Positioned as the urban link between Brisbane City and the Gold Coast, Logan City Local Government Area (LGA) is a thriving community experiencing rapid growth and development, appealing to buyers in search of affordable real estate and excellent infrastructure. With a lengthy list of noteworthy growth suburbs, Jimboomba is one of many reflecting the immense potential and appeal, with a stand-out long-term growth rate above the average of other Logan City suburbs.
Logan City’s market is primarily driven by its affordability, as stated by REIQ CEO Antonia Mercorella, with young families and first-home buyers capitalising on this opportunity.
Escalating property prices and scarcity of land in the neighbouring Gold Coast are also a contributing factor with an increase of residents migrating to the more affordable Logan City where land is south-east Queensland’s most affordable.
According to the February 2023 Quarterly Market Insights report by property service group Oliver Hume, land values in Logan have seen a significant increase of 28.4% over the year and 7.6% over the quarter, reaching slightly over $300,000. ALC’s Jimboomba lots have an average price of $280,500, highlighting the affordability of the suburb.
In 2019, land vacancy rates in Logan City postcodes were ranging between 2% and 3.5% and the majority of suburbs are now currently sitting under 1%. With a growing reputation, contemporary residential neighbourhoods, affordability and ease of access to neighbouring cities, it is easy to see why the area is quickly becoming a popular choice for residents and investors alike.
Since 2016, the population of Logan City has experienced consistent upward growth, attributed to the appeal of a reasonably affordable housing market, bolstered by the presence of robust job nodes and a well-developed infrastructure.
With the increasing interest in Logan City, Jimboomba presents an advantageous rental market, offering a range of opportunities for property owners and investors with a favourable income to rent ratio well below the 30% benchmark.
- Average Household Income Per Week: $2,127
- Median Weekly Rent: $395
- Income to rent ratio: 18.6%
The substantial investment in infrastructure stands as a pivotal driver behind the present and continued success of Logan City. With an impressive $18 billion allocated to publicly-funded infrastructure projects, the city is witnessing remarkable development. Noteworthy projects include the $2.1 billion Coomera Connector, enhancing the critical transport corridor, alongside a $540 million upgrade of Logan Hospital and ongoing progress on the $1.5 billion Crestmead Logistics Park, further contributing to the thriving landscape.
Here are a few key industry projects further enhancing the region:
Health and Medical Facilities
Jimboomba boasts an abundance of amenities, encompassing strong educational institutions, diverse shopping options, a variety of recreational facilities, and a growing health precinct.
Home to education for a variety of ages, Jimboomba supports kindergarten, early learning, and primary and secondary public and private schools including Jimboomba State School, Emmaus College, and Hills International College.
Jimboomba also ensures ample options for leisure and entertainment including a wide variety of sporting clubs, public parks, and more.
Positioned strategically between the bustling Brisbane CBD and the renowned Gold Coast, Logan City’s appeal stems from a powerful combination of factors including affordability, convenient road and rail connections, and close proximity to job nodes, playing a significant role in driving favourable capital growth, with Jimboomba as a standout suburb for property development and investment.
Interested in house and land packages in Jimboomba? Reach out to the ALC team today.