Park Ridge is part of Logan City, nestled in South East Queensland, just south of Brisbane and north of the Gold Coast.
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.
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.
By June 2021, 125,974 residential dwellings were recorded in Logan with a growth of 16,049 dwellings from 2016.
Based on these updated figures, Logan is required to now facilitate an additional 72,951 residential dwellings by 2041.
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.
The city’s bushland setting, established retail infrastructure, proximity to the Logan River and easy access to Brisbane and the Gold Coast make it an attractive prospect for buyers.
High-level capital growth is a result of affordable properties with above-average rental yields, widespread transport links, and a growing economy with diverse mix of industries providing growing employment.
