A $200 million, 266-home master planned community dubbed ‘Somerset’ will be built at Park Ridge.
The project will be led by Ausbuild, one of the largest developers in the state – having built almost 9000 homes across 75 residential communities in south-east Queensland.
Mayor Jon Raven said 280 people move to Logan every week and the city was doing the “heavy lifting” when it came to meeting housing demand in Queensland.
“We are the youngest and fastest growing city in the state,” Cr Raven said.
“With our population expected to nearly double in the next 20 years, it’s crucial we keep working together to ease housing pressures.”
The company’s joint managing director, Matt Bell, said the estate would help the region meet its housing targets.
“Logan is ideally positioned to contribute to the Government’s housing goals, and we’re
proud to be part of this vital effort,” he said.
“At Ausbuild, we don’t just build homes, we build communities and we look forward to the positive impact Somerset will have on the region.”
Somerset is expected to generate more than 5000 local jobs over four years of construction, spanning civil works, building, fit outs and partnerships with commercial entities.
Stage One of the project, which includes the delivery of essential stormwater infrastucture, is scheduled to begin in September.
House and land packages at the site will start from $622,000, with the first 52 lots already released.
Ausbuild’s senior development manager, Aaron Delaney, said there was strong interest from prospective homebuyers, both locally and interstate.
“Logan is one of south-east Queensland’s most sought-after growth areas and it’s no surprise that eager buyers, particularly young families and investors, are showing strong interest,” he said.
“The affordability and strategic location of Somerset, with its proximity to both Brisbane and the Gold Coast, make it a highly attractive opportunity.”
Ausbuild said it would rehabilitate 1.76 hectares of existing bushland to “enhance local wildlife habitats and provide a tranquil space for residents”.
The community will have its own childcare centre and a brand-new state primary school (opening in Term One 2025) just 200 metres away.
A new shopping centre featuring a Woolworths is also under construction only 700m away at the Chambers Flat and Park Ridge Road intersection in Logan Reserve.
