The middle ground: Logan is booming
THINGS have all gone south – of Brisbane, that is.
According to new research, Logan – wedged between Brisbane and the Gold Coast – is in the throes of its biggest infrastructure investment boom.
In its Suburbs of Opportunity report, the local council’s property investment arm spruiks that $18.9 billion of publicly funded major infrastructure projects are under way in Logan.
“This unprecedented in- vestment in infrastructure will transform the city into a world-class region,” it states.
InvestLogan chairman Steve Greenwood said the effect of the massive infrastructure pipeline drawing investment to Logan would be game changing for the city.
“Logan is coming into its own as a city – record rates of investment and booming property prices are a testament to this fact,” he said.
“It’s been a steady build, a big change that’s slowly been bubbling to the surface during the past decade but only more recently has attracted a greater awareness.”
Mr Greenwood said the key drivers for the surge in investment had been the emerging communities of Yarrabilba and Greater Flagstone, which are destined to be home to almost 70,000 new dwellings.
He said there was also huge investment in transport infrastructure as well as industrial developments and the new report highlighted the changing perceptions about the city.
In the year to September 2018 the median house price in Logan grew by 2.9 per cent, nearly three times the growth rate of Brisbane.
“People are beginning to appreciate the affordability and quality of life offered by our beautiful city,” Mr Greenwood said.
“Businesses and individuals moving into Logan now will make the most of the city’s population boom, with the city projected to grow from 320,583 residents today to more than 380,000 by 2026 … it’s all coming together.”