The Killara community in Logan Reserve has sold out more than 700 homes in almost five years, after a fast-tracking of release.
The developers, Avid Property Group, sped up release of land by 12 months to meet high buyer demand in Southeast Queensland, sparked largely by low interest rates.
Urban Development Institute of Australia’s (UDIA) 2021 State of the Land Market Study, Southeast Queensland has experienced a 65% increase in annual greenfield lot sales against 2020.
Logan was cited in the report as a top area for growth.
Avid general manager Queensland Bruce Harper said Killara’s accelerated sales and official sell-out are contributed to the community’s locality and affordability as buyers don’t have to compromise on land size and location for price.
“As we continue to experience a property boom in Southeast Queensland, buyers are feeling forced to compromise on their non-negotiables and are paying a higher price to do so,” Mr Harper said.
“Killara is surrounded by untouched bushland, offers exclusive amenities for residents, easy access to local shopping, public transport and schools; features which begin to tick a lot of boxes for buyers.”
Logan City is experiencing the largest growth in medium density dwellings when compared to other Southeast Queensland local government areas, and is one of the top suburbs to retain existing residents.
The sell-out of Killara has focussed buyer attention on our nearby communities, Mr Harper said.
