Ripley Valley, a Priority Development Area in Queensland
Aobo Realty is producing a series of introductions to Queensland's Priority Development Areas, offering a comprehensive overview of these areas. All information is drawn from publicly available government development plans, and will surely be of help to anyone looking to undertake property development or property investment in Queensland in the future.
Those who read our previous article will already have a basic understanding of Queensland's Priority Development Areas. Today, Aobo Realty continues by introducing the emerging south-western township of Ripley Valley.
The Queensland Economic Development Board declared Ripley Valley a Priority Development Area on 8 October 2010. It is also Australia's largest master-planned community, as reflected in the following:
1. Development area: The project spans more than 4,600 hectares and, once completed in early 2040, will accommodate 120,000 residents.
2. Population growth rate: According to government website surveys, Ripley is one of the fastest-growing areas in Australia, with its population increasing at 7.2% per year. By 2041, the resident population is expected to exceed 140,000.
3. Employment growth: Ripley is also one of the areas with the greatest employment growth. Beyond the job opportunities within the area itself, Ripley connects two major employment hubs — the Ipswich centre and the Springfield centre.
4. Educational resources: There are 7 schools in and around the area, including both public and private schools, and Ripley Valley's secondary and primary schools are currently under construction.