Logan, QLD

Viewing 6 posts - 1 through 6 (of 6 total)

Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 14, 2011 - 9:40 pm
Just wondering if anyone’s looking at Logan at the moment. It seems that the market has contracted a fair bit. I was keen on the area 18 months ago and kept a close eye on the stock coming on the market. It now looks like those properties – particularly 2 bedroom townhouses, are being sold for $20k less than 18 months ago (this is Woodridge and Slacks Creek). The yield is still quite good – but can be quickly eroded by high body corp fees.
I’d be interested to hear others thoughts on the area. Particularly any of the BA’s on the forum.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
CoastalHolidayRentals
Participant
@coastalholidayrentals
Join Date: 2011
Post Count: 8
April 15, 2011 - 8:08 am
I think now is a great time to buy!
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 15, 2011 - 9:20 pm
Hi coastal
Thanks – any particular reason?
Anyone else out there currently looking at Logan?
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Andrew_A
Participant
@andrew_a
Join Date: 2003
Post Count: 392
April 21, 2011 - 7:35 am
Jamie,
I'm always looking
Due to the amount of enquiry I have been getting in the <350k and <300k price brackets from investors, often looking around Logan because they need the higher yield as well, I've just adjusted my fee structure as a trial to make it less expensive to hire a BA for these investors. Can't say it's a large trend yet but it's something that I have reacted to.
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 21, 2011 - 11:45 am
Hi Andrew
I was hoping you’d get amongst this thread:)
Have you got a few investors looking in the area at present? Have you also observed that the market in the sub $300k category has gone backwards over the last 18 months?
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Andrew_A
Participant
@andrew_a
Join Date: 2003
Post Count: 392
April 21, 2011 - 12:29 pm
Yes the market has been tough out in Logan.
Comparing to early 2010 when I was looking with a 300k budget for houses in Logan there is significantly more choice and higher yield around today, the higher yield coming mainly from lower prices.