THE Logan market is experiencing a shortage of stock as interest in high-end properties ramps up.
All Properties Group agent Jay Aston said property was hot in suburbs like Heritge Park.
“There are more buyers than houses available,” Mr Aston said.
“There are a lot of buyers in the high end market, $500,000 and above, but not enough properties coming to market.”
Mr Aston said the house at 11 Lloyd Court, Heritage Park, sold in about two weeks, which was fairly quick for the area for $660,000.
According to CoreLogic data, the median days on market for a house at Heritage Park over the past 12 months was 45 days and the median sale price was $450,000.
Mr Aston said the house was bought by a large family from Marsden.
“They loved how big it was compared to what they were coming from,” he said.
“There was also dual living for the oldest of the kids and the size of the land was a benefit.
The lowset brick house had five bedrooms, three bathrooms and several living areas.
There was also a double lockup garage, ducted airconditioning, and an inground pool.