More than 1,800 new homes are set to be unlocked in the Ripley Valley Priority Development Area (PDA), following a new infrastructure agreement between Economic Development Queensland (EDQ) and Stockland.
The agreement includes $4.6 million in catalyst loan funding to deliver a new 800-metre section of arterial road, including a new intersection and culvert. This infrastructure will enable approximately $577 million in housing construction and support 118 direct and indirect construction jobs – bringing forward housing supply and supporting jobs closer to where people live.
The Ripley Valley PDA spans 4,680 hectares and is planned to deliver 48,750 homes for up to 131,000 people. This latest investment supports the continued growth of the region and ensures infrastructure keeps pace with demand.
This part of Queensland is fast growing and it’s important that infrastructure keeps pace as more people call South Ripley their home, now and into the future. Initiatives like this enable more homes to be unlocked and keep residents – like those in our Providence and Botanica communities – well-connected to good schools, shops, retail and active open space. We acknowledge the work of the Queensland Government and EDQ to support the delivery of housing in South East Queensland.
David Laner
Stockland General Manager QLD Development
EDQ continues to work with industry and local government to remove infrastructure barriers and enable housing delivery at scale across the Ripley Valley PDA.
For general enquiries, email –
[email protected]
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