Logan, QLD offers some of the most accessible apartment and unit entry points in South East Queensland for buyers who want to get into the property market without the maintenance demands of a house. Whether you're a first home buyer eyeing a Logan Central unit at $441,000, an investor considering Eagleby options at $610,000, or someone looking to downsize in Loganholme, unit financing works differently to house loans in several important ways.

The good news is that all major government schemes — the Australian Government 5% Deposit Scheme (formerly the First Home Guarantee), the Family Home Guarantee, and Queensland's $30,000 First Home Owner Grant — apply to unit purchases. Unit buyers often have access to lower entry prices, which can mean smaller deposits and more suburbs within reach of first home buyer price caps.

Mortgage Broker Logan helps unit buyers across Logan, QLD navigate the specific lending requirements that apply to apartment and strata purchases, completely free of charge.

Here's what you need to know before approaching a lender about unit financing in Logan.

How do lenders assess apartment and unit purchases differently?

Lenders apply stricter criteria to units because they're considered higher risk than houses. Most lenders cap unit lending at 90% LVR compared to 95% for houses, which means you typically need a 10% deposit minimum rather than 5%. The 5% Deposit Scheme can bridge that gap for eligible first home buyers, but without it the deposit hurdle is higher for units than houses at the same price.

Strata management, building age, and unit density all factor into approval decisions. Some lenders won't finance units in buildings with more than four storeys or certain construction types. Your exact options depend on the specific building and which lenders you approach, which is exactly what we work through with you in a free consultation.

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What government schemes help unit buyers in Logan, QLD?

Eligible schemes for unit purchases in Logan:

• › Australian Government 5% Deposit Scheme (First Home Guarantee): buy with 5% deposit, no LMI, up to $1,000,000 price cap — applies to eligible units and apartments across Logan.
• › Family Home Guarantee: single parents can buy units with 2% deposit, no LMI, up to $1,000,000 price cap in Logan, QLD.
• › Queensland First Home Owner Grant:$30,000 for eligible new apartments under $750,000. The 2026-27 Queensland Budget (June 2026) confirmed the $30,000 continues for contracts from 1 July 2026 — the earlier drop back to $15,000 no longer applies.
• › Queensland transfer duty exemption: new units attract $0 transfer duty regardless of price; established units under $700,000 pay $0 transfer duty. From 1 August 2026 these concessions are limited to Australian citizens and permanent residents.
• › Boost to Buy shared equity: Queensland Government contributes up to 30% equity on new units and up to 25% on established units, with a $1,000,000 price cap. Places are limited — Round 2 opened in April 2026 with SEQ allocations largely exhausted; Unity Bank is currently the only approved lender.

How do mortgage brokers help apartment buyers get approved in Logan, QLD?

Step 1: Talk to us

Get in touch and we'll assess your deposit, income, and the specific type of unit or apartment you're looking to buy across Logan, QLD.

Step 2: Review building and lender compatibility

We identify which lenders approve the building type, age, and location you're targeting. Some lenders have specific restrictions on high-rise, older strata, or certain suburbs.

Step 3: Maximise your deposit position

We structure your application to take advantage of available schemes — the 5% Deposit Scheme, Family Home Guarantee, or Boost to Buy if you're eligible.

Step 4: Submit to the right lenders first

We approach lenders who actively write unit loans in your target area and price range, avoiding those with restrictive unit policies.

Step 5: Coordinate building inspections

We work with your solicitor and building inspector to ensure strata documentation and building condition meet lender requirements.

Step 6: Manage settlement

We coordinate with your solicitor, the seller's agent, and strata management to ensure a smooth settlement process.

What mistakes do unit buyers make in Logan, QLD?

The biggest mistake unit buyers make is assuming all lenders treat apartments the same way. Walking into your own bank without comparing options can mean missing out on lenders who specialise in unit financing or have more flexible building criteria.

Many buyers also underestimate strata fees and council rates when calculating affordability. These ongoing costs affect serviceability assessment, so lenders factor them into your borrowing capacity. Getting pre-approval that accounts for all unit-specific costs prevents disappointment later in the process.

