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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

Slacks Creek's property market has experienced significant growth over the past 12 months, with house values increasing by 21.5% and unit values surging by 38.5%. The current median house price stands at $715,000, while the median unit price is $470,000, indicating strong demand across both property types.

Sales activity has been robust, with 46 houses and 11 units sold over the past 12 months. Properties are moving quickly, with houses spending a median of just 12 days on the market and units 15 days, reflecting a competitive market environment.

The rental market in Slacks Creek has also seen notable increases, with average rent for houses rising by 10% and units by 6.9% over the last year, suggesting a healthy demand for rental properties in the area.

Median price - houses$720KPast 3 months

Median price - units$519KPast 3 months

Change in value - houses22.3%12 months

Change in value - units38.6%12 months

Houses sold39Past 3 months

Units sold12Past 3 months

Median DOM - houses13Past 12 months

Median DOM - units15Past 12 months

Average rent - houses$560Past 12 months

Average rent - units$430Past 12 months

Change in rent - houses12.0%Past 12 months

Change in rent - units7.5%Past 12 months

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 growth, with house rents increasing 10% over the past year to $550 per week, while unit rents have risen 6.9% to $425 per week. This suburb continues to attract interest due to its affordability and potential for future development, making it an appealing choice for both renters and investors.

Suburbs near Slacks Creek

Some popular suburbs near Slacks Creek include:

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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