Land & CommunitiesPhil BartschThu 10 Sep 26
HB Land Launches Third Greenfield Estate in SEQ Growth Corridor
Developer HB Land is expanding its footprint in South-East Queensland’s western growth corridor, launching its third residential project in the Ripley Valley.
The initial release of stage one of the 372-lot Silva community comprises 21 homesites—priced from $508,000—with lots from 225sq m to more than 741sq m.
To be delivered across eight stages, the project follows HB Land’s nearby Bellevue Ripley—a 577-lot project that sold out ahead of schedule—as well the 76 sales recorded at its Sunnyvue Ripley project since April.
Oliver Hume has been tapped to manage sales and marketing for the estate, which is positioned near the Providence Town Centre, an existing local school and park.
HB Land chief executive Michael Vinodolac said the project was designed to address shifting buyer preferences by offering a highly diversified product mix.
“Silva will provide everything from more affordable compact homesites through to larger lots for families wanting additional space," Vinodolac said.
The project launches amid broader consolidation in the South-East Queensland greenfield sector.
According to the latest Oliver Hume Land Index & Residential Outlook report, the region’s land market is moderating under the pressure of interest rate hikes, planning and policy shifts, and a cooling established housing market.
Chief economist Matt Bell said developers were actively resizing lots to maintain project feasibility and affordability.
In the past 12 months, the median lot size in the Ipswich local government area contracted from 456sq m to 353 square metres.
“The market is adapting to buyer budgets,” Bell said. “That evolution is helping developers provide a wider range of attainable housing options for first home buyers and other price-conscious purchasers.”
The Ipswich market remains a critical engine for the region’s housing supply, accounting for about 30 per cent of all new land sales across South-East Queensland during the past five years. The area retains a significant pricing advantage, with median land values sitting 37 per cent below those of established markets in Brisbane, Redlands and the Gold Coast.
Oliver Hume Queensland general manager Dan Ross said South Ripley’s ongoing infrastructure pipeline and affordability continue to underpin underlying buyer demand despite broader macroeconomic headwinds, with more stages coming to market helping stock levels normalise.
