Inside 9100 new residential lots opening in Ripley Valley development
The State Government has stepped in to help deliver 9100 much-needed house sites in a boom area west of Brisbane, signing off on two key infrastructure loans.
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The State Government has stepped in to help deliver 9100 much-needed house sites in a boom area west of Brisbane, signing off on two key infrastructure loans.
Ripley Valley will house more than 9100 families after the state provided two infrastructure loans to facilitate the project.
Economic Development Queensland would stump up $27.5 million for one of the loans.
The low-interest loans aimed to provide economic stimulation and infrastructure growth in the Ripley area 5km southeast of the Ipswich CBD.
Assistant treasurer and Ipswich MP Jennifer Howard said residents were “crying out” for more housing.
“That’s exactly what this new funding helps to provide,” she said.
“I’m thrilled to see these much-needed infrastructure projects will be unlocking lots for housing in the fast-growing Ripley Valley.
“By working in partnership with developers and local councils we can continue to roll out the critical infrastructure needed to meet local housing demand and create liveable, sustainable communities.”
State development and infrastructure minister Grace Grace said fast-growing areas such as Ripley Valley needed more infrastructure.
“We’re funding the roads and other essential infrastructure like water and sewer works that are needed to bring much-needed new housing to the Ripley Valley,” she said.
“The catalyst infrastructure funding we are providing is great news because it will help unlock more land for housing, while supporting more jobs and economic activity.”
The state government has also signed a $24 million infrastructure agreement with Ipswich City Council for an upgrade of a section of Ripley Rd between the Cunningham Hwy and Monterea Rd.
Ipswich Mayor Teresa Harding said the loan would fund the design and construction of its stage one project.
“It will also allow for the completion of the preliminary design for the upgrade of Ripley Rd between the Cunningham Hwy and Fischer Rd to a four-lane road, which is the start of stage two,” she said.
“This catalyst infrastructure fund loan will require repayment over time from infrastructure charges paid by new homeowners and developers collected through development in the Ripley Valley.”
Ms Harding said the combined $39.3 million in infrastructure funding would unlock an estimated 4600 lots in the northern Ripley Valley.
Employment minister and Bundamba MP Lance McCallum said the Miles government helped the council to expand local roads quicker.
“We need this expansion as soon as possible for existing residents and commuters and will help ensure more new homes as our community continues to grow,” he said.
“The upgraded Ripley Rd will be a vital link providing the north-south connectivity needed to open up new precincts of the Ripley Valley Priority Development Area.”
Another $3.5 million agreement was signed with developers Stockland and Moremac for trunk sewer works in the southwestern precinct in Ripley Valley.
The funding would unlock another estimated 4500 residential blocks in Deebing Heights.
Stockland general manager David Laner said his company’s Botanica development would provide 2300 homes, regional sporting facilities, a local school, other community facilities and local retail outlets.
“The catalyst infrastructure fund is a clear demonstration of the importance of collaboration between government and industry in delivering much needed housing in this rapidly growing part of southeast Queensland,” he said.
“This catalyst funding for infrastructure at Deebing Creek will help Stockland unlock land for our new master planned community.”
Moremac general manager Andrew Brimblecombe said the funding would ensure that construction of vital infrastructure kept pace with its development.
“South Place in the Ripley Valley PDA is Moremac’s first project in Queensland,” he said.
“The delivery of new homes and new communities in Ripley Valley will help get more people into housing and represents a significant investment in the future of the Ipswich region.”
Opening the new residential lots would generate an estimated $851.4 million in civil construction and nearly $2.5 billion in housing construction, as well as more than 585 direct and indirect construction jobs by 2051.
Other residential developments in Ripley Valley priority development area included Stockland’s Providence, HB Land’s Bellevue, APD Project’s Montview, SIG’s Amory, Goldfields’ Hayfield, Orchard’s Aurora, Monterea Land’s Monterea, AVJennings’ Cadence and JAL’s Elmwood Estate.
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