Premium Content Subscriber only A POPULAR residential estate within Ipswich’s booming southeast corridor has been sold for an eye-watering $193 million. Property giant Stockland last week revealed its shock acquisition of Providence at South Ripley from Okeland, which included a balance of undeveloped land. CEO of communities Andrew Whitson said the bold move reflected the company’s masterplan to create a community of more than 20,000 people over the next 20 years. “We expect the record-low interest rates to continue to underpin the residential market over the medium term,” he said. “This acquisition aligns with our strategy to restock our development pipeline with well located, market-ready projects in areas with strong demand fundamentals and expected total returns above our hurdle rates.”