Park Ridge is positioned on the Westside of Logan, conventionally located between 4 major roads and the Mount Lindsay Highway. Zoning over the last 5-8 years has rapidly changed, seeing more pockets zoned for Emerging Communities, multiple developments being released resulting in increased investor interest.
As the South East Queensland hotspots of Brisbane and the Gold Coast become harder to penetrate, Logan is quickly becoming the ‘place to watch’, where a mix of affordability, job growth, and infrastructure investment is underway.
Park Ridge has experienced 7.8% growth in population over the last 5 years, the area is currently sitting at 78% of owner-occupiers and 22% rentals. The area is made up mostly of families and young professionals, they are drawn to the affordability and also schools, parks, and modern facilities. Plans have been released to see a new Aldi and 3 story office building going in at Park Ridge Town Centre, read more here!
Investor Insight: Ensure you are looking at past and future land releases for Park Ridge particularly, the enemy of Capital Growth is supplied in demand, if the supply is sufficient or there is an oversupply you will see a temporary decrease or flat line in capital growth. It is especially important when following the traditional 'Buy and Hold' investment stratergy.