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7 Kraatz Avenue
Loganlea QLD 4131

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3981m2
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3,981m2 DA Approved 19 Townhouses & Holding Income!

Investment Opportunity Highlights:
• Current Development Approval for 19 Townhouses - Comprising 13 lots with 3-bedroom, 2-bathroom, 2 Car accommodation, and 6 lots featuring 4-bedroom, 2-bathroom layouts, also with 2-car accommodation.
• The lot covers 3,981 m² with a rectangular shape and approximately 39.5 m of frontage along Kraatz Avenue
• The property includes strong holding income with a 3-bedroom brick and tile home, currently leased until November 2024. The tenant has expressed willingness to extend the lease on a month-to-month basis thereafter.
• The land is clear of significant vegetation, ensuring a smooth and straightforward development process.
• The property is part of the Urban Footprint of South-East Queensland (SEQ), further underscoring its prime suitability
• A comprehensive development pack has been prepared and is available upon request for interested parties. This pack includes all relevant approval plans, reports, and planning documentation, providing a thorough overview of the development's scope and potential.
Location:
This exceptional development opportunity is located in Loganlea, within Logan City-Queensland's fastest-growing Local Government Area, poised to reach a population of 553,000 by 2024. With high demand for housing and infrastructure in this booming region, developers can capitalize on the immense growth potential.
The site is ideally situated just 800 meters from the expanding Logan Hospital, benefiting from a $540 million upgrade, further boosting the area's appeal. Additionally, the Loganlea train station, only 450 meters away, offers express services to Brisbane's CBD, ensuring strong future demand from both residents and investors. This is a prime opportunity to secure a foothold in a high-growth, high-demand location.
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Property Details for 7 Kraatz Ave, Loganlea

Building Type
Land
Land Size
3981m2

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About Loganlea 4131

The size of Loganlea is approximately 5.6 square kilometres. It has 19 parks covering nearly 4.2% of total area. The population of Loganlea in 2011 was 6,172 people. By 2016 the population was 7,311 showing a population growth of 18.5% in the area during that time. The predominant age group in Loganlea is 20-29 years. Households in Loganlea are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Loganlea work in a labourer occupation. In 2011, 46% of the homes in Loganlea were owner-occupied compared with 39.1% in 2016.

Loganlea has 3,775 properties. Over the last 5 years, Houses in Loganlea have seen a 91.56% increase in median value, while Units have seen a 124.44% increase. As at 31 October 2024:

  • The median value for Houses in Loganlea is $697,128 while the median value for Units is $582,664.
  • Houses have a median rent of $510 while Units have a median rent of $480.
There are currently 25 properties listed for sale, and 12 properties listed for rent in Loganlea on OnTheHouse. According to CoreLogic's data, 158 properties were sold in the past 12 months in Loganlea.

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