Investing in Logan
- 18 July 2018
Equally close to the beautiful Gold Coast, the scenic Gold Coast Hinterland and the bustling Brisbane City, Logan is a unique region with growing investment potential. In fact, droves of Queenslanders have been making the move to Logan over the last several years and the trend shows no signs of slowing. Why then, has Logan become such a popular area to invest in?
Location, location, location
As our cities grow denser and become more difficult to find a home or investment property within, hundreds of thousands of Australians have been moving to satellite cities to build their homes. Logan is one such area that has experienced a boom in growth thanks to its proximity to the city, as well as its position close to the Pacific Motorway. Getting to and from Brisbane City from Logan is easier than ever before, with public transport routes dedicated to servicing the local area and road infrastructure having been heavily invested in by the Queensland Government. For those working in and around the city, Logan provides a unique opportunity to buy an affordable home or house and land package within easy commuting distance of Queensland’s capital.
Of course, building a lifestyle in an area outside a major city involves more than simply being able to get to work. Logan is an ideal location for working families thanks to the region’s health precinct (including Logan Hospital) and major retail centres such as Garden City just across the highway, Logan Hyperdome and several local malls. Furthermore, the area also boasts a world-class university campus and there are several others within commuting distance. Growing families, young working couples and even retirees will find all the amenities they could need in Logan, which makes it both an ideal area for investment, as well as for building the family home.
Investing for growth
With a large number of manufacturing and construction jobs within the vicinity, Logan is also an attractive employment destination. An expected population boom and continued investment within the area means that employment opportunities are expected to rise, and the region will see yet more families relocate to take advantage of this.
Of course, when it comes to building investment property, it’s important to understand what your goals are. For those wishing to rent out their property, catering to families is key to an attractive rental property. This is especially true in Logan, where couples with children make up much of the rental market. However, when it comes to building a new home, finding suitable land within the Brisbane City area is next to impossible. And yet, just 20km down the highway, investors will find new blocks of land to suit substantial family homes. Furthermore, Logan’s housing is much more affordable than other outer-city regions, making it a much easier market to gain entry to.
The Logan LGA (local government area) is home to quite a number of suburbs and, needless to say, each of these represents different investment potential. A common theme that runs throughout the region though, is larger housing sizes. A far cry from the city’s one, two, and three-bedroom apartments, the Logan area is replete with larger blocks with established three and four-bedroom stand-alone homes. Those who aren’t familiar with Logan might be surprised to learn that the area even boats several acreage-laden areas home to hobby farms, horse stables and more.
Investing in Logan offers the opportunity to take advantage of the growing job market within the region, and the large number of working families within the area. One of the fastest growing locations within the larger Logan LGA is Logan Reserve. Nestled between the older neighbourhoods of Marsden and Browns Plains and the acreage of Park Ridge and Chambers Flat, Logan Reserve has proximity to all of Logan’s amenities while enjoying the bushland of its semi-rural surrounds. This parcel of land also poses great opportunity for families within the area, thanks to employment growth that is higher than that of the larger Logan region.
Within the Logan Reserve catchment lies Killara, a new housing estate attracting investors and first home buyers alike, from all over Queensland. Killara is a purpose-built community, with a focus on healthy living. Featuring both active and passive parkland areas, the community caters equally to families, young couples and retirees. Adventure trails, bike tracks and interactive play areas make it an ideal space to bring up a family and enjoy an active outdoor lifestyle. With blocks selling from just $187,000 Killara is an affordable location for a new home build. In fact, new and near-new homes within Logan Reserve have traditionally fetched between 4% and 13% higher rental prices than the more established homes within the area. Logan Reserve has shown considerable growth in new housing, as well as in rental prices, over the last several years and continues to show strong investment potential.
For those wishing to invest in property in South East Queensland, Logan Reserve offers a unique opportunity for growth. To find out more about investing in a new home in Logan, contact our property consultants today.