Suburb Profile Report for Middle Ridge QLD (4350)

Middle Ridge House: Median price $533,000, Annual capital growth 4.01%, Number of sales 129, Weekly median advertised rent $425

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Investment property in Middle Ridge has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Middle Ridge has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Middle Ridge are currently offering property investors an average price cut of -4.47% below the asking price at the moment.

Often selling an investment property can take time, and in Middle Ridge the average time real estate has been on the market is 73.56 days.

Advertised rents are around the $425 mark per week – giving a return of 4.15% based on the median price in Suburb

Metrics i HOUSE UNIT
$533,000 N/A
-2.56% N/A
0.00% N/A
4.01% N/A
$425 N/A
129 N/A
4.15% N/A
73.56 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 6561
Median household income ($/weekly) 1728
Median age of persons 41
Median housing loan repayment ($/monthly) 1733
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1027 15.7
    35-44 years 870 13.3
    45-54 years 968 14.8
    55-64 years 794 12.1
    65-74 years 561 8.5
    Others 2342 35.7
    Age Group
    Census Count Percent(%)
    Registered Married 2939 65.9
    Not Married 1249 28.0
    Defacto Relationship 271 6.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5144 85.1
    Papua New Guinea 86 1.4
    South Africa 105 1.7
    United Kingdom 231 3.8
    Other 203 3.4
    Others 279 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 48 0.8
    Christianity 5062 85.7
    Hinduism 49 0.8
    Islam 44 0.7
    No Religion 694 11.7
    Others 10 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 148 7.8
    $1,500-$1,999 293 15.4
    $2,000-$2,499 225 11.8
    $2,500-$2,999 219 11.5
    $3,000-$3,499 162 8.5
    Others 859 45.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1960 42.1
    Not in the labour force 1470 31.6
    Employed, worked part-time 984 21.1
    Employed, away from work 153 3.3
    Unemployed, looking for work 89 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 482 15.6
    Professionals 851 27.5
    Technicians & trades workers 382 12.3
    Clerical & administrative workers 538 17.4
    Sales 283 9.1
    Others 562 18.1
    Occupation
    Census Count Percent(%)
    Pre-school 88 5.2
    Infants/Primary 707 41.4
    Secondary 513 30.1
    Technical or Further Educational Institution 82 4.8
    University or other Tertiary Institutions 285 16.7
    Others 31 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5841 97.4
    Flat, unit or apartment 81 1.4
    Semi-detached, row or terrace house, townhouse 73 1.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 899 42.7
    Being purchased 785 37.3
    Rented 411 19.5
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals