QLD LOGAN 2021

Discussion in 'Where to Buy' started by balotelli14, 16th Feb, 2021.

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Best surbubs in Logan Council ?

  1. acacia ridge

    21 vote(s)
    12.5%

  2. Crestmead

    40 vote(s)
    23.8%

  3. Rochedale South

    57 vote(s)
    33.9%

  4. Springwood

    30 vote(s)
    17.9%

  5. Daisy Hill

    27 vote(s)
    16.1%

  6. Shailer Park

    11 vote(s)
    6.5%

  7. Woodridge

    24 vote(s)
    14.3%
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  1. Truly Exotic

    Truly Exotic Well-Known Member

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    Definitely not premium to me:)
    But prices for same spec/condition properties are far higher, and a few agents I've spoken to do say that about their tenants too:p
     
    Truly Exotic, 12th May, 2021
    #261
  2. boganfromlogan

    boganfromlogan Well-Known Member

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    Upper middle bogans?
     
    boganfromlogan, 12th May, 2021
    #262
    3rdEarl and Truly Exotic like this.
  3. thunderstrike888

    thunderstrike888 Well-Known Member

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    thunderstrike888, 14th May, 2021
    #263
  4. boganfromlogan

    boganfromlogan Well-Known Member

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    Often think that it is a good idea to have laundry in garage and a second bathroom in the house. Doesn't seem to have affected this house price.

    Reason this comes up is older properties can go from 1 bath to 2 baths if laundry is relocated into garage. Points against are it spoils the value of the house (internal laundry considered essential).

    If i do the laundry i like to do it near where i hang it (ie. in the garage!!).
     
    boganfromlogan, 14th May, 2021
    #264
  5. wilso8948

    wilso8948 Well-Known Member

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    https://www.realestate.com.au/sold/property-house-qld-crestmead-135903494
    https://www.realestate.com.au/sold/property-house-qld-crestmead-135774094
    https://www.realestate.com.au/sold/property-house-qld-crestmead-135803378
    https://www.realestate.com.au/sold/property-house-qld-crestmead-135245642
    https://www.realestate.com.au/sold/property-house-qld-crestmead-135617826
    https://www.realestate.com.au/sold/property-house-qld-crestmead-135631190
    https://www.realestate.com.au/sold/property-house-qld-crestmead-135904994
    https://www.realestate.com.au/sold/property-house-qld-crestmead-135613642

    ;):cool:
     
    wilso8948, 14th May, 2021
    #265
    thunderstrike888 likes this.
  6. boganfromlogan

    boganfromlogan Well-Known Member

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    Say no more!!
     
    boganfromlogan, 14th May, 2021
    #266
    wilso8948 likes this.
  7. boganfromlogan

    boganfromlogan Well-Known Member

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    Plenty of buyers out in Logan suburbs. Nearly all for PPOR. Some young families FHB?

    But not everywhere. ..... so the patchy story mentioned hy other posts is spot on
     
    boganfromlogan, 15th May, 2021
    #267
  8. DanielBrisbane

    DanielBrisbane New Member

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    Brisbane
    It's been great reading these comments. Thank you all for your helpful insights into Logan. I'm taking my first tentative steps into property investment and have decided that the Logan area looks right for me.

    I have a ready budget of around 400k, and would like to maximise yield as it's a pension fund to be used within next few years. Which areas would you look at for high occupancy and good yield with nice tenants. I'd hope capital growth is good, but selling is not part of the plan, income is.

    Thank you so much, Daniel
     
    DanielBrisbane, 17th May, 2021
    #268
    boganfromlogan, thunderstrike888 and yannpiot like this.
  9. thunderstrike888

    thunderstrike888 Well-Known Member

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    Logan is a good choice for a balanced approach of cashflow and capital growth. There are still places there that the rent will cover most if not all of your holding expenses. Prices are picking up though

    https://www.realestate.com.au/property-house-qld-crestmead-136282742

    This would be a sub $300k house at the start of Covid. Now it will get close to $350k. Percentage wise that is a massive increase.

    Some very strong results in Logan these days. Heck some places are getting expensive. FHBs will be priced out of some Logan suburbs soon.
     
    thunderstrike888, 17th May, 2021
    #269
  10. sauber

    sauber Well-Known Member

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    Get me down to funky town!
    I had someone call me yesterday about property investment in Logan yesterday with properties positively geared at $80-90pw. Does that sound about right???

    Sauber.
     
    sauber, 18th May, 2021
    #270
  11. boganfromlogan

    boganfromlogan Well-Known Member

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    Positive gearing is easy in Logan due to low interest rates. Be careful of spruikers. I know of a development selling like hot cakes based on positive gearing and a list of deductable items for tax. The package is seductive but the cost is quite high!!
     
    boganfromlogan, 18th May, 2021
    #271
    yannpiot, sauber and See Change like this.
  12. New Town

    New Town Well-Known Member

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    Daniel, buying your first IP there will be like learning karate by taking on a Samurai Warrior
     
    New Town, 18th May, 2021
    #272
  13. sauber

    sauber Well-Known Member

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    Get me down to funky town!
    Yeah this mob called fs group from Armadale were calling me to tell me about Logan. So I'm not sure....I think it was new properties...
     
    sauber, 18th May, 2021
    #273
  14. boganfromlogan

    boganfromlogan Well-Known Member

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    where is there? Do you mean the sprawling and diverse region encompassing rural lifestyle properties, family suburbs AND bogan friendly patches. Or do you mean you have a childhood memory of the boogie monster from the forests of a dark place called Logan that you don't even know where it starts and stops?
     
    boganfromlogan, 18th May, 2021
    #274
  15. Harveys

    Harveys Well-Known Member

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    Harveys, 18th May, 2021
    #275
  16. Sydlad

    Sydlad Well-Known Member

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    Sydlad, 18th May, 2021
    #276
  17. thunderstrike888

    thunderstrike888 Well-Known Member

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    thunderstrike888, 18th May, 2021
    #277
  18. Harveys

    Harveys Well-Known Member

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    If the first one goes for over 379 it’s great for the local market. It’s as basic a build you can get in the suburb, located in the less desirable part, one house away from the train tracks.

    Last sold 2016 308k and 307k in 2008. It wouldn’t have been worth more than that leading into Covid.

    I noticed the second one as well, it’s a stretch to say the least, 600k still buys you a lot of house in Eden’s Landing.

    https://www.realestate.com.au/sold/property-house-qld-edens+landing-135568190
     
    Last edited: 19th May, 2021
    Harveys, 19th May, 2021
    #278
  19. Sydlad

    Sydlad Well-Known Member

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    Yeah with the second one they've converted the garage and called it a granny flat lol

    The first one, if it goes 400 or north bodes well given as you say its in the less desirable part of Edens Landing and its a basic build
     
    Sydlad, 19th May, 2021
    #279
  20. boganfromlogan

    boganfromlogan Well-Known Member

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    good land though
     
    boganfromlogan, 19th May, 2021
    #280
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