QLD Logan hot spots! Insider knowledge

Discussion in 'Where to Buy' started by magyar, 16th Mar, 2017.

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  1. Tom Rivera

    Tom Rivera Property Manager Business Member

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    It's had MASSIVE interest according to the REA ad and it's still listed. Something is weird about it. Has anyone been able to get in touch with the agent yet?
     
  2. magyar

    magyar Well-Known Member

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    Sold for $349k , what was the listing? I think offers over $330?
     
  3. magyar

    magyar Well-Known Member

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  4. magyar

    magyar Well-Known Member

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  5. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    There are specific members on here who hate Western Sydney and Logan/Gold Coast in fact they hate everywhere more than 10km from any city and are so naive thinking people cant make money in outer ring suburbs. What a joke. We can ignore them in this thread.

    Here is some recent good news for Logan investors.
    - 80 million in private investment funding
    - hundreds of millions in government infra spend.
    - lowest unemployment in its history
    - Gross regional product of 11.243 billion (quite nice figures actually).
    - 900 new businesses
    - Over 314,000 in population growth. Now the 6th largest council in the entire of Australia. LOL

    Logan City Council’s annual report shines a light on a city realising its potential - Logan City Council

    No wonder I'm seeing houses in Shailer Park, Daisy Hill and a bunch of other suburbs fetch very very high prices.

    Giddy up!!
     
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  6. David Di Spio

    David Di Spio Member

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    Great advice - can you reccomend a good PM? Thanks
     
  7. Frank M

    Frank M Well-Known Member

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    im all ears on a good pm there also
     
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  8. My House QLD

    My House QLD Well-Known Member Business Member

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    27 Concorde Drive, Loganholme, Qld 4129 - Property Details Good purchase if you like motorway noise! (Very noisy there)
     
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  9. magyar

    magyar Well-Known Member

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    Yes plenty of noise around that area of loganhlme and the back end of tanahmerah. Prices usually reflect that. Usually about 50k cheaper on those surrounding streets. As an investment I don't believe it makes much difference when it comes to finding tenants ect. But as an oo I would avoid it that's for sure.
     
  10. David Shih

    David Shih Mortgage Broker Business Member

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    Speaking of noise, it reminds me of this place in Sydney:
    https://www.realestate.com.au/property/1190a-pacific-hwy-pymble-nsw-2073

    Sandwiched between Pacific Highway (which is a super busy road) and backed by North Shore train line, it's really a double whammy of noise from living perspective! Hard to get in and hard to get out too and on a descending slope. I thought to myself what a terrible place to live when I was inspecting it.

    BUT! Have a look at the sold price...sold in 2010 for $720K, Feb 2015 for $1.6M, and Sept 2015 for $3.5M! It was bought out by developers at 2015 and now fenced to build high rise apartments.

    I was considering buying this place back around 2013'ish for close to $800K. Looking back I'm now seriously kicking myself :(

    Cheers,
    David
     
  11. My House QLD

    My House QLD Well-Known Member Business Member

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    Sure, places on noisy roads that have development potential are a different story especially in Sydney :) Stock standard houses in Brisbane close to a (raised) motorway with normal residential zoning are nothing to get excited about.

    This one went to auction recently, only one bidder who was definitely an inexperienced buyer, kept bidding against himself went up about 60k from the opening vendor bid. Was lucky to sell for 290k.
    https://www.realestate.com.au/property/37-holder-st-loganholme-qld-4129
     
  12. Dave R

    Dave R Member

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    @Tom Rivera from Propertyworks has been brilliant for us. In addition he is very knowledgeable around the Logan area.
     
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  13. Frank M

    Frank M Well-Known Member

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    thanks dave
     
  14. Simon L

    Simon L Well-Known Member Business Member

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    It would need to be SIGNIFICANTLY cheap for me to consider investing next to a main road/motorway. When you say you would avoid it as an owner occupier, it pretty much sums up the sentiment that there will be zero emotional appeal for the property for when you sell one day, unless you drop your price significantly for most likely another investor to take the baton.
     
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  15. Simon L

    Simon L Well-Known Member Business Member

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    The ones that advertise as mortgagees or some other form of distressed nature are generally a waste of time as the buzzwords in the ads will bait plenty of naive investors looking to snag a bargain. The problem is then increased competition which usually means the property sells for market value anyway (sometimes even above!). Plenty of mortgagees are instructed by banks not to advertise as such, and likewise with distressed situations. Agents are also often supposedly not allowed to disclose this info if asked by potential buyers either - keyword being 'supposedly' ;)
     
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  16. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    Buying on a main road always has the misconception its always bad. This is not the case. If there is potential in the future for development or if it gets rezoned which usually happens closer/on main roads more frequently than a quite street its like winning a mini jackpot.

    imho main roads are ok and can be very good investment. A large multi-lane motorway - maybe not so good.
     
  17. TMNT

    TMNT Well-Known Member

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    Just paid my council rates for mine and realised that didn't or don't charge the 0.5% fee for using credit cards

    So unless I got lucky, no more fees ladies and gents!!!
     
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  18. JesseT

    JesseT Well-Known Member

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    Aren’t you 9 days early!!?
    I will try it out next week and report back.
     
  19. TMNT

    TMNT Well-Known Member

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    I'm super paranoid about forgetting the due dates.
    That's $20 loss for not. Being on top of it

    I pay as early as possible :)

    Logan city bills has always been the hardest to pay with minimal fees. Since they don't do PayPal, post ill pay and also have a counter fee if you pay at aust post
     
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  20. Happy 84

    Happy 84 Active Member

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    How are these area’s fairing now ? Crestmead Marsden regents park ?
     
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