QLD has seen average median house prices change by 2.40% which means that Loganlea, 4131 has done well for property investors by showing a capital gain of 7.28% over the last year
Loganlea,4131 was ranked 1031 in Australia by increase in median property value over the quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.21% offered to property buyers. Sellers in Loganlea itself are offering an average vendor discount of -4.41% to real estate investors.
In the last year 123 properties changed hands in Loganlea, which puts it as the 182th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $365 mark per week – giving a return of 5.26% based on the median price in Suburb
If you compare the increase in value of investment property in Loganlea, 4131 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 38.96%.
When looking at the potential capital gains offered to property investors over the last 3 years, Loganlea comes in at number 316th in QLD.
Sellers are offering property buyers an average discount of -4.86% to buyers in Loganlea at the moment, which is less than average for the rest of QLD.
Renters in Suburb are facing rents around $3840 per annum or $320 every week.
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.