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Park Ridge South

POSTAL CODE: QLD, 4125
HOUSE

Property investments in PARK RIDGE SOUTH fare well against the rest of the country last year, registering a median home price increase of 17.39%.

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

Based on its average 5-year and quarterly capital gains PARK RIDGE SOUTH, 4125 saw average growth in the long term.

Real estate investors could earn a rental income of $850 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 44.7 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,350,000.

PARK RIDGE SOUTH ranks 546th on the list of best yielding suburbs for rental properties in QLD, posting a 3.27% return.

Surburb overview

Park Ridge South is a rural residential suburb in Logan, Queensland, Australia. It is approximately 30 kilometres south of Brisbane's central business district. 

According to the 2021 census, Park Ridge South had 1,680 residents, with a median age of 46, eight years above the national median. 

The suburb covers an area of approximately 9.1 square kilometres and features a mix of rural residential properties and green spaces. Six parks, accounting for nearly 9.6% of the total area, provide residents with ample recreational opportunities. 

There are no schools within Park Ridge South. The nearest government primary schools are Park Ridge State School in the neighbouring suburb of Park Ridge to the north and Greenbank State School in Greenbank to the west. Residents attend Park Ridge State High School in Park Ridge for secondary education. 

The property market in Park Ridge South has experienced growth. The median house price is currently $1,120,000, reflecting an annual capital growth of 14.87%. Rental yields for houses are 3.64%, with a median rent of $715 per week. 

Park Ridge South offers a tranquil, rural lifestyle and convenient access to essential services and amenities in nearby suburbs. It is an appealing location for families and individuals seeking a peaceful environment within Brisbane's reach. 

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