Image by: UserOrderinchaos, CC BY-SA 3.0 via Wikimedia Commons
Are you looking to make Logan Central your new home? Despite the negative stigma associated with Logan, new recreational facilities including multicultural food markets, an entertainment centre and nature reserves, along with huge government investment, have helped put the spotlight on Logan with investors and homeowners.
With easy proximity to Brisbane and the Gold Coast, affordable housing, and new investment, the Logan area is on the rise. It is quite an old area and is prone to flooding and cheap renovations, so before you settle on your new property, ensure you book a pre-purchase property inspection with Action Property Inspections. You’ll have all the information you need to decide if the Logan Central home you’re considering is the right one for you.
Life in Logan Central
For affordable living in a convenient location, Logan Central is an ideal place to find your dream home. Logan Central is the epicentre of Logan City itself. Here you’ll find the Logan City Council administration offices, the Logan Art Gallery, and the main public library. The suburb once formed part of Woodridge but now serves as the major activity centre, with many shops, local businesses, and restaurants.
Logan Central is also very multicultural with half of all 5945 residents hailing from countries other than Australia. It’s also quite a young area, with the average median age of 32 being 5 years below the national average. The city’s affordability and proximity to both Brisbane and the Gold Coast make it an ideal place for young families and commuters who need to travel for work. Woodridge Railway Station is also located within Logan Central, so this makes commuting so much easier.
Shiftchange, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons
A Snapshot of the Logan Central Property Market
The rising cost of housing across the country has affected property prices in the Logan region. Despite this, it does remain one of the most affordable suburbs in southeast Queensland. If you’re looking at buying a house, the median listing price is $595,000. This has changed 25.26% over the past year and 70% over the past two years. For units, the median unit listing price is $278,500, which is up 22.7% in the past 12 months.
Investors should also consider Logan Central. The median house rent is $480 per week, and the median rental yield is 4.19%. The median rent for a unit is $350 per week with a rental yield of 6.9%. Over the past 12 months, units have seen a 20.45% growth.
