Property value increases in Loganlea have tracked just higher than the QLD average of 2.38% over the last 12 months.
Over the longer term, Loganlea has seen property prices show investors a 27.35% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -6.00% to buyers in Loganlea at the moment, which is less than average for the rest of QLD.
Often selling an investment property can take time, and in Loganlea the average time real estate has been on the market is 91.98 days.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 4.71%, investors should hope to achieve an overall return of 5.03%
Loganlea, 4131 ranked 4th in QLD when comparing growth in median property values or capital gain over the last 12 months. Loganlea is one of 2415 in our list for QLD
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Loganlea has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -5.80% to buyers in Loganlea at the moment, which is less than average for the rest of QLD.
In the last year 81 properties changed hands in Loganlea, which puts it as the 124th most active market in QLD when comparing the number of sales per suburb.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.57%, without taking into account capital value appreciation, which has been averaging out at 11.38%.
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.