THE solid pace of sales at the $500 million Ecco Ripley masterplanned community developed by Sekisui House continued unabated in the first quarter of 2017.
Figures released by Sekisui House, one of the world's largest development companies, reveal that buyers accounted for more than $12.5 million worth of sales in the three months to the end of March.
The latest data reveals the ongoing strength of buyer activity at Ecco Ripley, building on the $9 million in sales recorded in January and February
The market continues to be dominated by first-home buyers who accounted for 60 per cent of the sales at Ecco Ripley so far this year. Demand from this sector of the market has been driven by the affordability of house and land packages across Ripley Valley, with house and land packages currently available in Ecco Ripley from $303,800 for a Sekisui House Terrace home.
In total, about 78 per cent of buyers at Ecco Ripley are owner-occupiers.
"The level of owner-occupiers is one of the most pleasing aspects of the buyer statistics so far this year,” according to Ecco Ripley Sales Manager Scott Blaney.
"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.
"Ecco Ripley's sales have been buoyed by a rise in development activity across the Ripley Valley, including a start to construction of the $1.5 billion regional Ripley Town Centre, also being delivered by Sekisui House.
"The completion of the Town Centre, which will ultimately comprise a broad range of commercial and retail spaces, a dining precinct, regional transit hub, community and entertainment facilities as well as residential, is expected to be a major growth catalyst for the Ripley Valley and is driving renewed confidence among many of our buyers.”
Queenslanders are overwhelmingly the largest cohort of buyers at Ecco Ripley, accounting for 80 per cent of sales this year.
"Local buyers are keenly aware of the capital growth already experienced across the Western Corridor, and they are now seeing the emergence of genuine opportunity throughout the Ripley Valley,” said Mr Blaney.
According to Ipswich City forecasts, Ripley Valley will ultimately house 120,000 residents over the next 20 years. The staged development of Ripley Town Centre is poised to become an integral component of that vision with forecasts that it will create up to 20,000 jobs when fully completed.
Ecco Ripley itself is a 5 star Green Star rated community that is planned to ultimately comprise 4300 dwellings and house 10,000 people.
The Sekisui House masterplanned community was the focus of national media attention in April during the inaugural Family Footy Festival at Brooking Parkland which drew a crowd of about 1200 and is one of the many community events hosted by Ecco Ripley.
A major part of the Family Footy Festival was the Ipswich Jets Junior Development Clinic designed to hone the skills of youngsters looking to play rugby league.
The clinic was fully booked within a week of being publicised
"If the success of the Family Footy Festival is any guide, Ecco Ripley and the Ripley Town Centre will play a leading role in bringing the Ripley Valley community and the broader Ipswich community together,” said Mr Blaney.
Twenty percent of the Ecco Ripley development site has been dedicated to parklands and 75 per cent to open space. Throughout the current parklands more than 2000 native trees and shrubs and 93,000 ground cover species have already been planted. Future parkland, due to open next year, will be one of five Ipswich City Council city wide park destinations.
Ecco Ripley's sales success this year has prompted Sekisui House to launch registrations of interest for a new release of land within the masterplanned community.
The new release to be known as Lighthaven, offers a new opportunity for buyers to secure land at Ecco Ripley, along with existing Sekisui House terrace, duplex and ready built home stock still available in its first release, Brooking Rise.
To register your interest of for more information on available stock, visit the Sales and Information Centre at 582 Ripley Road, Ripley. Phone 1800 RIPLEY