The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
ResidentialStaff WriterThu 26 Nov 15

Logan Market Set To Become Next SEQ Hotspot

1

The Logan property market is on the move, with vacant land sales for the first nine months of 2015 already outpacing total sales for 2014.

Property services agent Olive Hume said new research had revealed that vacant land sales had hit 947 by the end of September – a 33 per cent increase on the 704 recorded for the 12 months of 2014.

Oliver Hume predicts that the 2015 figure will reach circa 1,250 for the calendar year.

Oliver Hume Joint Managing Director Brinton Keath said investors in the South East Queensland market would welcome the news.

“The Logan market is often overlooked in development circles but it has quietly seen a strong and continuous upward curve in its total sales volumes,” he said.

“The 33 per cent increase on vacant land sales volumes of 2014 should almost equal the Logan market’s highest ever recorded sales year. This was in 2008 when vacant land sales reached 1,298 sales for the calendar year.

“The expected 2015 calendar year result is also 41 per cent stronger than the 10 year sales average for the Council Municipality which is 782 sales per annum.”

Mr Keath believed the recent improvement was due to the competitive pricing of most Logan estates against competitors within Ipswich and Brisbane City corridors.

“Buyers have spoken with their feet and we are now seeing Logan projects as viable competitors and as a residential address option,” he said.

“There are a number of major developments set to enter into the local marketplace which will show a strong variety of choice and improving level of quality estates.

“2016 is predicted as the year to well and truly break through this 1,298 record level.”

 

*Median and Average excludes 2015. 

*2015 = Preliminary; subject to revision as a number of sale contracts may not have reached settlement at time of data collection.

Source: OESR Regional Profile, complied by Oliver Hume Research.

ResidentialAustraliaReal EstateSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
First projects named in a statewide plan to fast-track supply, including thousands of homes in a major growth region…
LATEST
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
2 Min
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/logan-market-next-hotspot