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Home expo set to put focus on Park Ridge property

Park Ridge’s newest master planned community will mark its official launch by hosting the
first Carver’s Reach Home Expo on Saturday (10 August).

The Carver’s Reach Home Expo, proudly presented by Golden Gate Property, will provide
home buyers with an opportunity to meet Queensland’s leading builders, discuss finance
options with RAMS and see a range of landscaping solutions on display.

Since the Carver’s Reach pre-launch marketing campaign commenced, which coincided
with the start of construction in mid-June, nearly 30% of lots have been contracted, mainly to
local buyers. The Jarrah release, being the first 67 lot stage, includes homesites priced from
$203,000 and house and land packages from $398,800.

The Expo, which runs from 11.00am until 2.00pm, includes a range of family entertainment
and kids’ activities. Builders in attendance on the day include Metricon, Brighton Homes,
Bold, Coral Homes, Simonds and Porter Davis.

RAMS Finance will also be on hand to talk to home buyers about:
– Deposits & Repayments
– Building a home and how construction loans work
– Tips to improve your chances in getting a loan
– How the loan process works?

David Whiteman, Director of Development at Golden Gate Property, said the launch of their
Carver’s Reach estate was well timed given the change in sentiment towards property which
has been prevalent since the Federal election.

“There has been a renewed sense of positivity in the market over the last few weeks with
lower interest rates and a greater willingness for banks to lend money for quality property,”
he said.

Research undertaken by Oliver Hume, whom is running the Sales and Marketing for
Carver’s Reach, shows while the market has been subdued over the last 12 months, the
Logan land market remains one of the best long-term performers in south east Queensland.

Over the last five years the median lot price in Logan has increased 23.2%, including 4%
over the 12 months to the end of June this year. The average lot size in the region is
422sqm, with Carver’s Reach achieving an average of 440sqm.

Oliver Hume Queensland General Manager Matt Barr said Park Ridge had emerged as one
of the most popular suburbs for new residential development over recent years.
“Logan is one of the top performing markets in South East Queensland over the last few
years and Park Ridge is the hottest suburb in the city,” he said.

“We have had hundreds of enquires over the last few weeks since we turned the first sod
and would expect to continue a brisk rate of sales now, we are fully live.”

The first homesites are expected to settle in early 2020 with first residents due to move in
mid-2020.

The project is well connected to the local area, and the rest of south east Queensland with
easy access to the west via Mt Lindesay Highway, east via Chambers Flat Road, and north
via the Logan Motorway.

The Park Ridge area, which is inclusive of Boronia Heights, has a forecasted population of
29,987 by 2036 representing an increase of over 20,000 residents since the 2016 census.
Increasing the current population by 137% over a 20-year period.

Mr Whiteman said the masterplan for the site would have a range of features and amenities
including a corridor park, recreation park, childcare centre, and integrated passive recreation
opportunities within adjoining biodiversity areas.

“It is a true, multi-stage master planned community where we have the scope to be creative
in terms of the open space and connectivity with the local community,” he said.

 

 

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