‘Perfect storm’ as Park Ridge and Logan Reserve hit top sales attracting buyers and investors
House sales in two Logan suburbs are experiencing the perfect storm with the region’s top sale price this year hitting $7.6 million, well above 2020 levels.
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House sales in two Logan suburbs are experiencing the perfect storm with the top sale price in the region this year hitting $7.6 million, well above 2020 levels.
A property at 562 Chambers Flat Rd, Logan Reserve fetched the top price of $7.6 million, in March, months after 308 Park Ridge Rd sold for $6.6 million, in September last year.
Third place went to 198 Bumstead Rd, Park Ridge, which sold for $5.5 million in the same month.
Ray White real estate principal Avi Khan, based in Marsden, said Logan Reserve and Park Ridge were attracting both first-home buyers and investors.
“These suburbs have done really well because they have a lot of newer houses on smaller blocks which has made them very affordable,” he said.
“It’s the perfect storm because these suburbs are attracting young people who want brand new homes but also want low maintenance.
“But both suburbs are also attracting investors who also want low maintenance and a new feel.
“Houses in both suburbs rent very quickly.”
Acreage blocks in other parts of Logan were also in great demand following the Covid pandemic and were selling quickly for top-dollar prices, Mr Khan said.
“Where these blocks used to take 60 days to sell, we are now turning them around in two weeks.”
The top sale for Ray White this month was at 15 Fiennes Rd, Logan Reserve, which sold under the hammer for $665,000 with eight registered bidders who were all active.
Ray White Marsden agent Jett Jones said she was expecting four registered bidders, but eight turned up to the airy and modern home.
“An owner occupier ended up buying it,” she said.
“He and his family have just moved down from Darwin.
“Auctions are absolutely the way to go because you get a completely transparent process with it. I choose the auction method regardless of how the market is going,” Ms Jones said.
$5.5m: PARK RIDGE
The property at 198 Bumstead Road, was sold on 18 September 2021 by Adam Sun to Qingjun Wu in an off-market transaction.
$3m SPRINGWOOD
This property at 190 Dennis Rd was sold by Julie Webber to Keisha Strudwick for $3 million in October 2021.
The scheduled open home inspections and auction were cancelled after this unique property, on more than 10 acres of bush land, was snapped up for a record price during the height of the pandemic boom.
While interstate purchasers pushed up house prices, this one was purchased by a local real estate agent.
The estate has two separate homes. The main A-frame house has a pitched roof, while the other property is a cabin that could cater to extended family.
Expansive al fresco decking surrounds a tranquil pool with a Bali hut, and there’s also an eclectic entertaining space with bar and a pool table beneath a psychedelic painted galaxy ceiling.
The house previously sold in 2008 for $1.5m and had since been renovated.
$3.9m LOGANLEA
This property at 7-9 Pimpala St, sold for $3.9m on May 24, 2022. Braith Garner sold the property through Josephine Garner, Atlantic Real Estate.
The property is 4014sq m and has three houses on three separate titles.
It was marketed as “suitable for subdivision or for three families”.
$2.05m SHAILER PARK
This property at 118 Boxer Ave, Shailer Park sold for $2.05 million on Jan 29, 2021.
The vendor was Marius Cristian Tufis who sold to Elham Asadi through Phillip Harrigan and Harrigan Property Group.
The dual-living luxury estate has two stunning homes on it, allowing the owners to rent out the second floor of one as a luxury three-bedroom apartment.
The property has stunning views given its hilly position, and comes with its own tennis court, home theatre, resort-style pool and loads of room for vehicles of all kinds.
$1.84m LOGAN VILLAGE
1142-1168 Stockleigh Road sold for $1.84 million in March 2022.
Vendors Peter Ford and Steven Brooks sold the property to Sonya Pearson and Darren Roberts through Ulises Vasquez and Crafted Property.
The resort-style residence on almost 9 acres has five bedrooms including a master suite, multiple living spaces, high-end fixtures and finishes, a sleek kitchen, a media room, kids retreat, an alfresco area with outdoor kitchen overlooking the pool, spa.
$1.76m DAISY HILL
5 Denton Court sold for $1.76 million in April 2021.
Vendor Christian Allcock sold through Nathan Strudwick and Luke van Wijk of Elders Shailer Park.
This near-new mansion on a 1200 sqm block set a new benchmark for the Logan suburb of Daisy Hill when it changed hands last year.
$1.6m JIMBOOMBA
61-65 Carron Place sold for $1.6miliion on May 31, 2022.
Conmus Enterprises Pty Ltd sold to Joss Kresina and Kyah Hardy through Simone Curtis from Moneybags Property.
On three acres, this ultra modern house has four bedrooms, an infinity pool with stunning views and built-in sun lounges, a huge shed and workshop, a home office or studio, a playground and a dog fence.
$1.42m WATERFORD WEST
97 Tygum Rd sold for $1.425 million in June 2021.
Benjamin Jones sold to Janelle and Karl Franklin through Glenn Hamilton of Ray White Beenleigh.
This sprawling property comprises three separate residences, each with three bedrooms and two bathrooms. It’s the perfect set-up for an extended family or to maximise rental income. In the main house, an all-white palette extends through spacious living spaces, which are tiled for practical family living. The kitchen has been renovated and has an island bench, and there’s a cinema room with outdoor access, which is ideal for the teens.
$1.405m: LOGAN RESERVE
88-92 Glen Road was sold on May 5, 2021.
Vendor Paul Hansen sold to Calis Koroglu through Klaus Erck of Lion Realty.
Pitched as an “outstanding development opportunity” with new estates springing up close by, this property had an existing house when it sold, with four bedrooms, a large living area, rumpus room, study and double garage.
Two neighbouring properties were also available for sale. It is back on the market for sale by EOI.
$1.01m MARSDEN
68 Macarthy Road, sold for $1.01 million on June 18, 2021.
Vendor Cong Son Thach and Sok Kim sold to Khonly Oeng through Sue Ye, Yong.
This 5647sq m acreage block has a six-bedroom house which was marketed as ideal for land bankers or future townhouse development potential.
There is also a shed, two car garage and two carports.
$942,000 BEENLEIGH
34 Gona St sold for $942,500 in March 2022.
Vendor Ian Robert Barber sold to Ashleigh Leith Afualo and Iose Junior Talavou through Trina Wilson and Sonia Deighton of LJ Hooker, Beenleigh
$780,000 YARRABILBA
Record breaker: 38 Arcadia Cct sold for $780,000 in May 2022. The property was sold by Alan Kuss of Ray White Marsden.
The tidy four-bedroom family home claimed top spot for the up-and-coming Logan neighbourhood.
A decorative timber front door opens onto a hallway which leads to the open-plan kitchen, living and dining area, while the media room with LED lighting, electric blind and feature shelving is another great space on offer.
The home has 9ft ceilings and an al fresco area with outdoor kitchen, overlooking well-maintained lawns and a cosy fire pit.
Storage has also been carefully considered in the design, with a butler’s pantry, walk-in linen press and built-in shelving among features.
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