Middle Ridge

POSTAL CODE: QLD, 4350

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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 $1,001,000.

The upward trend in home prices in MIDDLE RIDGE, 4350 averaged 8.38% per annum over a 3-year period.

Average weekly rents on listings have reached the $670 mark, reflecting a 3.48% increase in returns based on the current median price in MIDDLE RIDGE.

An average of 10.08 real estate transactions take place per month in MIDDLE RIDGE which translates to 121 per annum.

121 properties were sold in MIDDLE RIDGE in 2016, making it the 892nd most active market in QLD based on total real estate transactions.

MIDDLE RIDGE, 4350 places 826th 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 $547,500.

Investors saw the median home price rise to $547,500.

The upward trend in home prices in MIDDLE RIDGE, 4350 averaged 8.14% per annum over a 3-year period.

MIDDLE RIDGE now ranks at the 48th 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 N/A 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.

12 properties were sold in MIDDLE RIDGE in 2016, making it the 374th most active market in QLD based on total real estate transactions.

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