Middle Ridge

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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,155,000.

The upward trend in home prices in MIDDLE RIDGE, 4350 averaged 13.48% per annum over a 3-year period.

Average weekly rents on listings have reached the $680 mark, reflecting a 3.06% increase in returns based on the current median price in MIDDLE RIDGE.

An average of 9 real estate transactions take place per month in MIDDLE RIDGE which translates to 108 per annum.

108 properties were sold in MIDDLE RIDGE in 2016, making it the 1009th most active market in QLD based on total real estate transactions.

MIDDLE RIDGE, 4350 places 58th 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 $537,500.

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 3.76% for the past year.

Investors saw the median home price rise to $537,500.

The upward trend in home prices in MIDDLE RIDGE, 4350 averaged 7.16% per annum over a 3-year period.

MIDDLE RIDGE now ranks at the 392nd 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 $580 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 N/A.

14 properties were sold in MIDDLE RIDGE in 2016, making it the 352nd most active market in QLD based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,155,000	$537,500
Growth Report
Median Quarterly	10.53%	-4.02%
Median 12 month	19.69%	3.76%
Median 3 years	40.43%	21.47%
Median 5 years	85.54%	50.98%
10 years average annual	8.33%	5.71%
Weekly media advert. rent	$680	$580
Time on Market	41.1 days	N/A
Gross Rental Yield Percent	3.06%	5.61%

Demographics (Median Values)*

Total Population 5705

Weekly Household Income 1395

Household Size 2.90

Average 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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