Which Logan suburbs offer the best unit investment opportunities?

Unit investors in Logan, QLD should focus on suburbs with strong rental demand and reasonable strata fees. Logan Central units at a median $441,000 showed exceptional 12-month growth of +26.00%, while Eagleby units at $610,000 delivered solid year-on-year gains.

Key unit suburbs for investors in Logan:

• › Logan Central: median unit price $441,000, 12-month growth +26.00%, strong transport links and urban amenities.
• › Eagleby: median unit price $610,000, family-friendly suburb with parks and schools nearby.
• › Slacks Creek: median unit price $575,000, 12-month growth +22.34%, well-connected to the Pacific Motorway.
• › Investment loan structure: competitive investment variable rates from approximately 5.90% p.a., interest-only options available, depreciation benefits for new units.

Source: CoreLogic

Like to know which banks & lenders work best for unit buyers? Know where you really stand and what's possible, so you can plan with total confidence. 5-star rated Local experts Free service Talk to a broker → Prefer to talk now? Call 1800 774 756

Frequently Asked Questions

Can I get a home loan on a unit with a 5% deposit?

Yes, through the Australian Government 5% Deposit Scheme if you're a first home buyer, or the Family Home Guarantee if you're a single parent. Both schemes allow 5% deposit (or 2% for the Family Home Guarantee) with no LMI on units up to $1,000,000 in Logan, QLD.

Do lenders charge higher rates for unit loans?

Generally no — competitive variable rates from approximately 5.70% p.a. apply to both houses and units. However, some lenders have stricter approval criteria for units, which can limit your rate options depending on the building.

What's the difference between buying a unit and an apartment in Logan?

From a lending perspective, they're treated the same — both are strata-titled properties with body corporate fees. Lenders assess building age, construction type, and strata management rather than whether it's called a unit or apartment.

Are strata fees included in serviceability calculations for unit buyers?

Yes, lenders add strata fees to your monthly expenses when calculating borrowing capacity. Higher strata fees reduce how much you can borrow, so factor these into your budget early in the process.

Can unit buyers in Logan use the Queensland $30,000 First Home Owner Grant?

Yes, for eligible new unit purchases under $750,000. The 2026-27 Queensland Budget confirmed the $30,000 grant continues for contracts signed from 1 July 2026 — the earlier scheduled reduction to $15,000 no longer applies.

Should I use a mortgage broker or go direct to the bank for unit financing in Logan?

A mortgage broker, every time. Unit lending policies vary dramatically between lenders — some won't finance certain building types, floor counts, or construction styles that others readily approve. A broker comparison across 60+ lenders identifies the most suitable options for your specific target property.

Which Logan suburbs have the most affordable units for first home buyers?

Logan Central offers the most accessible unit entry point at a median $441,000, with strong 12-month growth of +26.00%. Woodridge units at $520,000 and Beenleigh units at $508,108 also sit within typical first home buyer ranges and the $1,000,000 scheme price cap.

Your Next Steps

Getting your unit financing right is about more than finding a competitive rate. The right lender for your target building can mean faster approval, more flexible deposit requirements, and better ongoing service — advantages that vary significantly across our 60+ lender panel.

The right lender for unit buyers depends on your situation and your target property, and that's a conversation worth having. Talk to the Cube Loans team or call 1800 774 756, and we'll compare your options across 60+ lenders at no cost to you.

About the author Nevada Matthews Mortgage Broker and Co-Owner, Cube Loans Nevada Matthews is a mortgage broker and co-owner of Cube Loans, helping first home buyers, investors and business owners across Loganholme and the wider Logan region finance their goals. He started broking in 2019, joined Cube in 2020, and was named New Broker of the Year (QLD) in 2023. Operating under Cube Central Pty Ltd (Credit Representative 472851), authorised under Australian Credit Licence 517192, Nevada compares loans across a panel of 60+ lenders at no cost to the borrower. Meet Nevada → LinkedIn

Cube Loans · Loganholme and Logan, QLD · General information only - this article does not constitute financial advice. Please consider your own circumstances and seek professional advice before making any financial decisions. · Last updated 3 July 2026