Logan continues to perform strongly, whilst other Brisbane suburbs experience a downturn!

What a whirlwind 2022 was for our local real estate market! With rising interest rates and the subsequent doom and gloom being touted in the media, you may be surprised to learn that our local property market bucked the trend, continuing to perform strongly.

Coming off a period of historically unprecedented growth (where local prices rapidly rose by over 40%), it was a natural progression to see a softening in the intensity of the market, which began around the middle of 2022. From that point, we returned to a more normal, stabilised market.

However, a report released in Mid-2022 by the Real Estate Institute of QLD stated that Logan’s property market has outstripped all other areas of Southeast Queensland in terms of property growth.

An in-depth analysis of the Brisbane property market by Canstar and Hotspotting also supported our personal findings with respect to the continued strength in our local market. The analysis showed that the decline in growth seen in the Brisbane market was not experienced by all suburbs, including the Logan region.

According to Hotspotting, “One of the stars of Queensland’s strong price growth during 2021 was Logan City, which has still enjoyed strong demand from buyers this year, especially given its location between the Gold Coast and Brisbane.

Two local suburbs have also been named in the Top 10 best suburbs to invest in Brisbane for 2023, Eagleby and Edens Landing.