Just 30 minutes from Brisbane, Logan blends big city advantages with lush urban bushland, recreational activities and a multicultural dining scene. For investors, the region is set for massive expansion. It’s at the centre of a $134 billion government investment in South East Queensland.
Logan is projected to be one of the fastest-growing cities in Queensland.
Soaring population growth
As of 2019, Logan is home to 334,358 residents. The city is divided into 12 divisions, with 70 suburbs and 70 per cent of rural and semi-rural land for conservation. With 53,000 jobs projected, population growth is set to soar to 521,749 by 2036. Infrastructure investment of $18.9 million is in the pipeline to cater for booming population growth.
With new infrastructure in the works, Logan is at the forefront of the growing workforce in South East Queensland.
Employment on the rise
Existing industries in Logan include construction, manufacturing and real estate services, among 19,500 businesses. The economy has a gross regional product of $12.58 billion and 115,387 jobs. On top of this, health care, technical services and public administration industries are rapidly emerging. With new infrastructure in the works, Logan is at the forefront of a growing workforce in South East Queensland.
Logan is in a fantastic location with great access to three major arterial networks.
Exciting infrastructure underway
Currently, Logan benefits from fantastic transport links including access to three major arterial networks, two international airports, freight rail and the Brisbane-Sydney passenger rail line.
Logan Hospital has 2,000 employees and is now undergoing a $145 million expansion. A second private hospital is proposed for Beenleigh. Then, there’s the Yatala Industrial Hub, which is the largest zoned industrial land in SEQ, with capacity for 40,000 workers.
Moving into the future, the new satellite city in Yarrabilba is set to house 45,000 people, along with 11 schools, large regional parks and town centres. For recreation, the Kingston Butter Factory is receiving a $16.1 million transformation as a world-class performing arts and cultural precinct.
Strong projected capital growth
Park Ridge has a projected capital growth of 10% per annum over the next five years.
One suburb that’s particularly surrounded by employment hubs is Park Ridge, located near Logan City, Springfield, Eight Mile Plains, Yatala and Ipswich. Park Ridge has a projected growth of 10% per annum over the next five years. This is well above the Brisbane metropolitan area, which is at 4% over the same time. The Park Ridge Planning Scheme is in place, with a 25-year revitalisation target to include walkways, cycleways, sports and recreation facilities.
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Lifestyle opportunities
Along with new recreational facilities in the works, Logan boasts multicultural food markets, its own Entertainment Centre and numerous nature reserves. Families with kids are well catered for, with Darlington Parklands, Bayside Aqua Park and Kingston Park Raceway. Established bikeways and footpaths join around 931 parks across the greater area.
Lifestyle perks, combined with huge government investment in the City of Logan and South East Queensland in general, put Logan firmly in the investor spotlight.
Sources:
- Residex for capital growth, accessed July 2020, population
- Logan City Council Office of Economic Development