With the COVID-19 pandemic causing disruption to most industries, property activity across Logan City has finished higher in 2020.
Chyerl Pridham, a local real estate agent and president of the Logan Regional Chamber of commerce, says the real estate market has been teeming with interest throughout most of 2020.
“At the start of the pandemic for about 12 weeks in March we saw a decrease in property growth, but since our borders were reopened, we’ve seen quite a significant increase in activity in our area, particularly in acreage properties,” she said. “I haven’t got enough land to sell for the amount of enquiries I have.”
Ms Prindham said most of the enquiries for the Logan City area have come from interstate, mainly New South Wales and Victoria.
“We’ve had a lot of enquiries from people who have flown up for the day, prior to Christmas…wanting to buy local property,” Ms Prindham said.
“Some were buying to have a Queensland address should an outbreak happen again, and they didn’t want to feel trapped. We’ve also had a lot of investment as well, because our market didn’t fall like some other areas did, it stayed quite buoyant, and while we haven’t seen an increase in price, we’ve seen an increase in activity, which is quite comforting.”
However, CoreLogic research director Tim Lawless said the gains haven’t been consistent across the country.
“We really have seen quite a bit of diversity across housing markets,” Mr Lawless said. “It’s really depending on how the economies of each city have panned out and how well they’ve kept a lid on the virus.”
