New research recently released by leading property consultancy CoreLogic, reveals significant growth in land prices and sales volumes in the Logan City Council catchment over the most recent 12 months.
CFMG’s latest investmet opportunity, Middleton Park in Logan Reserve follows their recent acquisition nearby – Solander, Park Ridge. This growth corridor was identified as a target area for the CFMG team some 24 months ago due to the potential for increased sales volumes and price growth on the back of the release of both the Logan Reserve and Park Ridge Structure Plans by Logan City Council.
By targeting the catchment early and making successful ‘off market’ acquisitions, CFMG have been able to secure prime development sites in strong growth areas experiencing strong demand.
The Logan Regional Radar released by CoreLogic and distributed by UDIA Queensland has confirmed the following data:
- Logan Land price growth is up 9.7% compared to the previous 12 month period; and
- Logan Land sales volumes are up 15% compared to the previous 12 month period.
This data is further supported by on the job experience with CFMG at their nearby Solander project, with Stage 1 now close to sell out and the recent release of Stage 2.
CFMG’s Middleton Park project in Logan Reserve will be launched as a 150 lot residential community to further feed the demand for new residential land in the immediate area. The expected gross sales value of completed allotments at Middleton Park will be in excess of $30million.