May 2024 – RE/MAX Revolution Rental Office
Rental Market Surges Across Suburbs in Logan City.
A recent analysis of rental statistics in Logan City has unveiled a significant surge in median rents across several suburbs, indicating a robust rental market in the region. As shown, all have experienced notable upticks in median rents for four-bedroom houses over the past twelve months, according to data provided by our rental team here at RE/MAX Revolution.
- In Shailer Park, the median rent for a four-bedroom house has soared to $675 per week, marking an impressive increase of 8.9% compared to the previous year. Similarly, Loganholme witnessed a steady rise of 2.6%, with the median rent now standing at $590 per week. Tanah Merah and Daisy Hill both recorded median rents of $660 and $690 per week, respectively, indicating an upward trend of 6.5% and 6.2%.
- Cornubia has seen one of the most substantial increases in median rents, with a staggering 18.2% rise over the past twelve months, bringing the median rent for a four-bedroom house to $780 per week. Yarrabilba, a burgeoning suburb in Logan City, experienced a notable surge of 10%, with the median rent reaching $550 per week.
- Pimpama, Holmview, Beenleigh, and Eagleby have also witnessed significant upticks in median rents, ranging from 4.1% to 13.5%. Pimpama, with a median rent of $665 per week, saw a rise of 5.6%, while Holmview and Beenleigh recorded increases of 9.4% and 4.1%, respectively, with median rents standing at $580 and $570 per week. Eagleby saw the highest percentage increase, with median rents now at $590 per week, reflecting a substantial surge of 13.5%.
The surge in rental prices across these suburbs underscores the increasing demand for rental properties in Logan City, driven by factors such as population growth, employment opportunities, and lifestyle preferences. As the rental market continues to thrive, tenants and landlords alike are advised to stay abreast of these trends to make informed decisions regarding rental agreements and investments in the region.