At number 2620th in the list of Australian suburbs ordered by increase in median house value over the last year, Loganlea, 4131 is in the BOTTOM 40% with a property value increase of 2.78% recorded in median house prices.
While Loganlea,4131 ranked number 460th in QLD for increase in median house value (annualised) increase, it is ranked 170th over the last 5 years.
Property buyers and investors in Loganlea 4131 should be seeing an average reduction in asking price of around -7.27% . This means that Loganlea is holding prices well when compared to other 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 92.26 days.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 4.12%, investors should hope to achieve an overall return of 4.92%
Property value increases in Loganlea have tracked higher than the QLD average of 0.74% over the last 12 months.
Taking the average capital gain, or increase in median house value, Loganlea,4131 has racked up an average of 10.34% over the period. This ranks it number 321th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -6.98% to buyers in Loganlea at the moment, which is less than average for the rest of QLD.
Loganlea is 187th on a list of best yielding suburbs for rents in QLD with a 5.28% return
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.