Logan, Queensland, has emerged as a hotspot for property buyers, with homes in some suburbs selling in record time. According to recent data, Marsden is leading the charge, with properties being snapped up in just 18 days, well below the regional average. Crestmead, Browns Plains, Regents Park, and Waterford West are also witnessing high demand, with homes selling in under a month.
Interestingly, Logan’s appeal is growing among buyers who previously overlooked the area. Agents like Cory Boyd from Ray White Marsden AKG note a shift in buyer interest towards Logan, with many willing to undertake renovation projects to secure properties in the city. This trend reflects a broader pattern seen across the country, where affordability plays a significant role in driving property sales.
Rebecca Cuderman, also from Ray White Marsden AKG, highlights Marsden’s value proposition, particularly for buyers priced out of other suburbs. The city’s proximity to amenities like schools adds to its appeal, making it an attractive choice for owner-occupiers looking for affordable yet well-equipped homes.
PropTrack economist Angus Moore points out that Logan’s affordability is a key factor drawing buyers to the area. As interest rates rise and housing affordability declines in major cities, more buyers are turning to suburbs like Logan for viable real estate options. This shift reflects a broader trend where buyers are seeking value in more affordable regions.
Across regional Queensland, the property market also shows robust activity, with suburbs like Brinsmead in Cairns experiencing rapid sales. Cairns and Wide Bay regions have been standout performers, with properties selling quickly due to sustained buyer interest. The reduced inventory in regional areas post-pandemic has intensified competition among buyers, leading to faster sales and increased market activity.
On the Gold Coast, Nerang emerges as the fastest-selling suburb, with properties moving off the market in just over three weeks. This trend is mirrored in other Gold Coast suburbs like Maudsland and Pacific Pines, indicating a strong demand for property in the region. The PropTrack data underscores the dynamic nature of Queensland’s property market, with various suburbs experiencing accelerated sales in response to shifting buyer preferences.
Overall, the real estate landscape in Queensland reflects a broader trend of buyers seeking affordability and value in emerging property markets. Logan’s rise as a sought-after destination for property buyers underscores the evolving dynamics of the state’s real estate sector, where affordability and accessibility are driving factors shaping buyer behavior and market trends.
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