The area you should consider to invest
LOGAN City has provided investors with bargain prices for rental properties.
Your Real Estate Browns Plains agent Bridgette Griffiths said another owner within a gated Argonaut St unit complex at Slacks Creek snapped up the property at No. 23/26 for a bargain $160,000.
"They knew the area well and knew the complex and what it offered," Ms Griffiths said.
"They felt that it was a good investment and ended up purchasing it for his son to start his investment portfolio."
The unit, which had two bedrooms and one bathroom, came the advantage of having a long term tenant, who was renting the property for $270 weekly.
"It has had the same tenant for 16 years so it was tired, and the price was reflective of its condition," Ms Griffiths said.
"However, it had a high yielding return and a long term tenant, which is always great for any investor."
According to CoreLogic data, the median unit sale price for Slacks Creek was $206,000.
Ms Griffiths described the unit investment market as "buoyant".
"The vacancy rates seem to be reasonable and the demand is always high," she said.