QLD Logan Logan Logan

Invest in Logan seems like a no brainer

The following areas :
Meadowbrook, Loganholme, Waterford West, Berrinba, Browns Plains, Bethania, Edens Landing.

According to Realestate.com. All has HIGH rental demand, yield all around 5.5%

Which area of those above do you think attract better tenant, has better potential capital gain?

Bethania, medium price 300k, with 5.9 % yield, seems still a good buy??

 

Logan is where all your dreams can come true

 

Seems like you already have strong ideas about the area. Are you just hoping everyone agrees?

Some people have done very well with Logan, people have done better in other areas and worse it yet other places.

If Logan ticks your boxes to meet your investing goals, go for it. If not look for something else.

 

I love logan. Can Sydney investors please go there and leave the bcc for the locals

 

In case anyone's interested, attached is a general suburb report from Residex on Logan Central. Looking at the sales history, there's been times when Logan has outperformed Brisbane in general, but there's also been periods of time when it has significantly underperformed greater Brisbane.

The rental yields in the area have always been good, but from a growth perspective it's fairly volatile.

My general observation is it's an area where you can do very well by timing the market, but this can also be a very risky strategy.

 

Good to throw in 1 or 2 Logan properties in your portfolio if you need to bump up your borrowing power.
For your info, I can borrow 500k more after I got 2 Logan properties.

 

There is another logan thread. Dont open anothee

Its pointless

 

Anyone remember when Logan was a property purchase nightmare wasteland ? I do, back in the 1980s when I lived in Brisbane, whole streets empty, maybe 1 or 2 houses with the lights on, properties dumped on unsuspecting out of state buyers, current affair programs used to do stories on it. Sounds like things might have changed a bit.

 

I have 2 here. Good primary school, close to major shops ( bunnings, aldi, woolies) Train Station, pool. High rental demand.

 

same to redfern!

 

Logan will go up along with everywhere else , but it's never going to do a Redfern .

Redfern is one suburb off the centre of Sydney . Logan isn't .

Cliff

 

How? What are the yields like?

 

I think you actually need to visit the area to understand that street by street the quality of houses and occupants can vary significantly.

 

what parts of Bethania are considered to be better?

 

Anybody purchase a house in Logan Central in the past couple of months? Heading over soon to buy.

 

hooray for logan!!!!

 

cheers Not many areas have that kind of yield of logan in SEQ, except Ipswich. But the mining downturn is not good for Ipswich area, whereas the tourism boom will help logan which is close to both GC and Brisbane.

As long as the yield is above 6%, it is still a good bet.

 

I'm not sure it'll help so much these days. From the banks perspective, cash flow neutral starts with a yield of about 9%-10%. This is probably cash flow positive for an investor, but the banks have a different way of looking at it.

 

@Sam Yue, I am hoping and praying you are right as I am waiting for my Logan properties to rise in value as well. Investors who bought 2 years ago have already seen good growth. My purchases were this year, I am not sure though that tourism will have a positive impact on Logan as its still a fair drive from GC, and GC has an abundance of accommodation. The general feedback I get from people who are not Logan fans are, high unemployment and many housing commission properties.

 

going to ruffle a few feathers here but if you bought this year and expect huge short term growth, then thats just a hope strategy, especially since you bought with the herd,

obviously if the area decides to continue going up above average for the mid term you have done well but the true experts would have bought at least 2 years ago