Suburb Profile Report for Loganlea QLD (4131)

Loganlea House: Median price $376,750, Annual capital growth 2.16%, Number of sales 82, Weekly median advertised rent $360

Loganlea Unit: Median price $214,000, Annual capital growth -1.42%, Number of sales 29, Weekly median advertised rent $325

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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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.

YIP MAG Information supplied by:

YIP MAG
August 2015

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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.

Metrics i HOUSE UNIT
$376,750 $214,000
-0.86% -9.89%
-4.50% -13.71%
2.16% -1.42%
$360 $325
82 29
4.97% 7.90%
91.609375 115.421052631579

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Balanced (U)
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Demographics
Total population 6172
Median household income ($/weekly) 1069
Median age of persons 30
Median housing loan repayment ($/monthly) 1517
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 940 15.2
    25-34 years 962 15.6
    35-44 years 844 13.7
    45-54 years 719 11.6
    55-64 years 602 9.8
    Others 2105 34.1
    Age Group
    Census Count Percent(%)
    Not Married 2109 49.6
    Registered Married 1586 37.3
    Defacto Relationship 556 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4084 71.6
    Former Yugoslav Republic of Macedonia 62 1.1
    Papua New Guinea 511 9.0
    United Kingdom 220 3.9
    Other 415 7.3
    Others 413 7.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 124 2.3
    Christianity 3604 66.8
    Hinduism 42 0.8
    Islam 123 2.3
    No Religion 1458 27.0
    Others 47 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 209 11.9
    $600-$799 232 13.2
    $1,000-$1,249 184 10.5
    $1,250-$1,499 190 10.8
    $1,500-$1,999 257 14.6
    Others 685 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1632 37.6
    Employed, worked full-time 1553 35.8
    Employed, worked part-time 732 16.9
    Unemployed, looking for work 247 5.7
    Employed, away from work 171 3.9
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 402 16.4
    Community & personal service workers 295 12.0
    Clerical & administrative workers 386 15.7
    Machinery operators & drivers 320 13.0
    Labourers 381 15.5
    Others 673 27.4
    Occupation
    Census Count Percent(%)
    Pre-school 86 6.2
    Infants/Primary 541 39.0
    Secondary 366 26.4
    Technical or Further Educational Institution 182 13.1
    University or other Tertiary Institutions 169 12.2
    Others 44 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5113 88.4
    Semi-detached, row or terrace house, townhouse 639 11.1
    Flat, unit or apartment 26 0.4
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1030 52.7
    Being purchased 640 32.7
    Fully owned 281 14.4
    Other tenure type 4 0.2
    Tenure Type
Census 2011, ABS
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