Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|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%|