News Corp Australia Network
Ray White Real Estate agent Perry Edmondson-Clark Picture supplied by Ray White
SEASONED interstate investor Perry Edmonson-Clark has secured his slice of Logan hot property after snapping up a Beenleigh unit.
After searching high and low for a suitable property that was close to amenities he was finally able to secure the keys of a two-bedroom, one-bathroom unit at 3/20-26 Hammel St, Beenleigh for $290,000.
“The goal for me was to find somewhere I knew had double digit capital growth,” Mr Edmonson-Clark said.
“This property is half way between Brisbane and the Gold Coast, that was the main thing that made me look at it. If the land value doubles in ten years that would be fantastic.
“Purchasing a home in Beenleigh would equate to a deposit in Sydney. When your purchase price and capital growth is strong, it makes a better market to invest in.”
Mr Edmonson-Clark said he felt investors can get caught up trying to find a finished property.
“What I think can happen is investors want to get the prettiest looking property,” he said.
“You need to do your research, there are plenty of good buys out there with lots of potential.”
Principal of Ray White AKG, Avi Khan
Principal of Ray White Marsden Avi Khan said the Logan property market had a lot of time sensitive investors that were wanting to get in before Christmas.
“There are a lot of investors working with tight deadlines, it’s an affordable entry point,” Mr Khan said.
“Two thirds of our enquiries are investors, it’s a perfect time for sellers. The market is humming at the moment.
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“The Logan market is well set for growth. When you look at surrounding suburbs like Slacks Creek and Woodridge, it’s only a matter of time before we see the growth expand.”
Mr Khan said his best advice to investors wanting to break into the property market was to ignore the market patterns.
“Ignore the fact that rates are getting higher, the best time to get in the market is now. There is growth evert quarter,” he said.
“There is something in the market for everyone. Crystal ball gazing ultimately costs people more money and the market is showing no signs of slowing down in Logan.”
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- Source: https://www.realestate.com.au/news/beenleigh-unit-snapped-up-for-290000-as-investor-demand-surges/
