15 Packett Cres, Loganlea QLD 4131
15 Packett Cres, Loganlea QLD 4131
3-bed house on 636m² | renovated bathroom and roof | flood overlay noted | strong rental demand near hospital and station | established gardens with side access
This property offers a practical entry point into Loganlea’s detached housing market, with a land size that matches the suburb’s typical profile while the dwelling itself is generous for three bedrooms. The recent bathroom renovation and new roof reduce immediate maintenance concerns, and the established tropical gardens add character that many comparable houses lack. Its position near Loganlea Station, Logan Hospital, and Griffith University makes it particularly suited to investors seeking steady rental demand or first-home buyers wanting a livable house with scope to add value through cosmetic updates. The fully fenced block with side access also appeals to families needing yard space or those considering future extensions.
The flood overlay is the most significant factor to weigh, as it may influence insurance costs and lending appetite. The mixed condition—renovated in parts but still carrying a renovator’s label—suggests the price should reflect a property that is comfortable but not finished to a modern standard. The lack of verified orientation means solar performance is unconfirmed, and the discrepancy in floor size (189–215m²) could affect how you compare it to similar houses. Buyers should also consider that the current layout, with separate living and dining areas, may not suit those preferring open-plan living without modification.
|| Comparable Sales: 24 Packett Cres (renovated 3/2/2, 604m²) leased recently; 7 Packett Cres (637m²) off market | Property Price Band: $800,000–$900,000 | Value Drivers: land size, renovated bathroom and roof, flood overlay impact on buyer pool
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Packett Cres, Loganlea QLD 4131
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Loganlea, in Logan, Queensland, is a family-oriented market anchored by detached housing and a high renter share. Demand is led by couples with children and trades, clerical and community-service workers. Median house values range from $750,000 to $850,000, with 12.6–21.9% annual growth; units sit between $571,000 and $630,551, growing 16–38.1%. Houses sell in 18–43 days; rental yields are 3.7–4.16% for houses and 2.9–4.48% for units. Median rents are $550–$593 for houses and $500–$522 for units. Supply is thin: 24 rentals and 15 sales listings recently, with 90–156 house sales annually. A 19% population jump from 2016–2021 underpins demand, but most owners hold mortgages and local earnings sit well below Greater Brisbane’s median, capping affordability.
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PropCred Estimated Value
Comparable Sales: 24 Packett Cres (renovated 3/2/2, 604m²) leased recently; 7 Packett Cres (637m²) off market | Property Price Band: $800,000–$900,000 | Value Drivers: land size, renovated bathroom and roof, flood overlay impact on buyer pool
Bedrooms
3
Bathroom
1
Parking
1
Land
636m²
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