Photo by Shiftchange, CC0, via Wikimedia Commons – Park Ridge Road, Park Ridge
Park Ridge and Park Ridge South are two neighbouring suburbs in Logan City that offer property buyers peaceful living and excellent value for money. Located in Logan’s growth corridor, these suburbs have become popular with home buyers and investors keen to get in before the population explodes – and with it, property prices.
If you’re considering buying in Park Ridge or Park Ridge South, now is the time to act. But don’t forget to arrange a pre-purchase building inspection with Action Property Inspections first. With a mix of new development and older, previously “semi-rural”, properties in the area, it is really important to have an approrpriately qualified and experienced building inspector go over the property who will be on the lookout for:
- termite damage;
- subsidence;
- previous flood damage; and
- issues with the quality of the build.
The Perfect Blend of Affordability and Liveability
Park Ridge and Park Ridge South are two neighbouring suburbs in Logan, a city just south of Brisbane in Southeast Queensland. Logan is tipped to be one of the fastest-growing cities in Queensland over the next two decades. In fact, the population is estimated to almost double to 586,000 people by the year 2040.
Nestled between Brisbane and the Gold Coast, these two Logan City suburbs offer buyers a peaceful rural lifestyle whilst still being close to all the action of the nearby cities. As more and more home buyers become locked out of buying in the suburbs of Brisbane and the Gold Coast, property prices remain affordable here.
However, significant government investment in infrastructure in and around Logan is likely to see an upward trend in property prices in the coming years, so prospective buyers are encouraged to make a move before this happens.
Amenities in Park Ridge / Park Ridge South
Park and Park Ridge South have earned a reputation for being family-friendly suburbs with loads of green space to enjoy. With a combined population of 13,965 (as of June 2024), the leafy area has the community feel of the suburbs while still providing all the shopping, dining, and work options needed for modern life.
The Park Ridge Town Centre has been expanded and upgraded to cater to the growing population and offers locals excellent variety and convenience with its range of stores and services.
The area is serviced by childcare centres, government and private primary and secondary schools, and many parks. Commuters can utilise Translink bus routes to Logan and the Brisbane CBD.
Photo of Park Ridge home for sale by Image Realty on realestate.com.au
Park Ridge Real Estate Market Snapshot
This locale offers a range of existing properties and new estate developments, with many homes buffered by beautiful bushland.
In Park Ridge, the median property price for a house is $790,000, with an annual capital growth of 12.86%. The rental yield for houses is 3.96%, with an average weekly rent of $600.
In Park Ridge South, the median property price for a house is currently $1,279,094, with an annual capital growth of 27.91%. The rental yield for houses is 3.58%, with an average weekly rent of $800.
