B R I S B A N E • P I M PA M A
PARK RIDGE OUTLOOK
OCTOBER 2022
Park Ridge is part of Logan City, nestled in South East Queensland, just south of Brisbane and north of the Gold Coast.
By June 2021, 125,974 residential dwellings were recorded
Park Ridge makes up a significant portion of the burgeoning Logan growth corridor and is a key contributor in driving Southeast Queensland’s population growth.
facilitate an additional 72,951 residential dwellings by 2041.
The Logan growth corridor’s population is expected to leap to 614,918 from the current 350,740 by 2041. The Queensland Government’s ShapingSEQ plan has dictated that Logan City Council needs to provide 89,000 new dwellings by 2041, the majority of which will be centred around Park Ridge, Yarrabilba, Greater Flagstone, Meadowbrook, Bahrs Scrub and Greenbank.
in Logan with a growth of 16,049 dwellings from 2016.
Based on these updated figures, Logan is required to now A solid pipeline of residential development is in place to accommodate this astronomical population growth. The combination of affordable property prices, new
development and infrastructure and central proximity to
major job hubs is making Park Ridge an appealing choice for new residents.
Given its central geographic location and high proportion of families, Park Ridge is ideally placed for continued growth.
LOCATION: Positioned in the Logan growth
CRESTMEAD ESTATE: The $1.5 billion
HOSPITAL EXPANSION: The Queensland
to the south and Brisbane to the north via the
developed over five years by Queensland
on the Logan Hospital Expansion, one of the
corridor with direct access to the Gold Coast M1 Motorway.
RAPID DEVELOPMENT: Major features in
the area include shopping centres, schools,
entertainment precincts, transportation hubs and top-tier education facilities.
PROPERTY PRICE GROWTH: The median house price in Park Ridge is $607,000.
RENTAL GROWTH: Gross rental yield for housing in Park Ridge is 3.88 per cent.
In June, Logan City Council delivered its $1.014 billion 2022/23 Budget, as the city’s population grows towards half a million people in the next 15 years. The budget aims to minimise cost-ofliving pressures on residents and boost the delivery of essential services to the community.
Crestmead Logistics Estate will be
developer Pointcorp and deliver 650,000
sqm of warehousing, business, logistics and manufacturing space and will create up to 6000 jobs.
Government is investing more than $1 billion state’s largest ever hospital expansions. It will deliver a 48 per cent increase on the existing bed capacity capacity to meet community needs.
TIGHT VACANCY RATES: Park Ridge real
INFRASTRUCTURE: A series of planned
of only 0.71%. This means that there is very
of new roads, connections and footpaths
vacant.
increased population growth in the area.
estate is a stable market with a vacancy rate
infrastructure upgrades, including a network
little risk of investment properties becoming
will be established in Park Ridge to manage
While property prices fell across South East Queensland due to the coronavirus pandemic, Logan’s property market has remained stable due to its affordability and the solid pipeline of development and infrastructure in the area attracting more buyers.
The new ‘M2’ motorway, the Coomera Connector, is tipped to take around 60,000 cars off the M1. The 42km six-lane road will run between Nerang and Logan.