Park Ridge’s newest masterplanned community has marked 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.
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The Expo 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.
David Whiteman, Director of Development at Golden Gate Property, said the launch of the Carver’s Reach project 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 masterplanned community where we have the scope to be creative in terms of the open space and connectivity with the local community,” he said.
Name: Carver’s Reach
Address: 140 Park Ridge Road, Park Ridge
Price: Homesites from $203,000 and Home & Land from $398,880
Size: First stage homesites available from 313-808sqm
Phone: 1800 514 883