High on a hill in Loganholme sits 245 Drews Road.
It’s not your average block in the suburb, says the agent who last week sold the property for over $800,000.
“It’s a step above your entry level home in the area,” Elders Shailer Park principal Luke van Wiljk said.
“It has a really nice, elevated outlook which is not so common in the area.
“Loganholme is a pretty flat place, so being at the top of the hill… is a nice surprise.”
In just five days, Mr van Wiljk saw 31 groups walk through the home.
The last time the block sold was in 2023 for $570,000.
“It was super popular because it has a lot of natural light and elevation – you’re not just looking into a bunch of fences.”
While the data suggested the 601sqm property, which has a home boasting four bedrooms and one bathroom, would sell in the $700,000 range, Mr van Wiljk said potential buyers couldn’t resist.
“The minute you walk through the door you knew you were going to pay more for this because of the outlook,” he said.
The popularity of this Drews Road block is not an exception.
Mr van Wiljk has notice rising popularity right across the suburb.
“It has a lot of entry level buying for a lot of people,” he said.
With first-home-buyers grants from the government and a concession threshold on transfer duty reaching $700,000 (before phasing out up to values of $800,000), Mr van Wiljk said Loganholme was becoming increasingly attractive to new buyers.
“A lot of our houses sit at that price point,” he said.
“So it has just been nuts for the last six to 12 months.”
He also credited space and location for changing trends in the area, which are seeing owner-occupiers take over from investors.
“I put it down to: you get a backyard and you are close to the highway so it is very convenient for people who are working – it is very central, and at the heart of where the motorways connect.”
Mr van Wiljk said first home buyers with budgets of $700,000 and above can afford a house with a backyard and no body corporate.
“That’s what is making Loganholme so popular,” he said.
“You jump across the highway, you’re paying a lot more but getting a lot less.”
Stigmas of old are also beginning to change, according to Mr van Wiljk.
“There used to be a stigma between the Shailer Park side and Loganholme side of the highway – that the other side was not as good – but I feel that whole perception has changed,” he said,
“It is a really nice area. I love driving around there in the afternoon because there are so many people in the parks and walking their dogs.”
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