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Park Ridge

POSTAL CODE: QLD, 4125
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Property investors enjoyed capital gains of 8.7% 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 2.39% growth over a ten-year period. It ranks 3632nd on our list of suburbs that property investors should look into.

PARK RIDGE, 4125 has a capital gain of 8.7% for the past year, which is lower than average compared to its 86.81% growth within a five-year period.

With the median home price in PARK RIDGE sitting at $850,000, and the average rent at $630, property owners could potentially earn a 3.85% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in PARK RIDGE are low, 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.

Surburb overview

Park Ridge is a suburb within the City of Logan, approximately 34.5 kilometres south of Brisbane's central business district. 

According to the 2021 census, Park Ridge had 8,455 residents, a significant increase from 2,503 in 2016. The median age is 30, eight years below the national median. Households in the area are primarily composed of couples with children. 

Park Ridge enjoys a rural setting with acreage properties buffered by bushland. Park Ridge Road, running east-west, divides the suburb, with the Mount Lindesay Highway and Chambers Flat Road marking its western and eastern boundaries. 

Public transportation options in Park Ridge are limited, with residents primarily relying on personal vehicles for commuting.  The suburb's proximity to major roads, including the Mount Lindesay Highway, facilitates convenient travel by car. 

Park Ridge is experiencing growth, with new establishments such as a Woolworths supermarket at the edge of Logan Reserve and Park Ridge.  Childcare facilities, schools, and parks are nearby, providing ample space for families. 

The property market in Park Ridge has grown. The median house price is $772,500, based on 192 sales in the preceding 12 months. Rental properties have a median weekly rent of $610, indicating a strong demand for housing in the area. 

Park Ridge offers a blend of rural living with access to essential services, making it an appealing suburb for families and individuals seeking a tranquil environment near Brisbane. 

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