Crestmead continues to be one of the biggest up and coming industrial suburbs within the greater Brisbane region. Lot 18 Prosperity Place, Crestmead/Park Ridge is a part of a brand new sub-division that will be ready for occupation in early 2022. The developers are looking for pre-commitments from buyers and/or tenants with the flexibility to have some say in construction. Given the quality of the developers and their proposed build we expect this property to go quick in the current market.
Property Features:
The size of Park Ridge is approximately 16.8 square kilometres. It has 10 parks covering nearly 0.8% of total area. The population of Park Ridge in 2016 was 2503 people. By 2021 the population was 8455 showing a population growth of 237.8% in the area during that time. The predominant age group in Park Ridge is 20-29 years. Households in Park Ridge are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Park Ridge work in a machinery operators and drivers occupation.In 2021, 46.00% of the homes in Park Ridge were owner-occupied compared with 74.50% in 2016.
Park Ridge has 6,519 properties. Over the last 5 years, Houses in Park Ridge have seen a 108.63% increase in median value, while Units have seen a 148.03% increase. As at 31 December 2025:
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