Logan update

[SydLad]

Appears some of the rental focused suburbs starting to move over the last 6+ months

Some data from realestate.com.au attached as thumbnails (4 bdr detached)

Beenleigh up $335 to $360

Edens Landing up $352 to $385

Marsden up $329 to $340

Waterford $370 to $392

 

[Rixter]

Yep, that's what happens in the cycle..

Bit concerning tho if you're chasing short to mid term CG because you want the yields to be reducing not increasing.

 

[SydLad]

Yes cheapies gone and a lot of the west side of logan seemingly back at 2008 peak or slightly above.

Where do you think the current cycle will take these types of suburbs % growth wise.

I dont think it will run too hard

Waterford / Edens Landing / Beenleigh / Loganlea etc will probably end up around $450k median IMO

 

[Rixter]

If the underlying fundamentals have remained the same, have a look at the historic CG for area and that will give you an indication of what to expect.

 

[jerrybee]

Bit concerning tho if you're chasing short to mid term CG because you want the yields to be reducing not increasing.

Depends on how you calculate yield. Some people don't use the "right" approach of taking current market value.

 

[Rixter]

Depends on how you calculate yield. Some people don't use the "right" approach of taking current market value.

If rents are increasing it doesnt matter how it's calculated yield still is increasing.

 

[SydLad]

Yields in those example suburbs have actually been decreasing as prices rose over last 6+ months

Rents stagnant

 

[Rixter]

Yields in those example suburbs have actually been decreasing as prices rose over last 6+ months

Rents stagnant

Have you those graphics for the same period like with the rents?

 

[SydLad]

Thumbnail attached for edens landing