QLD Logan Property 2017

Good news indeed.
A little disappointed that the busway is not really "extended" to Springwood at the same time. They are just going to close the current Eight Mile Plain busway entrance and then create another one further down M1. Would've be good to have a dedicated lane all the way to Springwood Bus Stop.

Pacific Motorway Upgrade: M1/M3/Gateway merge (Department of Transport and Main Roads)

 

I'm going to give her a go and see how it works out. If no good I'll move PM's.

 

Yeah I'm waiting and watching too for now.

 

Southern suburbs set to benefit from Comm Games fever - realestate.com.au

 

Logan real estate to take off in 2018! - I hope so might be able to retire just on my logan properties LOL

Logan poised for real estate boom this year - realestate.com.au

 

Moved my rent up $10 for an IP in Waterford West. First rental hike in 3 years!!

 

Interesting. Vacancy rates are at 5.1%?
Maybe your rents were well below the market?

 

What is causing high vacancy rates in Logan region despite good overall migration to QLD, lack of crazy new supply unlike inner city and Commonwealth Games not far away? Seems concerning.

 

Too much land. Heaps of southerners buying properties and then trying to rent them. Sooooo much supply it’s just amazing.

Oh and appartment tsunami is coming up soon. In da city.

 

Hahaha oops. Well my tenant and their family situation seemed like they would stay longer term...so why not, they signed on for another year

 

PM me for a good property manager in Logan.

 

Those areas of logan with higher owner occupier stats and less investors seem to be significantly less affected:


Also seems to translate into tighter market and upward pressure on prices as well

 

A vacancy rate of around 3 - 3.5% is considered to be very healthy. There are always going to be areas which are slightly higher and slightly less.

Showing 1 example then saying that the vacancy rate of Logan is very high is just naive and uneducated. If your a serious investor you would know that is a big misrepresentation and you clearly have no idea what you are talking about.

(i.e)
Loganholme 4129. Vacancy rate at 2.5% which is extremely low.
Heritage Park 4118. Vacancy rate at 2.5% as well
Tanah Merah 4128. 3.1%
Crestmead 4132 3.7%
Meadowbrook 4131 3.1%
Slacks Creek 3.3%
Edens Landing 3.8%

All healthy numbers and ZERO to be worried about. In fact Logan suburbs beat out a lot of the Brisbane suburbs. So much misinformation on these forums now its not even funny.

If you look at suburbs much much closer to Brisbane CBD they are the same whereby some are ok and some have higher vacancy rates.

Coorparoo 4151 = 3.4%
Camp Hill 4152 = 3.2%
Cannon Hill 4170 = 4%
Carina = 3.1%
Balmoral 4171 = 4.5%

 

Waterford West Draft Master Plan | Have Your Say Logan City

Logan Council have released draft Masterplan for a recreational centre to be built in Waterford West.
It’s a long way down the pipeline but good to see the council are motivated to improve the area and prepare for a larger population.

 

Hey guys, could someone please explain the strata title option for a 700m+ corner block in Logan. I'm looking at keeping the existing house and building another on the block and strata titling as we can't sub didivde. That would then give us the option of selling one if we wanted to. I know we would be then paying council rates on both properties but it's better value then a granny flat. Does anyone know how much the council and strata fees are? Also how would the bank value it once we finish the build?
Appreciate any advice guys.

Regards

 

Hi Guys..I`m looking forward to buy property in Loganlea preferably in the zoning area.
24 Valencia Street Loganlea Qld 4131 - House for Sale #126911638 - realestate.com.au
kindly give your thoughts on this one.
Regards
Moses

 

That's a damn impressive video......

They even used a damn drone!

 

Fantastic opportunity! I will call and make an offer on this today! Cheers!

 

The article shows an example of a Tenah Merah property. I believe that investing in high-end Logan suburbs just doesn't make sense as one could buy much closer to city for the similar amount. Think of Daisy Hill, Tenah Merah, Shailer Park etc. It is like buying in The Ponds in Sydney for the amount that could potentially buy something similar much closer.

 

It's not cheap though.. it's a normal price for the similar properties in that pocket (or rather a bit on higher side in fact).