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 5.71%.
A 32.74% growth in median value for property investors in Loganlea,4131 puts this suburb at number 583th in terms of best performing suburbs in QLD
Vendor discounting in Loganlea is giving property investors an average Vendor Discount of around -7.50%. This puts suburb at number 280th in QLD when ranking the most discounted suburbs.
With the median price for a house in Loganlea being $370000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 5.06%
Giving property investors a a stable capital gain of 11.30% for the last year, Loganlea, 4131 is the 381th highest performer in Australia in this respect.
Loganlea,4131 was ranked 720 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -7.05% to buyers in Loganlea at the moment, which is less than average for the rest of QLD.
Renters in Suburb are facing rents around $3900 per annum or $325 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.