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Middle Ridge
AREA REPORTS

Middle Ridge

Middle Ridge - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4350

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $677,500.

The upward trend in home prices in MIDDLE RIDGE, 4350 averaged 8.1% per annum over a 3-year period.

Average weekly rents on listings have reached the $500 mark, reflecting a 3.84% increase in returns based on the current median price in MIDDLE RIDGE.

An average of 11 real estate transactions take place per month in MIDDLE RIDGE which translates to 132 per annum.

132 properties were sold in MIDDLE RIDGE in 2016, making it the 918th most active market in QLD based on total real estate transactions.

MIDDLE RIDGE, 4350 places 608th in Australia based on median property value growth during the quarter.

Data report can be found below

Middle Ridge
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $677,500 $365,000
GROWTH REPORT
Median Quarterly 4.23% 1.39%
Median 12 month 8.84% 13.18%
Median 3 years 24.31% -6.05%
Median 5 years 23.86% N/A
10 years average annual 4.1% 3.88%
Weekly media advert. rent $500 $382.5
Time on Market 35.4 days 50.5 days
Gross Rental Yield Percent 3.84% 5.45%
demographics (median values)*
Total Population
5705
Weekly Household Income
1395
Household Size
2.90
Age
39
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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