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Median values are calculated based on data over a 12 month period.

Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government.
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Market Report

Park Ridge has 198 houses available for sale. The median property price for a house is currently 695,000 with annual capital growth of 8.59 . There were 194 house sales in the past 12 months. On average, houses spend 19 days on market.

If you're thinking about buying an investment property in Park Ridge, consider that rental yields for houses are currently 4.25 with an average median rent of 565 weekly. Houses have seen 0.72 growth in the past quarter, and 8.59 growth in the past 12 months.

The size of Park Ridge is approximately 16.8 square kilometres. It has 10 parks covering nearly 0.8% of total area. The population of Park Ridge in 2011 was 2,328 people. By 2016 the population was 2,509 showing a population growth of 7.8% in the area during that time. The predominant age group in Park Ridge is 70-79 years.

Households in Park Ridge are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Park Ridge work in a trades occupation. In 2011, 77.5% of the homes in Park Ridge were owner-occupied compared with 74.5% in 2016.

Park Ridge has 25 units available for sale. The median property price for a unit is currently 730,000 with annual capital growth of 15.87 . There were 35 unit sales in the past 12 months. On average, units spend 17 days on market.

If you're thinking about buying an investment property in Park Ridge, consider that rental yields for units are currently 4.17 with an average median rent of 470 weekly. Units have seen 2.10 growth in the past quarter, and 15.87 growth in the past 12 months.

The size of Park Ridge is approximately 16.8 square kilometres. It has 10 parks covering nearly 0.8% of total area. The population of Park Ridge in 2011 was 2,328 people. By 2016 the population was 2,509 showing a population growth of 7.8% in the area during that time. The predominant age group in Park Ridge is 70-79 years.

Households in Park Ridge are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Park Ridge work in a trades occupation. In 2011, 77.5% of the homes in Park Ridge were owner-occupied compared with 74.5% in 2016.

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Key Market Data House Unit
Median price 695,000 730,000
Quarterly growth +0.72 +2.10
12-month growth +8.59 +15.87
Average annual growth +9.45 +17.57
Weekly median rent 565 470
Gross rental yield 4.25 4.17
Number of Sales (12m) 194 35
Avg. Days on Market (12m) 19 17
Jump to Market Trends
Key Demographics 2011 2016
Total population 2,328 2,509
Population change (5y) +39.74 +7.80
Median household income (p/w) 667 826
Household income change (5y) +8.63 +23.84
Median age of persons 54 58
Jump to Demographics Trends
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