Park Ridge Outlook


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As the South East Queensland hotspots of Brisbane and the Gold Coast become harder to penetrate, Logan is increasingly becoming the ‘place to watch’, where a mix of affordability, job growth and infrastructure investment is underway.

As families push to buy their own property and look outside Brisbane, Logan is a top destination.

For the 12 months to December 2018, the Logan property market performed well, increasing by 3.1%. Logan’s south is set to become a hotbed of activity, with about 70,000 new homes to be built to accommodate population growth. Those areas include Yarrabilba, Greater Flagstone, Park Ridge, Meadowbrook, Bahrs Scrub and Greenbank.

Park Ridge, an emerging suburb in Logan’s west, bordered by the Mt Lindesay Highway, will have 12,000 new dwellings and about 30,000 people by 2041.

LOCATION: Positioned in the Logan growth corridor with direct access to the Gold Coast to the south and Brisbane to the north via the M1 Motorway.

RAPID DEVELOPMENT: Major features in the area include shopping centres, schools, entertainment precincts, education facilities, including Griffith University and transport.

INFRASTRUCTURE UPGRADES: A series of planned infrastructure upgrades, including a recently announced network of new roads, connections and footpaths will be established in Park Ridge to manage increased traffic from the addition of two new sub divisions.

RESIDENTIAL MARKET INSIGHTS

As the South East Queensland hotspots of Brisbane and the Gold Coast become harder to penetrate, Logan is increasingly becoming the ‘place to watch’, where a mix of affordability, job growth and infrastructure investment is underway.

As families push to buy their own property and look outside Brisbane, Logan is a top destination. For the 12 months to December 2018, the Logan property market performed well, increasing by 3.1%. Logan’s south is set to become a hotbed of activity, with about 70,000 new homes to be built to accommodate population growth.

Those areas include Yarrabilba, Greater Flagstone, Park Ridge, Meadowbrook, Bahrs Scrub and Greenbank.

Park Ridge, an emerging suburb in Logan’s west, bordered by the Mt Lindesay Highway, will have 12,000 new dwellings and about 30,000 people by 2041.

  • In Park Ridge, 34.9% of households are couples with children.
  • The majority of employed persons in Park Ridge work in construction, health care and social assistance, retail trade, manufacturing and education and training.
  • The market characterised by a lower property entry price, the substantial pipeline of development and the rising levels of employment in the region.

The $512 million Logan Enhancement Project is well underway with completion expected later this year.

RAPID DEVELOPMENT

It includes widening sections of the Logan and Gateway motorways, improving key congestion hot spots and constructing new south-facing on and off-ramps on the Gateway Motorway at Compton Road. The Logan Enhancement Project will unlock the economic potential of the Logan region as well as the business/freight hubs in Brisbane’s west and north. It will deliver a safer and more efficient motorway network by relieving local traffic congestion, reducing travel times, and enhancing connectivity with major road networks. The project will support 1,300 direct jobs during construction and generate around approximately $1.2 billion in economic benefits for Queenslanders over 30 years. The suburb Park Ridge is set to be transformed with a network of new roads including road connections and footpaths to be established between East Beaumount Road and Park Ridge Road. The roads are planned to cope with more traffic with the addition of two new sub divisions and the increase in traffic. The Park Ridge Connector (PRC) has also been identified as a preserved transport corridor to connect planned future communities at Park Ridge, Flagstone and Yarrabilba to services and employment. While a new road will not be required for 20 years or more, the State Government has said it is important to preserve the corridor now so that more dense development in Park Ridge, resulting from the Logan City Council’s Structure Plan, can be catered for.

INFRASTRUCTURE AND DEVELOPMENT AT A GLANCE

  • $512 million Logan Enhancement Project
  • First multi-storey building built in Beenleigh in the past 10 years
  • $5 million Beenleigh implementation fund
  • $5 million Springwood implementation fund
  • $2 million Logan Village implementation fund
  • $2.43 billion worth of infrastructure for Meadowbrook, including the upgrade to the Logan Hospital
  • The Yatala Enterprise Area is et to bring more than $1 billion to the local economy once complete.

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