Heritage Park

POSTAL CODE: QLD, 4118
HOUSE

Property investors enjoyed capital gains of 18.91% over the last 12 months in HERITAGE PARK, translating to higher returns compared with its peers in QLD.

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

The suburb posted a 39.37% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $730 based on current median home prices for the suburb.

On average, rents on listings have reached the $730 mark, reflecting a 3.8% increase in returns based on the current median price in HERITAGE PARK.

HERITAGE PARK, 4118 ranks 326th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 338th on the list of best yielding suburbs for rental properties in QLD, posting a 3.8% return.

Surburb overview

Heritage Park, located approximately 32.8 kilometres south of Brisbane's Central Business District (CBD), is a suburb within the City of Logan, Queensland. 

According to the 2021 census, Heritage Park has 4,930 residents, with a median age of 37. The suburb predominantly comprises family households, with 52.5% of the population being couples with children and 30% being couples without children. The average household size is 3.0 persons. 

Public transportation in Heritage Park is limited. Most residents (86.0%) commute by car, while only 3.0% use bus services and a minimal 0.3% utilise train services. This reliance on private vehicles is due to the suburb's limited access to comprehensive public transport networks.

Essential establishments are accessible in neighbouring areas. While Heritage Park lacks significant shopping centres, residents can access the Grand Plaza Shopping Centre and Village Square near Browns Plains. These centres offer supermarkets, retail stores, dining options, and medical services catering to the community's daily needs.

Heritage Park's numerous parks and open spaces support recreational activities. The suburb boasts 10 parks, covering nearly 39.9% of the area, providing residents with ample outdoor activities such as walking, picnicking, and sports. These green spaces contribute to the suburb's appeal for families and individuals seeking an active lifestyle.

Regarding property, Heritage Park has a median house price of $825,000, with an annual capital growth of 9.63%. Rental yields for houses are approximately 4.06%, with a median rent of $625 per week. The suburb's real estate market is characterised by separate houses, with an average of 3.9 bedrooms per dwelling. This data indicates a stable property market that appeals to investors and homebuyers.

Heritage Park offers a suburban environment with a strong community focus, characterised by its family-oriented demographics and abundant green spaces. However, the limited public transport options may necessitate reliance on private vehicles for commuting and accessing essential services in neighbouring suburbs.

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