Logan comments - Simon Pressley
Saw this opinion post from Simon Pressley about Logan -
http://www.propertyobserver.com.au/...il&utm_term=0_a523fbfccb-5ef998519b-245480429
Some comments from the observations include:
Demand for accommodation in Logan has been high based on its average annual population growth rate of 2.3% over the last decade - superior to the Australian average of 1.7%. This trend appears to be holding firm.
Other than a spike in building approvals in 2010-11, Logan?s housing supply has been consistent with population demand (I wonder what caused the spike in supply was due to - looks like quite a spike from the graph...).
What Logan lacks most is sufficient local jobs. An unemployment rate of 6.4% is significantly above Brisbane?s 5.1%. According to Census data, of the 300,667 population 123,619 are employed although only 72,745 of these jobs are within Logan themselves.
A largely blue-collar demographic, Logan?s biggest industries are:
Manufacturing ($4.9 billion output per annum),
Rental, hiring and real estate services ($2.4 billion),
Construction ($2.3 billion),
Retail ($1.1 billion), and
Wholesale trade ($1.1 billion).