QLD Killara at Logan Reserve or the rise at Park Ridge

Hi,

Currently looking at an ip in either Killara at Logan Reserve or the rise at Park Ridge. Has anyone bought there? The rise is at stage 7 so a fair bit has been developed there but killara is still in the early stages. Their both in the similar price range. Any input would be greatly appreciated.

Thanks

 

For a moment I thought there was a serial killer on the rise!

 

Lol nope just a guy looking at investments......

 

I don't know either well enough to have a preference one over the other, but they appear pretty much same for same. Both seem to have really small block sizes, both off Chambers Flat Road so would benefit from the same infrastructure. If it was a case of either/or only - would come down to other factors - covenants, soil tests, etc.

 

My partner & I brought our first investment property last year in the 1st stage of The Rise. It is doing very well. i don't know of the other Estate you are talking about

 

Hi, nothing wrong with Park Ridge since it is not categorized as over supply .
so @Dazako let us know which one that you end up getting.

 

QLD - Park Ridge QLD 4125 is now in the top 10 list of fastest growing suburbs in QLD !!!

 

yes, good choice for Park Ridge or the neighboring suburb Crestmead.

 

(I notice I'm a bit late here, seem to be following around @Tekoz today while he raises dead threads right in my zone! Hopefully still useful)

Both developers are at the very top of my recommendation list. They do things properly and price their land well. I'd probably pick Killara because the average land size is a bit bigger, but it really comes down to what's available at the time.

 

Apparently killara is villaworlds best performing development sales wise.

 

Land only is new to Villaworld. They've always offered a unique spec built house & land product, so it can't really be compared.

Even now, the only current land only they have available is in Thornlands and Logan Reserve (plus Arundel on the way).
Affinity and Waterline in Thornlands have been slow, they're both rather over-priced compared with Esperance and Majestic by Ausbuild, plus now the new Kinross Rd estate. It's different in Killara where they're well priced.

 

They also had a 400+ dev in mount cotton last year not sure if that's already finished.

 

Mt Cotton Village was actually the first development that we worked with them on, finished up in 2015. That product is much more typical of what they usually sell. We're a HUGE fan of their spec homes, they do a beautiful job and always well priced.

 

You can't go wrong with Park Ridge

 

I guess you never sold your Park Ridge property then Tekoz?

To be honest, I haven’t read any position information about the SEQ market from anyone OTHER than Choice Homes, which build new homes in the area, I follow them on Facebook and they are constantly hyping their own backyard.

Any other info supporting some positive movement in the area?

 

@Jess T no not yet, I'm still renting it out.
There is no need to sell for the time being

The only reason for it to appreciate is the number of people moving in to the new estate, which shows the asking price and buying price higher than it was before.