If you compare the increase in value of investment property in Loganlea, 4131 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -4.50%.
The five-year average increase in median property values for Loganlea,4131 has given property investors a potential capital gain of 21.53% across each of those five years.
At number 107th of QLD’s most discounted properties, Loganlea is in the bottom 20% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 6.83 sales per month, which equates to 82 per year.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.97%, without taking into account capital value appreciation, which has been averaging out at 2.16%.
Property value increases in Loganlea have tracked lower than the QLD average of -1.30% over the last 12 months.
If we look at median property appreciation over just the last three months, Loganlea has given property investors a paper return of -9.89%. This puts Suburb as 308 on a list of fastest fasting appreciating suburbs in QLD
The most recent median price for Loganlea is $214000, with sellers offering an average of -5.62% off the asking price.
Often selling an investment property can take time, and in Loganlea the average time real estate has been on the market is 115.421 days.
Situated 25.01km from the CBD, Loganlea is one of Logan (C) localities in the postcode 4131.
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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.
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.