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Logan City

Housing valuation

At June 2018, Logan City had a median house valuation of $425,637, $32,723 lower than the median house valuation for Queensland.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Housing Valuation System

Housing values
Logan City20182014Change
Housing value (at June)Logan CityQueenslandLogan City relative to QueenslandLogan CityQueenslandLogan City relative to Queensland2014 to 2018
House--------------
First Quartile$351,189$316,285+11.0%$296,299$316,236-6.3%+$54,890
Median$425,637$458,360-7.1%$365,631$418,290-12.6%+$60,006
Third Quartile$536,292$639,156-16.1%$453,824$543,256-16.5%+$82,468
Unit--------------
First Quartile$199,648$273,559-27.0%$188,570$262,692-28.2%+$11,078
Median$227,108$356,880-36.4%$232,169$328,583-29.3%-$5,061
Third Quartile$265,059$444,896-40.4%$271,763$408,410-33.5%-$6,704

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Queensland: $444,896 Median, Queensland: $356,880 First Quartile, Queensland: $273,559 Third Quartile, Queensland: $639,156 Median, Queensland: $458,360 First Quartile, Queensland: $316,285 Third Quartile, Logan City: $265,059 Median, Logan City: $227,108 First Quartile, Logan City: $199,648 Third Quartile, Logan City: $536,292 Median, Logan City: $425,637 First Quartile, Logan City: $351,189
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Queensland: $36,486 Median, Queensland: $28,297 First Quartile, Queensland: $10,867 Third Quartile, Queensland: $95,900 Median, Queensland: $40,070 First Quartile, Queensland: $49 Third Quartile, Logan City: $-6,704 Median, Logan City: $-5,061 First Quartile, Logan City: $11,078 Third Quartile, Logan City: $82,468 Median, Logan City: $60,006 First Quartile, Logan City: $54,890
Source: Hometrack 2014-2018, Housing Valuation System

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