If you have your heart set on buying a property in Logan, you’ll need to determine which suburbs are still affordable. There are plenty of properties in Logan, but where is your best bet to make your money work hard?
Logan has flood risk zones, so you should always consult flood zone maps before you complete a purchase. Also, complete a building inspection to detect structural damage or issues with plumbing and electrics.
But where should you buy? We've narrowed the Logan Property Market down to the three best options to make your money last.
Woodridge
Woodridge is on the up, with a 23.4% increase in house prices over the last year. Still, the median house price is just $605,000, which still represents excellent value for your money.
The area has a great reputation, is ideally suited to first-home buyers on a budget and is reliant on great public transport links. There are higher crime rates when compared to the rest of the city, but not at concerning levels.
Logan Central
Don't overlook Logan Central, it's another heavy growth area, but even with 12-month growth of 29%, the median house price is only $632,000. It's a great place to start your search.
There's a lot to love about Logan Central, it's more diverse than other neighbourhoods, is a popular investment spot, and has a strong sense of community. Most residents work outside the area, with the CBD just 25 kilometres away.
Greenbank
Greenbank is the only area on the list with negative growth over the last year. Though the loss is just -0.5%, it's a good time to take advantage of a great suburb. With a median house price of $845,000, there are cheaper areas, but resale value is worth considering. When the area bounces back, you might just be able to sell your place at a profit.
Greenbank boasts great schools and sprawling greenery, so if a rural suburb is on your must-have list, you'll find it in the aptly named Greenbank.
Know What You Want
Buying your first home is an exciting time, but it can be daunting with so many different factors to consider. Familiarising yourself with a first home buyers guide will help you avoid the most common mistakes, and hopefully, it will save you money too.
