ray White Special Project’s Tony Williams and Mark Creevey.

Construction is scheduled to start in the second quarter of this year. McGrath Estate Agents has been appointed as the exclusive agent.

Mr Gattino founded Goldfields in 2010 and since its launch the company has established presence in the Victorian property market spanning luxury apartments, urban infill projects and land subdivisions

Hayfield is a master-planned community at Ripley, launching March 2018.

He said Queensland was “incredibly well primed” to follow in Victoria’s footsteps with the gap in pricing between two of Australia’s largest cities and Brisbane and its surrounds widening while demand for well serviced land in southeast Queensland increases.

“I started seeing green shoots here and began focusing on southeast Queensland about two to three years ago,” he said.

“We’ve observed significant growth opportunities, thanks to favourable economic conditions, including high purchaser demand, employment expansion and an estimated 2 million population growth by 2041.

“We can see a real value option here and we still think there’s good buying opportunities in southeast Queensland so we’ll continue to look here quite aggressively.”

“What that means is that developers should do well if they buy now and mums and dads will do well if they get in on the cycle early enough.”

The Goldfields website describes Hayfield as: “Goldfields’ latest master-planned community that combines natural beauty with urban convenience in the heart of Ripley Valley. Hayfield is designed to encourage a true connection between families, neighbours and nature.

“Whether it’s a run around the Ripley Track, or a yoga session and morning workout in the park, nourishing activities come with a beautiful backdrop.”

Hayfield is a master-planned community at Ripley, launching March 2018.

Hayfield is a master-planned community at Ripley, launching March 2018.