QLD has seen average median house prices change by 12.16% which means that Loganlea, 4131 has done well for property investors by showing a capital gain of 12.79% over the last year
Taking the average capital gain, or increase in median house value, Loganlea,4131 has racked up an average of 12.79% over the period. This ranks it number 3649th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -5.19% to buyers in Loganlea at the moment, which is less than average for the rest of QLD.
Giving property investors a a stable capital gain of 11.63% for the last year, Loganlea, 4131 is the 514th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Loganlea comes in at number 330th in QLD.
Property investors looking for a bargain in Loganlea should be aiming for at least -2.43% off the asking price, which is the average vendor discount being achieved at the moment.
Loganlea is 55th on a list of best yielding suburbs for rents in QLD with a 7.10% return
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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.