MIDDLE RIDGE, 4350 ranks 2897th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 1.02% for property investors.
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 $542,500.
The upward trend in home prices in MIDDLE RIDGE, 4350 averaged 1.44% per annum over a 3-year period.
Average weekly rents on listings have reached the $445 mark, reflecting a 4.27% increase in returns based on the current median price in MIDDLE RIDGE.
An average of 8.75 real estate transactions take place per month in MIDDLE RIDGE which translates to 105 per annum.
105 properties were sold in MIDDLE RIDGE in 2016, making it the 891st most active market in QLD based on total real estate transactions.
MIDDLE RIDGE, 4350 places 291st in Australia based on median property value growth during the quarter.
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 $378,950.
Average median unit prices in QLD have risen as a whole, pulling MIDDLE RIDGE, 4350 values up and netting property investors a capital gain of 22.24% for the past year.
Investors saw the median home price rise to $378,950.
The downward trend in home prices in MIDDLE RIDGE, 4350 averaged -2.34% per annum over a 3-year period.
MIDDLE RIDGE now ranks at the 310th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MIDDLE RIDGE are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In MIDDLE RIDGE, homes and units usually stay on listing for an average of 0.0 days.
20 properties were sold in MIDDLE RIDGE in 2016, making it the 249th most active market in QLD based on total real estate transactions.
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