Recent ABS figures show that Logan City is booming in terms of population, with over 300,000 people expected to be residing there within the next three years.
The figures also indicate that one of the drivers is the tracts of land available and approved for acreage sales.
‘We have been developing in Logan for over 35 years and now have placed 4,500 homes in the city,’ said QM Properties Sales Manager Damien Ross.
‘Logan was a shire with no real CBD when we commenced with Tanah Merah’ he said ‘now it’s a thriving multi-cultural community that is very popular with growing families.’
‘In fact over all our portfolios of 25 residential estates in Queensland, Jimboomba Woods is the best performing development’ said Damien.
The buyers’ profiles are changing as the area grows from primarily Logan residents to more buyers from Brisbane and the Gold Coast.
This year 49% of the buyers hailed from other parts of Logan, 16% from Brisbane and 10% from the Gold Coast as well as 9% from interstate.
The shift is also reflected in of the large style of houses that families are building in Logan. The quality and size of the homes has also altered greatly from 35 years ago, according to Damien.
‘Now many buyers are relocating from suburbs like Calamvale, Browns Plains and Parkinson, which are the same distance from Brisbane CBD as Jimboomba’ he said ‘ so people are deciding that if they are going to live outside the inner circle of the city, they might as well have the luxury of an acreage environment.’
Homes here tend to be over 500 square metres in size, with at least one double garage and plenty of room for leisure activities like boats, jet-skis, trailers and camping vehicles.
River Oaks, QM’s latest offering set on the beautiful Logan River is a premium estate and since its release in September 2015 has proven popular with buyers.
As with Jimboomba, the houses planned at River Oaks are for second home buyer upgraders with the appropriate level of quality for a premium river front development.
The land is high, undulating blocks set on the river with a greenspace park and landscaped buffer zone.
‘Families love the canoeing, fishing and boating as well as bushwalking along the river’ said Damien
‘It is rich in native flora and fauna including excellent fishing for bass, bream, flathead and sea mullet.’
The demographic change in Logan has also altered from investors to owner-occupiers. QM Properties sales figures indicate that 2015 has seen the type of buyer change to 33% first home buyers, 62% owner/ occupiers and 3% investors.
Over the next two years QM will release the final 250 lots in Jimboomba Woods, bringing an additional 600 residents into the growing city.