THE solid pace of sales at the $500 million Ecco Ripley masterplanned community continued in the second quarter of 2017.
Ecco Ripley achieved sales of almost $12 million in the three months to the end of June, lifting total sales for the first six months of this year to $24.2 million.
Owner occupiers remain a dominant force within the buyer profile, with home owners attracted by both new amenities and the growth prospects for the area.
"The high level of owner-occupiers lays a great foundation for the strong community we are creating here, and we're now seeing more buyers responding to the future growth opportunities of the area,” said Scott Blaney, the sales manager at Ecco Ripley.
Mr Blaney said he's expecting a fast-pace second half of 2017, aided by the recent extension of the first home buyers grant and as construction of the first stage of the Town Centre ramps up.
"With the State Government's $20,000 first home buyers grant extended to the end of this year, we are expecting first home buyers to remain a dominant force at Ecco Ripley,” Mr Blaney said.
Proximity to the range of amenities that are about to come on line through the preliminary stages of the Ripley Town Centre is a key part of the Ecco Ripley growth story.
Construction of the $40 million first stage of the Ripley Town Centre is well advanced and on track to be completed by March 2018.
The Town Centre was recently bolstered by a second anchor tenant, with The Quay Family Healthcare securing a 1,740sqm tenancy to establish the Ripley Medical Precinct within the first stage.
Upon completion, the Medical Precinct will offer a wide range of services including general practitioners, specialists, pathology, radiology, optometry, dental care, podiatry and other allied health.
The first stage of Ripley Town Centre will be a marketplace-style centre totalling 9,400 sqm, anchored by a 3,800sqm full-line Coles supermarket and 20 specialty stores, cafes, dining options and commercial office space.
Ripley Town Centre is a staged project supported by a planned transport hub. When fully completed the Town Centre is expected to create 20,000 new jobs through the delivery of regional community facilities, commercial, office and retail space.
Strong population growth at Ecco Ripley, and the broader Ripley Valley region, is already on track to support the first stage of the Town Centre.
This has led developer Sekisui House to release Lighthaven, the second neighbourhood at Ecco Ripley, following the success of the first neighbourhood Brooking Rise.
Lighthaven will be the closest residential address to the $1.5 billion Ripley Town Centre and has already achieved strong interest from buyers eager to be near emerging amenities in the Ripley Valley region.
"Ecco Ripley is now home to more than 750 people, all of whom are excited by what is yet to come,” Mr Blaney said.
"Lighthaven will build on what we have already achieved in our first neighbourhood Brooking Rise by creating a new community close to the heart of the regional Ripley Town Centre.
"Home owners in Lighthaven will also be no more than 200 metres from the neighbourhood's extensive open space and parklands, and a short walk to the region's primary Town Centre.”
Sekisui House is in the last stages of approvals for additional extensive parklands and open spaces at Lighthaven which will be a major component of the new release. Details are expected to be revealed shortly.
The parklands are part of a commitment by Sekisui House, the world's largest home builder by revenue, to dedicate 20 per cent of Ecco Ripley to open space and parklands in line with its 5 Star Green Star Communities accreditation.
Houses currently under construction at Ecco Ripley include terrace houses priced from $320,900 and duplexes from $317,000, while laneway homes are selling from $339,000.