If you compare the increase in value of investment property in Loganlea, 4131 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.86%.
A 17.07% growth in median value for property investors in Loganlea,4131 puts this suburb at number 439th in terms of best performing suburbs in QLD
Property investors looking for a bargain in Loganlea should be aiming for at least -5.11% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Loganlea the average time real estate has been on the market is 70.1 days.
With the median price for a house in Loganlea being $360000 and the advertised rent reaching $357.5 the gross rental yield for property investors calculates out to be 5.16%
Loganlea, 4131 ranked 3rd 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
Loganlea,4131 has offered an average of 41.79% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Loganlea are currently offering property investors an average price cut of -5.67% below the asking price at the moment.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 11.34%, investors should hope to achieve an overall return of 5.84%
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.