‘Nonsensical’: Economist Shuts Down 10% Price Drop Talk
A big four bank’s suggestion that Australia would see a 10 per cent dip in property prices over 2023 has been promptly...
MIDDLE RIDGE, 4350 ranks 3851st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 2.74% 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 $637,000.
The upward trend in home prices in MIDDLE RIDGE, 4350 averaged 5.63% per annum over a 3-year period.
Average weekly rents on listings have reached the $477.5 mark, reflecting a 3.9% increase in returns based on the current median price in MIDDLE RIDGE.
An average of 13.42 real estate transactions take place per month in MIDDLE RIDGE which translates to 161 per annum.
161 properties were sold in MIDDLE RIDGE in 2016, making it the 739th most active market in QLD based on total real estate transactions.
MIDDLE RIDGE, 4350 places th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.74%||29.09%|
|Median 3 years||16.88%||-8.68%|
|Median 5 years||20.53%||N/A|
|10 years average annual||3.82%||8.06%|
|Weekly media advert. rent||$477.5||$380|
|Time on Market||43.9 days||0.0 days|
|Gross Rental Yield Percent||3.9%||5.57%|