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Slacks Creek

POSTAL CODE: QLD, 4127
HOUSE

SLACKS CREEK, 4127 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling SLACKS CREEK, 4127 values up and netting property investors a capital gain of 10.2% for the past year.

Investors saw the median home price rise to $791,250.

Profits due to an upward trend in home prices in the suburb averaged 15.69% per annum over a 3-year period.

SLACKS CREEK now ranks at the 265th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in SLACKS CREEK are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $580 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SLACKS CREEK, homes and units usually stay on listing for an average of 27.5 days.

In 2016, 132 properties were sold in SLACKS CREEK during the past year, making it the 833rd most active market in QLD based on total real estate transactions.

Surburb overview

Slacks Creek is a suburb of Logan, Queensland, Australia. It is approximately 20 kilometres south-east of Brisbane's central business district. 

According to the 2021 census, Slacks Creek had 10,408 residents, with a median age of 34. Households in the area are primarily composed of couples with children. 

Slacks Creek was once part of the Shire of Tingalpa and was officially named by the Queensland Place Names Board on 1 April 1971.  The suburb's name originates from the nearby waterway, Slacks Creek, named after early settlers William and James Slack. 

Slacks Creek State School, a government primary school, opened on 19 May 1873 in the original Wesleyan Church on Centenary Road. Due to increasing traffic on Logan Road, the school relocated to its current site in 1964. 

In September 2006, Queensland's first IKEA store moved from its original location in Rochedale South to its new premises in Slacks Creek, enhancing the suburb's retail offerings. 

The property market in Slacks Creek has experienced growth. The median house price is currently $704,750, reflecting an annual capital growth of 21.51%. Rental yields for houses are 4.28%, with a median rent of $550 per week. 

Slacks Creek offers a blend of residential living with access to essential services and amenities, making it an appealing suburb for families and individuals seeking proximity to Brisbane. 

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