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\u25b2 A rendering of Verso\u2019s planned Ripley Town Centre retail expansion.<\/p>\nOne of South-East Queensland\u2019s fastest-growing corridors could soon be home to another major residential project, with Ausbuild announcing a $400-million masterplan for South Ripley.<\/p>\n
Eight developers competed for the 64.74ha South Ripley masterplan site that attracted 146 enquiries from Queensland and interstate groups, with Ausbuild securing the land this week for $45 million.<\/p>\n
The site was sold by Ray White Special Projects Queensland on behalf of the long-standing landowners, the Rawlings family, after an expressions-of-interest campaign.<\/p>\n
Ray White Special Projects Queensland director Mark Creevey said the campaign had eight formal offers from \u201cwell-credentialled groups\u201d.<\/p>\n
Creevey said the sale \u201chighlights not only the confidence in Ripley Valley, but also the ongoing development demand of well-located, large-scale development sites in South-East Queensland\u201d.<\/p>\n
Ausbuild head of acquisitions Dean Barwick said the South Ripley acquisition \u201cfurther strengthens our housing supply pipeline and aligns with Ausbuild\u2019s long-term acquisition strategy of procuring large well-located development sites\u201d.<\/p>\n
\u201cSouth Ripley represents exactly the type of opportunity we look for\u2014a substantial landholding in a high-growth corridor with strong infrastructure planning and community amenities already in place,\u201d Barwick said.\u00a0\u00a0<\/p>\n
On the heels of the sale, Ausbuild has announced a proposal for 58-116 Coleman Road of 429 lots from 262sq m to 908sq m, at 410sq m on average, with potential to expand close to about 500 homes.<\/p>\n
Ausbuild joint managing director Matt Bell said the masterplanned community would be a significant investment in one of South-East Queensland\u2019s most promising growth corridors, with the broader region projected to deliver 48,750 homes to house more than 130,000 people.<\/p>\n
\u25b2 A rendering of Verso\u2019s planned Ripley Town Centre retail expansion.<\/p>\n
\u201cWith $400 million in gross realisation and approximately 500 or more homes planned, this project will make a meaningful contribution to addressing housing supply in the Ipswich region while creating substantial green space for the community to enjoy,\u201d Bell said.<\/p>\n
Almost 46 per cent of the site would be preserved for conservation, with around 30ha dedicated to environmental protection and nearly 5.5ha for parklands and recreational spaces.<\/p>\n
The site is near the Coles Ripley Town Centre, Ripley Valley State School, Ripley Valley State Secondary College and Harmony Early Education Centre.<\/p>\n
The Ripley population was 20,406 as of June 2024 and recorded a 15.27 per cent year-on-year increase\u2014more than 2000 new residents\u2014in the 2024-2025 financial year.<\/p>\n
Other developments in the Ripley area include Verso Development Group\u2019s $1.5-billion Ripley Town Centre expansion<\/a>, which would add 9000sq m of retail and 94 townhouses, and MG Land\u2019s $107-million proposal for 335 townhouses<\/a> at 770-774 Ripley Road.<\/p>\n