Over the last year, property investments in Loganlea, 4131 have given investors a capital gain of -2.95%. This compares badly with the 0.78% for QLD as a whole.
Over the longer term, Loganlea has seen property prices show investors a 4.56% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Loganlea is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 131th in terms of most discounted suburbs in QLD
The QLD suburb of Loganlea, 4131 is in the Logan (C) local government area.
QLD has seen average median house prices change by -0.57% which means that Loganlea, 4131 has not done well for property investors by showing a capital gain of -2.75% over the last year
Comparing Loganlea,4131 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property buyers and investors in Loganlea 4131 should be seeing an average reduction in asking price of around -6.50% . This means that Loganlea is holding prices well when compared to other suburbs in QLD.
With the median price for a house in Loganlea being $230000 and the advertised rent reaching $325 the gross rental yield for property investors calculates out to be 7.35%
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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.