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 1. News
 2. Queensland
 3. Brisbane


GREATER BRISBANE: 600 NEW HOMES TO BE BUILT ON 42-HECTARE SITE

Sophie Foster

Updated 21 Feb 2023, 9:41am

First published 20 Feb 2023, 1:11pm



SIG Group creating common parkland around homes in its Bandicoot Park project
interstate.

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A 42-hectare site that’s just changed hands is set to house 600 new homes upon
completion in one of the fastest growing areas of Greater Brisbane.

SIG Group – which is expanding its portfolio in Queensland after strong success
in Victorian residential developments – has bought a 42ha Ripley site to tap
into Ipswich’s population boom.

A company statement said the Group planned to bring another 600 homes to market
in the booming corridor, as part of a future masterplanned community with
residential land lots and terrace homes, as well as medium density dwellings,
parks and green open space.

SIG Group has a project in Benobble Heights, Scenic Rim in Qld.

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Located 40 minutes from Brisbane and 15 from Springfield, the site is next to
Ripley Town Centre, SIG Group director Hugh Lu said.

“We’re excited to take over this remarkable parcel of land from Sekisui House
Australia which will play a pivotal role in the core Ripley community and bring
momentum and a united plan for growth.”

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How will the new homes market fare in 2023?

01:47


MORE: Maccas to property tycoon: How I bought 75 homes by 31



Mortgage-free island escape comes with golf cart, $500k

RPM Group Qld joint managing directors Clinton Trezise and Peter Neale advised
SIG Group during the acquisition – and will now handle sales for the future
residential project.


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Mr Trezise said “buyers in South East Queensland are sophisticated enough to
understand the potential of investing close to a developing Town Centre”.

SIG Group representatives at their Harlow project interstate during
groundbreaking.

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“Ripley is a fast-growing area in Queensland; this new development will provide
an opportunity to cater to this growth and shape a lively community that
benefits from its location, affordability and lifestyle.”

“This will be achieved by tapping into proposed key future amenities such as
private commercial office space, a hospital, aged care facilities, a premium
hotel and an underground train station on the doorstep. With Sekisui House
Australia in the development planning phase for Stage 2 of Ripley Town Centre,
the construction of new retail and commercial spaces anticipated to open in 2025
will ensure residents benefit from entering into a well-established region with
ease.”

FOLLOW SOPHIE FOSTER ON TWITTER


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