Families and affordability drive success of Ipswich’s newest masterplanned community
The new $350 million Waterlea masterplanned community at Walloon near Ipswich has quickly established itself as one of South East Queensland’s most affordable and exciting addresses.
On completion, the one-of-a-kind Waterlea Walloon will incorporate 1,500 homes spread across 13 distinct residential neighbourhood precincts dissected by a refreshing serpentine creek and grand parklands. A central retail hub will create a vibrant village heart where the community meet, mingle and shop.
Since it was formally launched by Ipswich Mayor Paul Pisasale in November, Waterlea has attracted strong interest with nearly 100 lots, worth more than $14 million, sold in the first 14 days.
Construction on Stage 1 of the 185ha project is nearing completion with a selection of homesites in Stage 2, ranging from 400sqm to 885sqm, currently available and prices starting at $159,000.
Waterlea Development Manager Andrew Cook said the community offered the total lifestyle package for purchasers.
“Walloon is a suburb with a sense of community and belonging, ideal for young families and offering an abundance of established amenity and proximity to employment, schools and shops and direct Queensland Transport options to both Ipswich and Brisbane.
“Waterlea’s wide open spaces will be ideal for growing families,” Mr Cook said.
Waterlea comes with the promise of recreational space including interconnected pools of water forming a lake through the development with a two-kilometre walking path and cycleway, shops including a coffee shop, organic grocer and licensed venue, transport links, schools and medical facilities.
Waterlea also offers close proximity to the existing township of Walloon which includes medical centres, a primary school and further retail.
The community is expected to be on of the major beneficiaries of a $1.5 billion expansion of the Amberley air force base, which is just 10 minutes from the community. Waterlea is expected to absorb a portion of the nearly 2,000 new base staff and their families expected to move to the area as a result of the expansion..
“The rapid growth of the Ipswich area and the RAAF base and the close proximity to the rail lines made Walloon very appealing,” Mr Cook said of the site selection. “We’re confident Waterlea’s holistic approach to living will draw people into the community from far and wide.”
Waterlea’s lot sizes are far larger than Ipswich’s average to cater for families and those looking to invest in land for long-term capital growth, according to Mr Cook.
“In Ipswich the average lot size tends to be quite small so after considering community feedback we opted to make our blocks much larger,” he said. “The average lot size of our third stage is 680sqm. We want to make Walloon a destination suburb for families.”
Waterlea sits 12 kilometres from Ipswich’s CBD and will adjoin the established township of Walloon where residents are within walking distance to its train station, school, and its retail precinct including an IGA supermarket, medical centre, hotel and bakery.
Oliver Hume Joint Managing Director Queensland Brinton Keath said Waterlea was an impressive project providing residents with easy access to Ipswich and Brisbane.
“The project will combine choice with affordability to demonstrate how well planned projects can revitalise an area and empower communities to fulfil their potential. Waterlea delivers a strong vision for the site, but also for the broader Ipswich region,” he said.
“Waterlea will deliver the perfect residential address; the project is a shining example of a stunning residential transformation, and will add to the boom currently underway in this south-west corridor,” he said.
The first precinct of Waterlea Walloon, consisting of 300 homes, will be complete by the end of next year, with the next 1,200 lots to be rolled out over the next five years.
Waterlea is located on Rohl Rd, Walloon, and is open for inspection daily from 10am-5pm.