$180 Million Master-Planned Monterea Ripley Launched
A new $180 million master-planned residential village in the rapidly growing Ripley Valley region in the western growth corridor of Ipswich has been launched by Ray White Land Marketing.
Monterea Ripley residential village is been developed by Gerry and Patrick McHale and will feature 900 home sites on a land area of approximately 146 acres within the picturesque Ripley Valley.
Ray White Land Marketing Director Jamie Martin said 20 sales have already been achieved in the first stage of the project, with land prices starting from $166,000 and lots ranging in size from 300 sqm to 531 sqm.
“The first stage release of 53 lots is under construction with completion due in May while stage two has now commenced construction of 53 lots,” Jamie Martin said.
“The market appetite for affordable lots in a high-quality master-planned village which features large areas of parklands, recreational and retail amenities including sporting ovals, supermarket, cafes and retail specialities has been a major attraction for buyers.”
Jamie Martin said Monterea Ripley’s Green Space Master Plan will dedicate more than 22 acres to green open space.
“The green space will play host to a range of recreational amenities including open turfed areas for kick and play, an adventure playground, BBQ shelters and water fountains, sheltered picnic areas, walkways, multi-sports court and public amenities,” he said.
“Monterea Ripley forms an integral part of the Monterea Neighbourhood Village and will be located directly next door to a proposed 8000 sqm shopping centre including a major supermarket, speciality retail shops and commercial precinct with a total of 636 car parks.
“The village will also feature two sporting ovals with club house, BBQ facilities and children play area.”
About 120,000 people are expected to call the Ripley Valley home over the next 20 years and construction is underway on the $1.5 billion Ripley Town Centre.
The Ripley Town Centre is expected to be a catalyst for further growth in the region and will comprise a broad range of commercial and retail spaces, a dining precinct, regional transit hub and community, residential and entertainment facilities.