Property Hot Spot in Logan’s Bethania
Strong interest in Logan over 50s communities has signalled growing demand from locals looking to capitalise on increased median house prices and downsize to a more affordable option.
Property research expert and Resolution Research Director Diana Howes said there was high demand for more affordable homes in the Logan region, as traditional house and land lots are selling at premium prices.
“With the median house price now sitting at $385,000, and likely to continue to escalate over the coming years, opportunities for quality, affordable home purchases are now becoming limited.
“Purchasing a home in Ingenia Lifestyle Bethania, selling from just $299,000, are a response to the undersupply of quality, affordable accommodation in Logan.
“Bethania in Logan is a retirement hot spot with the proximity to Brisbane and Gold Coast making it a popular and affordable location.
“Bethania is a peninsular suburb with one road in and one road out making it a unique location and ensuring land supply is finite,” Ms Howes said.
Housing demand throughout Logan City is currently escalating at unprecedented rates. This high level of demand is having an inflationary effect on housing values, with Logan City’s median house price recording the second highest rate of price growth over the past ten years throughout South East Queensland.
“Taking into consideration the comparative affordability of Ingenia Lifestyle Bethania and market conditions, now may well be an opportune time to consider making the move into a low-maintenance, hassle-free retirement environment like that on offer in Ingenia Lifestyle Bethania.”
“Importantly, when a market is demonstrating a lift in median values often this translates into a solid opportunity to sell out of the family home and realise equity to fund retirement,” explains Ms Howes.
Ingenia Lifestyle Bethania sets a new benchmark of quality affordable retirement living with the estate’s quality home designs, internal landscaping and layout and community facilities unmatched throughout greater Logan.
“The quality of housing at Ingenia Lifestyle Bethania is very well designed and one of the most innovative communities.
“If there ever was a time to consider downsizing and moving into Bethania, now is the time to take advantage of the equity in your home, live in a more affordable home and a quality location.
“Medium house prices are escalating rapidly and Ingenia Lifestyle Bethania is an excellent purchasing proposition.”
A total of nine homes were sold over two recent open days at Ingenia Communities-owned Ingenia Lifestyle Chambers Pines and Ingenia Lifestyle Bethania.
Brand new homes are available from just $210,000 at Chambers Pines and $299,000 at Bethania, with a variety of floorplans available.
The growing population in Logan has seen the local demand for affordable housing skyrocket, with estimates that more than a third of the Logan LGA population will be aged 50 or over by 2031.