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Logan is a thriving city situated between Brisbane to the north and Gold Coast to the south. The city is a major economic destination with key industries including manufacturing, retail, business and community services, the property sector, construction and agricultural industries.
Over the next 20 years Logan will continue to be one of the fastest growing cities in Queensland. Given its central geographic location and available young workforce, Logan is ideally place for continued growth in the southeast Queensland region.
LOCATION: Positioned in the Brisbane growth corridor with the Gold Coast to the south.
YATALA ENTERPRISE AREA: The 127 hectare industrial hub is projected to inject $1 billion in the economy over the next 10 years (More Gold Coast 2016).
EMPLOYMENT GROWTH: Logan is currently home to 19,490 businesses, employing 132,690 people. Over 53,000 new jobs will be created in the Logan area to accommodate expected population growth.
PROPERTY PRICE GROWTH: The 12-month growth for houses in Logan Central is 11.61%.
RENTAL GROWTH: Median rental yields for both apartments and houses in Logan are showing market momentum, with 7.7% returns for apartments and 6.3% for houses (Commonwealth Bank 2016).
ECONOMIC OUTLOOK
YATALA ENTERPRISE AREA
Logan produces a Gross Regional Product (GRP) of $9.70 billion - 3.3% of Queensland’s Gross State Product (GSP).
The city’s key industries include manufacturing, retail, business and community services, the property sector, construction and agricultural industries. This already diverse economy has the potential to grow and diversify further, while also adding a strong focus on technology and knowledge-based industries.The Yatala Enterprise Area (YEA), one of Queensland’s premier industrial addresses, is set to be a market leader in terms of innovative industrial development and will facilitate growth in long-term employment (Beenleigh & Region 2015).
In terms of development the YEA is focused around attracting businesses in advanced manufacturing in food and beverage, construction materials, machinery and equipment, plastic and chemicals, warehousing, transport and distribution. The YEA has enough capacity to sustain development until 2046.
EMPLOYMENT GROWTH
Logan’s population is expected to top 473,000 by 2031 and the Logan City Council has a Priority Infrastructure Plan in place to help manage the city’s growth in terms of housing and employment.
Logan us home to 19,490 businesses, employing 132,690 people. It will continue to be one of the fastest growing cities in Queensland. With this in mind, Logan City Council has pledged to create at least 53,000 jobs to support the population growth.
Logan is ideally positioned in the centre of one of south east Queensland’s highest growth employment hubs. With booming industrial development at its core, Queensland’s capital to the north and the bustling Gold Coast to the south, Logan’s job market is expected to grow significantly over the next few years.
The $9 million Beenleigh Town Centre project is one of the city’s major redevelopments and will deliver on Logan City Council’s vision for the area’s central business district.
The project will provide business and employment opportunities, and catalyse development and small business investment.
EMPLOYMENT GROWTH OPPORTUNITIES:
- Wembley Road and Logan Motorway Interchange will create 3,000 new jobs
- Upgrade of Mt Lindesay Highway will create 30,000 new jobs
- Yatala Enterprise Area: will create 40,000 new jobs
