Developer SIG Group has acquired 42 hectares of land in Ipswich, Queensland from Sekisui House Australia, with plans to build 600 homes in the state’s booming western growth corridor.  

The site was located next to the Ripley Town Centre – a 40-minute drive from Brisbane and a 15-minute drive from Springfield. 

The future master-planned community will offer residential land lots and terrace homes, with a wide network reserved for parks and green open space.  

Clinton Trezise and Peter Neale, joint Managing Directors of RPM Group in Queensland, advised the group during the acquisition and have been appointed to sell the future residential project. 

“Buyers in Southeast Queensland are sophisticated enough to understand the potential of investing close to a developing town centre,” Trezise 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,” SIG Group Director Hugh Lu said.  

“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.” 

Lu said the development would benefit from proposed key future amenities such as private commercial office space, a hospital, aged care facilities, a hotel and an underground train station. 

“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,” Lu said.  

The group has expanded into Queensland following investments in Victoria.  

In January last year, SIG acquired a 162-hectare housing development site in Melbourne’s western suburb of Tarneit.  

The project was expected to add another 2,300 housing lots to Wyndham’s booming growth corridor.  

It had also acquired a 56-hectare site on Derrimut Road in Tarneit.