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Slacks Creek suburb profile

Slacks Creek is a suburban area located in Logan City, Queensland, approximately 21km south of Brisbane's CBD. Known for its diverse community and affordable housing options, it appeals to families and first-time homebuyers. The suburb features a mix of residential, commercial, and light industrial areas, providing a range of employment opportunities. Slacks Creek is well-served by public transport and major road networks, including the Pacific Motorway, ensuring easy access to Brisbane and the Gold Coast. With local amenities such as schools, parks, and shopping centres, Slacks Creek offers a convenient and family-friendly lifestyle.

Slacks Creek property market performance

Current median dwelling price$561,500Past 3 months

Property growth+19.1%Past 12 months

Slacks Creek’s property market has experienced notable growth over the past 12 months. House values have increased by 10.2%, with the median house price reaching $725,000. Although the median unit price is currently unavailable, unit values have surged by 28.1%, indicating a strong demand for units despite limited sales activity.

In the past three months, 44 houses and just 2 units were sold, highlighting a preference for houses in the area. Both houses and units are selling quickly, with median days on market at 25 and 24 days, respectively, suggesting a competitive market environment.

The rental market in Slacks Creek has also seen significant changes, with house rents increasing by 14.0% and unit rents by 13.9% over the last 12 months. This reflects a robust demand for rental properties in the suburb.

HousesUnits
Median price
Past 3 months
$725KN/A
Change in value
Past 12 months
10.2%28.1%
Sold
Past 3 months
442
Median days on market
Past 12 months
2524
Average rent
Past 12 months
$570$450
Change in rent
Past 12 months
14.0%13.9%

5 year median price trend for houses and units

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Slacks Creek demographics

Slacks Creek, located in Logan City, Queensland, is a suburb that offers a blend of suburban living with convenient access to urban amenities. With a population of 10,408 and a median age of 35, it is a community that caters to a diverse range of residents, from young families to established professionals. The suburb's proximity to major transport routes and shopping centers makes it an attractive option for those seeking a balanced lifestyle.

The housing landscape in Slacks Creek is varied, with a significant portion of properties being rented, accounting for 44.5% of the housing market. This high rental rate indicates a demand for flexible living arrangements, appealing to both transient residents and those looking for short-term accommodation. Meanwhile, 21.9% of properties are owned outright, and 33.6% are owned with a mortgage, reflecting a stable community with a mix of long-term homeowners and new buyers entering the market.

Family dynamics in Slacks Creek are diverse, with couple families with children making up 38.5% of the population, while couple families without children account for 29.8%. One-parent families also represent a significant portion at 29.2%, highlighting the suburb's inclusivity and support for various family structures. The median total household income of $1,301 per week suggests a community that is economically accessible, providing opportunities for a wide range of residents to thrive in this suburban setting.

Slacks Creek infrastructure, key developments and investment opportunities

Slacks Creek is experiencing some notable developments that may impact its property market. The $1 billion redevelopment of the Logan Hyperdome shopping center is set to transform the retail landscape, potentially boosting local property values and attracting new residents. Additionally, infrastructure upgrades like the recently completed Paradise Road fishway are improving environmental connectivity in the area.

The suburb is also benefiting from ongoing revitalization efforts along Slacks Creek itself, including riparian rehabilitation, community activation projects, and public art installations. These initiatives are enhancing livability and recreational amenities. While no major new residential developments were identified, these improvements to local infrastructure and amenities are likely to sustain demand for properties in Slacks Creek and contribute to its appeal as a growing suburb within Logan City.

Slacks Creek rental market trends

The rental market in Slacks Creek has experienced significant growth, with house rents increasing 14.0% over the past year to $570 per week, while unit rents have risen 13.9% to $450 per week. This upward trend reflects strong demand and makes Slacks Creek an attractive option for both renters and investors seeking promising returns in a well-connected suburb.

Suburbs near Slacks Creek

Some popular suburbs near Slacks Creek include:

How does Slacks Creek compare to nearby suburbs?

