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Park Ridge
AREA REPORTS

Park Ridge

Park Ridge - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4125

house
unit

Property investors enjoyed capital gains of 20.56% over the last 12 months in PARK RIDGE, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a -1.88% decrease over a ten-year period. It ranks 170th on our list of suburbs that property investors should look into.

PARK RIDGE, 4125 has a capital gain of 20.56% for the past year, which is higher than average compared to its 20.69% growth within a five-year period.

With the median home price in PARK RIDGE sitting at $557,000, and the average rent at $440, property owners could potentially earn a 4.11% increase in gross rental yield.

A 20.56% increase in median property prices in PARK RIDGE, 4125 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 1st.

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

PARK RIDGE, 4125 in QLD belongs to the local government area of Logan (C).

Data report can be found below

Park Ridge
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $557,000 $600,000
GROWTH REPORT
Median Quarterly 7.89% 8.11%
Median 12 month 20.56% 12.15%
Median 3 years 24.19% 82.51%
Median 5 years 20.69% N/A
10 years average annual -1.88% 6.65%
Weekly media advert. rent $440 $360
Time on Market 54.5 days N/A
Gross Rental Yield Percent 4.11% 3.12%
demographics (median values)*
Total Population
1663
Weekly Household Income
618.6
Household Size
2.50
Age
51
Monthly Loan Repayment
1452
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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string(28) "Profile:PARK RIDGE State:QLD"

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