Stockland-Supalai Set to Take Over Springfield Rise in Major Property Deal

Springfield Rise, one of Ipswich’s largest master planned communities, is set to change hands after the Australian Competition and Consumer Commission (ACCC) approved a $1.3 billion acquisition by property giants Stockland and Supalai.



ACCC Greenlights Deal

The acquisition, which is expected to be finalised by the second quarter of 2025, will see 12 Lendlease master planned communities across Australia, including Springfield Rise, transferred to the joint venture between Stockland and Thai-listed developer Supalai. This deal follows a five-month investigation by the ACCC, initially raising concerns about competition in areas like Ipswich. 

Stockland is already the dominant developer in Ipswich, controlling communities such as Kalina, Providence, and Botanica.

Despite initial concerns, the ACCC concluded that the acquisition would not significantly reduce competition in Ipswich, with sufficient alternative developers in the area to keep the market balanced. However, as a condition of the approval, Stockland will be required to divest its Forest Reach project in New South Wales to address competition issues in the Illawarra region.

Impact on Ipswich and Springfield Rise

Springfield Rise, currently owned by Lendlease, is one of Ipswich’s most established master planned communities. The deal will likely shift Stockland’s market power further in Ipswich, where it already owns significant developments.

Springfield Rise
Photo Credit: Springfield Rise/Lendlease

The ACCC had initially feared that removing Lendlease as a competitor might give Stockland more control over housing prices and supply in the region. However, the commission ultimately found that competition would remain sufficient to safeguard consumers.

Stockland’s expanded portfolio will include Springfield Rise, Kalina, Providence, and Botanica in Ipswich and other major estates in Moreton, Logan, and Redland. Once fully developed, these estates will collectively house over 200,000 residents.

Springfield Rise
Photo Credit: Springfield Rise/Lendlease

Broader Queensland Housing Market

This acquisition comes amid a broader housing crisis in Queensland, where property developers are grappling with constrained land supply and increasing demand. The Property Council of Australia recently released a report highlighting that Queensland has missed out on 33,000 new homes over the past eight years due to unfavourable tax policies for developers.

The Property Council has called for a review of state taxes on property developers, arguing that current taxes have deterred international investment and slowed the pace of housing construction. According to the report, developer taxes introduced in 2016 have caused an 83.9 per cent drop in overseas investment, costing the state $17.8 billion in housing investment.

Future Developments

Stockland’s acquisition is part of a broader strategy to increase its focus on residential development. The company is shifting a larger portion of its portfolio towards housing projects, particularly in Queensland, where demand continues to outpace supply.



Stockland’s CEO has stated that the company plans to move away from single-dwelling homes and towards high-rise developments to meet the needs of Baby Boomers who are downsizing. With Springfield Rise now part of Stockland’s expanding portfolio, the company is positioned to significantly address the region’s housing needs. 

Published 1-Oct-2024

Springfield Rise Welcomes The Opening Of Silver Jubilee Park

The Silver Jubilee Park at Springfield Rise, the newly developed master planned community in Spring Mountain, is now open.


Read: Bottle Alley Reopens To Pedestrians With Striking Tribute To Ipswich History


Spanning over 14.4 hectares, Silver Jubilee Park offers a diverse range of recreational amenities. It features a versatile sporting field that can accommodate two contact rugby fields or alternatively one AFL field. 

Additionally, there are six basketball and netball hardcourts, along with shaded picnic and barbeque areas, a thrilling kids’ adventure playground, a toddlers play area, an amenity block, and ample parking facilities.

Photo credit: Springfield Rise & Springfield Lakes/Facebook

During the park’s official opening day on 22 April 2023, local families flocked to the site and had the exciting opportunity to meet the renowned Australian cricketing sensation, Usman Khawaja. 

Silver Jubilee Park
Photo credit: Springfield Rise & Springfield Lakes/Facebook

During the opening day festivities, a wide range of engaging activities and attractions were organised, ensuring a delightful experience for attendees. These included classic games like the Egg and Spoon Race, Tug of War, Circus Games, Sack Races, Chess, Jenga, Giant Parachute, and Stilts, offering fun and friendly competition for all ages.

Collaborating with the Ipswich City Council, the event featured lawn games, further enriching the entertainment options available to the attendees.

Silver Jubilee Park
Photo credit: Springfield Rise & Springfield Lakes/Facebook

The park’s design, rendered by Vee Design, aims to facilitate a multitude of activities, making it a perfect destination for individuals of all interests. By providing designated spaces for various recreational pursuits, games, sports, socialising, and relaxation, the park encourages visitors to continually return and discover new ways to enjoy the space. 