  • Median house prices: Slacks Creek’s median house price is 25.0% higher than Woodridge’s.
  • Median unit prices: Slacks Creek’s median unit price is 12.1% higher than Woodridge’s.
  • House price growth: Over the past 12 months, house prices in Slacks Creek have grown 0.7% higher than in Springwood.
  • Unit price growth: Over the past 12 months, unit prices in Slacks Creek have grown 15.7% higher than in Springwood.
  • Selling speed for houses: Properties in Slacks Creek are selling 40.5% faster than in Springwood.
  • Selling speed for units: Properties in Slacks Creek are selling 14.3% faster than in Springwood.
  • Investment considerations: In Slacks Creek, the rental yield for house is 15.6% lower than the Brisbane average, while the rental yield for units is 26.7% lower.
  • House price growth: Over the past 12 months, house prices in Slacks Creek have grown 35.0% lower than the average rate of growth across Brisbane.
  • Unit price growth:Over the past 12 months, unit prices in Slacks Creek have grown 26.3% lower than the average rate of growth for units across Brisbane.

Common questions about Slacks Creek

  • Is Slacks Creek a nice place to live?

    Slacks Creek is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience. Nestled within Logan City, it provides a welcoming atmosphere for families and individuals seeking a balanced lifestyle. The suburb is characterized by its friendly and diverse community, making it an inviting place for people from all walks of life. With its strategic location, residents enjoy easy access to both Brisbane and the Gold Coast, thanks to the well-connected public transport and major road networks.

    Families will find Slacks Creek particularly appealing due to its abundance of local amenities, including schools, parks, and shopping centres. The suburb's green spaces provide ample opportunities for outdoor activities and relaxation, contributing to a peaceful and family-friendly environment. Safety is generally not a major concern, allowing residents to enjoy a comfortable and secure lifestyle. While Slacks Creek may not offer the bustling nightlife of inner-city areas, its charm lies in its community-oriented vibe and the convenience of nearby entertainment options.

    One of the trade-offs of living in Slacks Creek is the mix of residential, commercial, and light industrial areas, which might not suit those seeking a purely residential setting. However, this diversity also brings a range of employment opportunities within the suburb, adding to its appeal for working professionals. The ongoing revitalization efforts and infrastructure upgrades are enhancing the suburb's livability, making it an attractive option for both long-term homeowners and newcomers. Overall, Slacks Creek is a charming suburb that offers a comfortable and convenient lifestyle for families and individuals alike.

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  • Is it expensive to live in Slacks Creek?

    Living in Slacks Creek can be considered relatively affordable compared to other suburbs in the region. The median house price is currently $715,000, which is quite reasonable when compared to the higher prices seen in many other parts of the area. Units are even more budget-friendly, with a median price of $470,000, making them an attractive option for those looking to enter the property market.

    Renting in Slacks Creek is also fairly affordable. The average rent for houses is $550 per week, while units average $425 per week. These rental prices are relatively manageable, especially when you consider the average wage in Slacks Creek is $71,000 per year. This wage is slightly below the average for the broader Brisbane area, but the cost of living in Slacks Creek aligns well with local earnings, making it a viable option for many.

    Overall, Slacks Creek offers a balanced cost of living that aligns with the local income levels. If you are thinking of living in this suburb, you'll find it offers a good mix of affordability and convenience, without the hefty price tag associated with more central locations.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Slacks Creek a good place to invest?

    Slacks Creek is showing promising signs as a great place to invest, especially if you're looking for strong growth potential. Over the last year, the suburb has experienced a significant increase in property values, with median house prices rising by 21.5% and unit values soaring by an impressive 38.5%. This indicates a strong demand for properties in the area, which is a positive sign for investors looking for capital growth.

    In addition to the rising property values, rental returns in Slacks Creek have also seen a healthy increase. House rents have gone up by 10%, while unit rents have increased by 6.9% over the past year. This suggests that the suburb is not only attracting buyers but also renters, making it a viable option for those interested in rental income.

    Overall, Slacks Creek offers a compelling investment opportunity with its strong growth in both property values and rental returns. The suburb's performance over the past year suggests it could continue to be a desirable location for both buyers and renters, making it a solid choice for investors looking to capitalize on these trends.

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Choose the right real estate agents in Slacks Creek

Currently, there are 87 real estate agents working in Slacks Creek—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 87 agents sold 43.3% of all properties in Slacks Creek over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Slacks Creek typically charge a commission of 2.38% to 3.21%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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