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City, ACT 2601 Review



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Justprop Team member

Justprop Team member

The Logan suburbs with the highest rental yields for houses are Logan Central (6.49 per cent), Kingston (6.19 per cent) and Woodridge (6.16 per cent). Suburbs like Kingston and Woodridge are under a half-hour drive to Brisbane, and suburbs like Eagleby and Beenleigh are just over a half-hour drive to the Gold Coast. According to OpenAgent’s data analyst Carson Teh, the Logan region is expected to grow significantly this 2020, driven by the increase in population as well as several enhancement projects. “The Queensland government expects the population in Logan to grow from 326,615 people in 2018 to 432,000 by 2031,” said Mr Teh. “Entry-level housing is always appealing, especially to interstate investors when they compare local house prices, NSW in particular, and see significant value long term,” Mr Piotto highlighted. “Rental returns are always going to be strong with the area located right in the middle of Brisbane and the Gold Coast, great public and private schooling, and the blue-collar industry within a 10-minute drive of these areas. “With the local and state government continuing to improve amenities, new water parks, Logan Metro Sports Centre and the Logan Entertainment Centre, it’s easy to see why families get a lot of bang for their buck so to speak.” For more details, visit: x Brisbane suburbs near CBD boast above 5.6% yields Latest insights from found that suburbs near the Brisbane city centre boast rental yields over 5.6 per cent.
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The Valuer-General’s 2020 Property Market Movement report shows the median price for residential land on the Gold Coast increased by 4.8 per cent over the past year to $355,000.  Clear Island Waters was the standout suburb with a 20.6 per cent increase to $820,000 Queensland’s State Valuation Service area manager Greg Crowley said the results showed the market was still positive for most areas of the Coast. “One of the stronger areas was Clear Island Waters which showed a 20.6 per cent increase in median value,” he said. “It shows the strong demand for waterfront properties.” While Advancetown (67.9 per cent increase) and Austinville (34.2 per cent) recorded huge jumps, Mr Crowley said there wasn’t enough properties measured for an accurate representation. “They’re not a good measure of the overall market,” he said. Mermaid Beach, Parkwood, Molendinar and Arundel all decreased in value while 18 suburbs recorded no change. “This just shows a small price correction,” he said. “For those that remained unchanged it shows the market is stable.” Valuations were last issued for the Gold Coast in 2018. The full report will be up at 9am at “This information will be used for local council ratings, state land tax and state land rental from June 20, 2020,” Mr Crowley said. BIGGEST WINNERS Advancetown, $1.175 million, 67.9 per cent increase (based on two properties) Austinville, $550,000, 34.2 per cent increase (based on one property) Clear Island Waters, $820,000, 20.6 per cent increase (based on 1072 properties) Currumbin Valley, $1.1 million, 18.3 per cent increase (based on 7 properties) BIGGEST LOSERS Mermaid Beach, $1.1 million, 4.4 per cent decrease (based on 1127 properties) Parkwood, $325,000, 4.4 per cent decrease (based on 2533 properties) Molendinar, $355,000, 4.3 per cent decrease (based on 1823 properties) Arundel, $335,000, 2.9 per cent decrease (based on 3017 properties) Source:x Gold Coast property: land valuations reveal winner... Gold Coast land valuations have jumped by almost five per cent across the city with one suburb soaring in value by more than 20 per cent.
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