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I’m thinking of buying a townhouse in Logan area (Woodridge, Logan Central, Slacks Creek) around $130000. I don’t expect it to be cash positive but rather to have good capital grow. Comparing to Melbourne where I come from, there is still room for price grow. Anybody knows a good solicitor in that area. Any other thoughts about the area, current market and future trends?Thanks in advance,
jaja [8D]
Hi Jaja,
I have lived in the Logan area now for over 20 years, a good part of the time in Woodridge. I recently bought another house in the woodridge area to live in after being out of the area for 3 years.There has been good capital growth in the last 12 months, starting to slow now though. A good unit or townhouse can still be found in tne area for less than $130000 if you look hard enough. One thing that really annoys me is the way people knock the area and talk about gangs, low socio-economics, crime etc etc etc [
!], we don’t have much more trouble here than most areas of Brisbane, or Sydney, Melbourne etc for that matter.It is like any city, it has it’s good areas and it has it’s bad areas.To all those who hear the bad publicity don’t knock it on heresay.Over the years there has been some issues and mud sticks as they say.The area is growing and investors from down south have recognised this and have been buying property here like it is going out of fashion. I suppose i am prejudiced because i live here, but it is really not that bad.[]
Cheers
Tony
!], we don’t have much more trouble here than most areas of Brisbane, or Sydney, Melbourne etc for that matter.It is like any city, it has it’s good areas and it has it’s bad areas.To all those who hear the bad publicity don’t knock it on heresay.Over the years there has been some issues and mud sticks as they say.The area is growing and investors from down south have recognised this and have been buying property here like it is going out of fashion. I suppose i am prejudiced because i live here, but it is really not that bad.[
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