What do Sonia Kruger, Wesley Enoch, Steven Bradbury, Dami Im, Catherine McNeil, and Darren Hayes all have in common?
They all come from Logan City, one of Australia’s fastest growing areas. A young area, with 30% of the population under the age of 30, Logan is also Queensland’s most multi-cultural city, with residents from over 210 different nationalities living side by side.
“Logan is an exciting place to be developing, it is such a vibrant area,” said QM Properties Sales Manager Damien Ross.
“We have been establishing communities in Logan for over 35 years,” he said. “We’ve developed over 4,500 homesites to the value of $1.85 billion in that time.”
Property analyst Michael Matusik predicted last year that Logan real estate was about to enter into the recovery phase.
Logan City has a strong population growth of 6,000 people per annum, which has resulted in increasing sales volume. The area is also a more affordable alternative to Brisbane’s Southern suburbs, Redlands, or Northern Gold Coast areas.
QM Properties has developed a long list of communities in the area, including Cedar Forest, Cedar Pocket, The Avenues on Fifth, Glenlogan Lakes, and Tanah Merah Heights.
Currently, they are developing Jimboomba Woods and Mahoney’s Pocket.
QM Properties have discovered some interesting statistics during their time in Logan that relate to neighbourhood loyalty, home ownership, and size. For example, over 61% of buyers in their Jimboomba Woods estate are upgrading from other parts of Logan.
“So that means that people who already live in Logan love it, and don’t want to live anywhere else,” Damien said.
The average home size at Jimboomba Woods is 273 square meters, based on the last 40 homes built.
“This is quite large for new homes,” said Damien, “and only 5% of buyers build a home under 200 square meters, so it is an area with a lot of big, high end homes.
“We are about to launch the newest stage of our prestigious waterside community, River Oaks, on the historic Logan River.”
“It will be QM Properties’ premium residential community in Logan City,” said Damien.
River Oaks is set amongst lightly wooded former dairy farms, with protected vegetation zones and over a kilometre of riverfront parklands.
The rich land was originally timbered with cedar, used by the settlers to build Brisbane’s distinctive wooden houses on stilts.
River Oaks stands on the land occupied by the renowned horse stud, Ardee. The larger acreage blocks at River Oaks are currently zoned to agist horses so that residents can follow in this fine equine tradition in Logan.
The River Oaks Estate is comprised of homesites ranging in size from 1700sqm to 3.5 hectares, with a handful of lots boasting attractive river views. Construction has commenced and the 25 blocks in Stage 3 will be available in the next few months.
River Oaks has the peace and quiet of acreage living with over 45% of the estate devoted to waterfront parkland for the community; however, it has all the infrastructure an established town—NBN, underground power, town water, and a sewage system.
“We have great faith in a bright future for Logan, and we expect a rapid take up for River Oaks as the top end residential precinct for the city’’ said Damien.