This article is from the Australian Property Journal archive
PROPERTY developer SIG Group will help bring over 600 homes to market in Queensland’s booming western growth corridor with the launch of Amory, a residential development in the Ripley Town Centre.
Amory offers the last available land for sale surrounding Ripley Town Centre. SIG Group bought the 42 hectares in a deal with Sekisui House Australia early this year.
The offerings include a selection of terrace products, providing affordable and low-maintenance options ideal for entry-level first-home buyers and downsizers, as well as large homes, including two-story, five-bedroom residences, to cater to “ambitious” buyers with growing families seeking more spacious accommodations.
“From low-maintenance terrace style homes to expansive lots, we’re aiming to create a community where everyone can find their perfect home in a premium location,” CEO of SIG Group, Hugh Lu said.
He said Amory is the only residential development that “seamlessly adjoins the railway precinct, boasting unrivalled convenience of being within walking distance to the expanding Ripley Town Centre, proposed future train station, and nearby schools”.
Ripley has experienced a major growth spurt since 2016, and has a younger population and higher-than-average household income.
Clinton Trezise, managing director – Queensland of RPM Group, has been appointed to sell the residential project, and said, Amory is “entering the south east Queensland market at the perfect time, exactly when south east Queensland needs it most. With our booming population and undersupply of dwellings, a quality and well–located new community offering a diverse range of affordable and value-for-money new housing options is exactly what our region needs.”
At the beginning of last year, SIG Group acquired 162 hectares of land in Melbourne’s fast growing western fringe suburb of Tarneit from grain farmers, where it will build a 2,300-lot housing estate next to the $150 million future home stadium of the A-League’s Western United.
In 2021, also in Tarneit, it paid $58 million for a 33.4-hectare site put to the market by the founders of Al-Taqwa College, Victoria’s largest Islamic school. That followed its circa $100 million-plus purchase of a 434-hectare parcel on Melbourne’s northern fringe with land for as many as 1,000 residential lots and 199 hectares of industrial land.
