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%
Multiple votes are allowed.
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  1. gach2

    gach2 Well-Known Member

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    After years of doom of gloom seems like theres a light at the end of the tunnel

    Hopefully things continue. Not yet ready to sell (dont know what to replace it with and enjoying 8% hassle free returns)
     
    gach2, 16th Mar, 2021
    #121
  2. Closet

    Closet Well-Known Member

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    Middle of Logan strong but not explosive growth yet...
    Screenshot_20210317-080312_Chrome.jpg
     
    Closet, 17th Mar, 2021
    #122
  3. boganfromlogan

    boganfromlogan Well-Known Member

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    the suburb i watch has an identical curve, including a (5%?) softer period early in the pandemic
     
    boganfromlogan, 17th Mar, 2021
    #123
  4. Closet

    Closet Well-Known Member

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    Whilst they are selling fast and demand is high I haven't seen a lot of growth from the suburbs that are back from the M1. It will come when Loganholme and Tana Merah become unaffordable which will be pretty soon now that Rochedale South etc buyers have spilled over into these areas.
     
    Closet, 17th Mar, 2021
    #124
  5. Tom Rivera

    Tom Rivera Property Manager Business Member

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    Definitely agreed eastern side of the highway has gone crazy!

    I'd argue prices are still rising everywhere though, for example:
    - 4-Bed modern brick in Waterford West has gone up at least $50,000.
    - All the terrible cheap "fix me up" homes in less desirable are going for close to $300k when they recently would have barely had a "2" starting the price.

    However, I've had a couple of clients still picking up decent deals. Under $330k for a little 3/4 Bed lowset brick in a decent neighbourhood needing only minor work was a great score recently.
    Looks like you can still get a dirt cheap unit/townhouse every day of the week too, but with body corps of $800-$1200 a week there's a reason they're resisting growth...!
     
    Tom Rivera, 17th Mar, 2021
    #125
    craigc and boganfromlogan like this.
  6. boganfromlogan

    boganfromlogan Well-Known Member

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    Waterford West's time to shine!! excellent!
     
    boganfromlogan, 17th Mar, 2021
    #126
  7. boganfromlogan

    boganfromlogan Well-Known Member

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    boganfromlogan, 18th Mar, 2021
    #127
    Patrick Bateman likes this.
  8. thunderstrike888

    thunderstrike888 Well-Known Member

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    thunderstrike888, 18th Mar, 2021
    #128
    wilso8948 likes this.
  9. Patrick Bateman

    Patrick Bateman Well-Known Member

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    Patrick Bateman, 18th Mar, 2021
    #129
  10. boganfromlogan

    boganfromlogan Well-Known Member

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    Cameron Smith too !!

    I did notice the 'expert view' is not done for all suburbs so i think Loganlea must be special
     
    boganfromlogan, 18th Mar, 2021
    #130
    Patrick Bateman likes this.
  11. boganfromlogan

    boganfromlogan Well-Known Member

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    boganfromlogan, 18th Mar, 2021
    #131
    Patrick Bateman likes this.
  12. Coastal

    Coastal Well-Known Member

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    Coastal, 18th Mar, 2021
    #132
    thunderstrike888 and Patrick Bateman like this.
  13. boganfromlogan

    boganfromlogan Well-Known Member

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    Dreams are made in Crestmead :) .
     
    boganfromlogan, 18th Mar, 2021
    #133
    Coastal likes this.
  14. thunderstrike888

    thunderstrike888 Well-Known Member

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    Maybe. But its a good sign if it sells or not. Never in the past would a 3 bed in Crestmead even be near $400k. This is how hot the market is in Logan.

    Even is if sells for $380k+ we are making substantial gains. I bought a 3 bedder in Crestmead for $270k that is HEAPS nicer than that plus bigger land. Let the good times roll.
     
    thunderstrike888, 18th Mar, 2021
    #134
  15. Coastal

    Coastal Well-Known Member

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    These were selling about your price and just bit over $300k last year/2019/2018. $400k would mean a 30%+ Gain in 3 or so months.

    I'd say $320 to 330k

    I have had a few calls from this agency advising me that have buyers for my Marsden properties.
     
    Coastal, 18th Mar, 2021
    #135
  16. thunderstrike888

    thunderstrike888 Well-Known Member

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    I'd say more like $350k+ quite confidently. Most 4/2/2 that are in good condition with 550+sqm are fetching $400k+ easily now so that has definitely moved as well.

    In saying that though an agent advertising a property for $420k and accepting a $70k price reduction? I don't know about that. That would just make the agent look real real bad and portray he knows nothing about the area and is totally out of touch.

    Anyway lets see. It will be interesting I have bookmarked that house. Lets check again in several weeks. Dont forget all it takes is 3-4 homes to set the new norm of a suburb then the trend and comparable sales just follow. I'm praying this gets $380k+. Fingers crossed.
     
    thunderstrike888, 18th Mar, 2021
    #136
  17. Harveys

    Harveys Well-Known Member

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    Harveys, 18th Mar, 2021
    #137
  18. wilso8948

    wilso8948 Well-Known Member

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    I agree it will fetch mid-higher $3s. Prices really have started to move in that area. I own a 4/2/2 on 600m there and have just purchased another for a family member.
     
    wilso8948, 19th Mar, 2021
    #138
  19. thunderstrike888

    thunderstrike888 Well-Known Member

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    Sydney
    You Beauty!!!

    51 Rachel Drive - $475k+ offers. Logan on fire people!!! These will all be over $500k soon. Very soon.

    I got one investment on the same street pretty much identical and picked it up for $345k. Giddy up baby!!!!

    This agent knows the area very very well also. He knows what he is doing.

    https://www.realestate.com.au/property-house-qld-crestmead-135803378

    Now, that 3 bedder on Wilkinson Drive above has a very very good chance of selling for close to $400k or over. Lovin it.
     
    thunderstrike888, 21st Mar, 2021
    #139
  20. Property Baron

    Property Baron Well-Known Member

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    What would this or similar properties currently rent for?
     
    Property Baron, 21st Mar, 2021
    #140
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