Loganlea is an average performer in QLD when comparing median price capital growth over the last year. Loganlea gave property investors a average capital gain figure when compared to the rest of the state, with 2.86%.
Comparing Loganlea,4131 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Loganlea is offering property investors an average of -7.31. This rate of discount on properties puts Suburb at number 465th in terms of most discounted suburbs in QLD
Often selling an investment property can take time, and in Loganlea the average time real estate has been on the market is 74.79 days.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 4.49%, investors should hope to achieve an overall return of 5.20%
When looking at the potential capital gains offered to property investors over the last 3 years, Loganlea comes in at number 237th in QLD.
Loganlea, 4131 is offering QLD ‘s 164th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.
At number 1117 in a list of fastest selling suburbs, Loganlea is in the bottom 30% of suburbs in Australia with an average of days on market 99.11 for properties listed there.
Advertised rents are around the $320 mark per week – giving a return of 5.57% based on the median price in Suburb
The Logan area is worth keeping an eye on as an affordable alternative to Brisbane’s inner ring suburbs that still provides excellent transport into the cityFull summary
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The Logan area is worth keeping an eye on as an affordable alternative to Brisbane’s inner ring suburbs that still provides excellent transport into the city.Close
The Loganlea SLA has also seen good population growth in recent years (9.5% between 2005 and 2009 according to ABS statistics) and this increased demand for property – combined with the size of land blocks in the area – has
created subdivision opportunities.
While you may not necessarily be looking to develop yourself, you may want to target house and land blocks that have subdivision potential in order to capitalise on the increasing demand for such properties amid growing demand for higher density living.
In terms of the area’s rental market, the suburb’s residential vacancy rate is at a healthy 2.29%, with Logan Hospital, Logan campus of Griffith University and Metropolitan South Institute of TAFE all providing a healthy tenant base.
Rental yield is very attractive at 6% thanks to its affordable median price of $320,000.