Queenslanders are experiencing the toughest property market in years with house prices soaring and a dire shortage of available land.
Logan City has become a battleground of bidding wars.
At present you can buy a three bedroom house in Logan Central for as little as $290,000.
A property with the same number of bedrooms in Kingston or Woodridge will set you back $295,000 on average and in Slacks Creek that type of home costs around $341,000.
Aus Property Professionals believes those suburbs and others such as Loganholme and Logan Reserve are still affordable.
Director Lloyd Edge has said the high demand for property is being driven by a number of factors.
“This is a time when a lot of first home buyers are getting into the market as well as “upsizers” – people who have previously bought homes but are now getting into their next level of home”.
According to Mr Edge interstate investors are also flocking to the region.
“We’re getting a lot of investors because people have seen a lot of really good value in the market over the years. Because there are good price points and the rental yield is quite high and that is something that’s really attracted interstate investors”.
