Logan poised for real estate boom this year

first_imgThe Logan suburb of Holmview experienced a 13 per cent surge in property prices last year. AAP/Richard WalkerTHE Logan real estate market is expected to be one of southeast Queensland’s solid performers in 2018 with a property expert predicting buyers will be moving to the area in droves.Elder Shailer Park principal Nathan Strudwick said the Logan market proved to be steady, strong performer throughout 2017 immune from boom and bust speculative investing. He predicted the solid growth would continue in 2018. “We will continue to see buyers in the droves relocate to the area from interstate and intrastate,” Mr Strudwick said.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020According to property research company CoreLogic, Holmview saw the highest level of growth in the year to September with the median house price surging 13.5 per cent. This was followed by Bethania, up 10.8 per cent, and Windaroo, up 7.7 per cent. Mr Strudwick said buyers at the lower end of the market looking for a safe, secure investment with reliable growth in a desirable location were finding it in the Logan area.“Investors look for locations with high return and low entry costs,” he said. “Pockets of Logan offer this to interstate buyers and, as long as money continues to be cheap to borrow, we will see continued growth in investor inquiries.”CoreLogic data shows Kingston and Eagleby are Logan’s most affordable suburbs, with median house prices of $310,000, while both suburbs offered gross rental yields of 5.5 per cent.last_img

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