The City of Logan has entered an era of unprecedented growth. That was the recurring theme of the inaugural investLogan boardroom lunch that featured presentations from the Director of leading property research firm Resolution Research Diana Howes and Minter Ellison partner Bryce Melville.
Projections extending to 2036 have shown that the City of Logan’s population growth is set to outperform Brisbane, Moreton Bay and Redland Bay – coming second only to Ipswich. Median house prices in Logan have increased by 4.2% (*), exceeding the five year average of 3.6%. The influx of new residents is expected to place demand on the region for more than 2900 new dwellings per annum, forcing developers to consider infill opportunities alongside existing greenfield developments in Jimboomba and Yarrabilba.
Ms Howes suggested housing affordability and economic growth driven by the manufacturing and small business sectors was behind the City of Logan’s surge in momentum.
“Well-priced, affordable industrial land is likely to drive continued growth in manufacturing,” Ms Howes said.
“The City of Logan’s proximity to Brisbane and the Gold Coast, combined with housing affordability will be a key factor underpinning growth in small business moving forward.”
“Demand for health and social services continues to grow creating compelling investment and development opportunities considered unmatched in South-East Queensland,” she said.
The City of Logan offers a range of development opportunities focused around the key centres of Beenleigh, Meadowbrook, Springwood and Logan Central.
*12 months to March