Vee Design has taken great care to ensure that the overall park design harmonises with the natural environment of Spring Mountain whilst also embracing its connection to nearby urban centres.


Read: Commune With Nature and Calm Your Spirit at Nerima Gardens


Silver Jubilee Park is located at Russell Luhrs Way in Springfield Rise, Spring Mountain.

Published 3-May-2023

Trapped Animals In Springfield Rise Development Worries Residents

Residents of Springfield Lakes are expressing concern about the safety of wildlife trapped in the Springfield Rise development site in Springfield Central.

Kangaroos have been spotted in the area whilst the residential project’s construction is in progress. Residents are worried that there is no path for the animals to escape the area and they could be harmed during the ongoing construction.

Four thousand homes will be built as part of the Springfield Rise project and a significant area has been cleared for this purpose.

The residents’ concerns have reached environmental groups, Environment Matters 2 Us and Springfield Lakes Environmental Advisory Group (SLEAG). The groups have already filed a complaint with the Ipswich City Council regarding the matter.

The groups believe that the council should take responsibility since they were the one who approved the development.

Cr David Morrison and Cr Sheila Ireland said that the developer has undertaken all measures to get native animals out of the site.

A spokesperson for Springfield Rise at Spring Mountain also reassured residents that their clearing has been approved and that the process was based on their comprehensive Environmental Management Plan. They also employ a wildlife spotter on site throughout the clearing activities.

The developer asserts that all their management plans posted on their website have all been approved by the Commonwealth Department of the Environment. They are assuring the public that their plans are in compliance with the Environment Protection and Biodiversity Conservation Act of 1999.

View the management plans here.

Springfield Rise to Bring More Than Just New Homes to Springfield Lakes

Located next to the booming suburb of Springfield Lakes is Springfield Rise, a $1.9 billion 4,000–home estate that is expected to welcome more than 12,000 residents and 10 new schools. The 415-hectare community will come complete with a new primary school; 15 hectares of open space; 15 neighbourhood parks; three stunning lakes; bushland reserves; walking, hiking, and cycling trails; and a few of the biggest sporting fields in the district.

Springfield Rise is located next to Springfield Lakes, and between Springfield Central and the White Rock Spring Mountain Conservation Reserve. In the years to come, 30,000 more people are expected to reside in this community.

Wide, Open Sports Fields

For a decade now, Springfield has been longing for more areas where people can do sports. The $22 million Southern Sporting Fields project in Springfield Rise has finally answered the residents’ prayers. The new sports precinct reportedly includes “four new rectangular fields, or two ovals, 16 netball courts and clubhouses.” Moreover, four rectangular fields and eight tennis courts are expected to be added near Sinnathamby Boulevard by 2018.

“This will be the home of Springfield sport and cater for all sports … ages and genders,” said Councillor Sheila Ireland. She explained that Springfield is a growing suburb with so many youths and seniors. More sports fields would thus help everyone’s longing for an active and healthy lifestyle.

David Morrison, chairman of the Ipswich City Council’s Parks, Sport and Recreation Committee, spearheaded the welcoming of the sporting fields late last year. According to him, “sporting clubs in the area were crying out for more facilities.” Earlier this year, Mr Morrison also explained how the city has always wanted to improve their sport and recreation facilities “that will attract State and National Competitions.”

“This (Springfield Rise) will be one of the city’s premiere sporting precincts which will attract local, regional, state and also national championships to the city,” he said. Mr Morrison, with his “passion for a fit and healthy Ipswich,” hopes that the community’s big sporting fields will motivate residents to live an active and healthy lifestyle.

All About Accessibility

According to Mr Matthew Mears, managing director of Lendlease’s Communities, Springfield Rise residents have easy access to various significant establishments like “schools and the expanding Orion Springfield Central.” Also, a mere walk or cycle away from anyone’s home in the community would be the local village shopping centre, three existing neighbourhood centres, cafes, restaurants, and cinemas. Other places like the Orion Lagoon, Robelle Domain Parklands, childcare centres, the University of Southern Queensland, and TAFE are likewise conveniently accessible.

Additionally, there is the nearby Health City, which is a 52-hectare medical and wellness site that proudly includes the 1,200-bed Mater Private Hospital.

Mr Mears explains that nowadays, people are “…opting for a social lifestyle that’s about convenience – living close to shops and cafes with everything they need within reach.”

Photo Credit: Artist’s Impression from Lendleases’s Springfield Rise project brochure