Park Ridge a growing property investment opportunity

Park Ridge a growing property investment opportunity

Posted on October 22, 2020 by Mirren Property Investment

Median house price: $454,000
Median house rental value: $380 per week
Transport: car, train, bike
Population: 2,504
State: Queensland
Size: 16.9 square km
Location: 10km south of Logan Central

Park Ridge is a suburb located around 10 km south of Logan Central in Queensland, Australia, and 26km south of central Brisbane. Once a rural region known for its agricultural lands and bushland, Park Ridge is now a developing low-density residential suburb.

Many people mistake Park Ridge as a modern real-estate area but the area itself is actually over 100 years old. Before it was named Park Ridges, the area was called Logan Ridge.

Park Ridge has a size of approximately 16.9 sqkm. It has 8 parks covering around 0.7% of its total area.

In 2011, 77.5% of the homes in Park Ridge were owner-occupied compared with 74.5% in 2016. Currently, the median sales price of houses in the area is $454,500 while the median house rental value is $380 per week.

Park Ridge is one of the many suburbs in the area including Park Ridge South, Logan Reserve, Crestmead, Heritage Park, Regents Park, Boronia Heights, and Greeenbark.

Developments and Real Estate Statistics
Recent developments include the Crestmead Logistics Estate, which is a new business estate with construction of around $1.5 billion dollars. It’s said to be Queensland’s largest industrial project which also aims to bring more than 6000 new jobs and commercial business to the area.

Logan City Council also envisions development for the Park Ridge Master Planned Area which will provide 8,000 jobs by 2026 and a population increase of 30,000 people. There will be urban communities, more employment areas, and infrastructure that will provide community facilities. Despite the urban planning, Park Ridge wants to make the most of its natural assets so it remains one of the most nature-rich areas in QLD.

Looking at its average 5-year gains, there is long-term growth in the area. Compared to other Australian suburbs, Park Ridge had a weaker performance when it comes to an appreciation of property value.

Living at Parks Ridge will connect you and your family with the large selection of amenities in the area. This includes the 8 parks, hotels, local retail centers, schools, and medical facilities.

Schools on Park Ridge include the Park Ridge Primary School, Park Ridge State High School, Parklands Christian College, Park Ridge Early Childhood Centre, Park Ridge Preschool, and Park Ridge Childcare & Preschool.

Overall, Park Ridge is a peaceful, quiet, clean, and neighbourly community perfect for professionals, singles, retirees, as well as old and new families. It might not be as convenient as its 30 kilometres away from Brisbane CBD, but the suburb is growing and has loads of potential.

Population and Demographics
The population of Park Ridge in 2011 was 2,328 people. After five years, in 2016, the population grew to 2,509 showing a population growth of 7.8%.

The median household income in Park Ridge is $67,756.

Great commercial development creating ample job opportunities, situated close to the city while providing a great residential location, Park Ridge is an ideal investment property hotspot. We can help you plan your investment strategy and also find the best property in Park Ridge. Contact us today.

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