7 Kraatz Avenue Loganlea, QLD 4131

This 3,981m2 property in the heart of the Loganlea Core Precinct is presently zoned low to medium density residential and could form the basis of a development application to build 2 to 4 storey apartments (STCA).

This an opportunity not to be missed with land in the Loganlea area becoming more sought after by small to medium sized developers, this one is sure to catch their eye fast.

Area Profile
The size of Loganlea is approximately 5 square kilometres. It has 7 parks covering nearly 2% of total area.

The population of Loganlea in 2006 was 5,278 people. By 2011 the population was 6,157 showing a population growth of 16% in the area during that time.

The predominant age group in Loganlea is 0-14 years.

Households in Loganlea are primarily couples with children and are likely to be repaying between $1800 - $2400 per month on mortgage repayments.

In general, people in Loganlea work in a non-specific occupation.

In 2006, 50.9% of the homes in Loganlea were owner-occupied compared with 46.3% in 2011.

Currently the median sales price of houses in the area is $407,500.

The following statistics apply to Houses in LOGANLEA*
Change in Median Price (5yrs) is 1.6%
Annual Change in Median Price (10yrs) is 5.4%
Median Asking Rent for LOGANLEA is $350 per week
Average Days on Market is 59 days

*Based on Suburb Scorecard updated monthly. Statistics based on Sep 2014.