Suburb Profile Report for Middle Park QLD (4074)

Middle Park House: Median price $639,000, Annual capital growth 1.83%, Number of sales 58, Weekly median advertised rent $450

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

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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With a capital gain of 5.62% for the last 12 months, Middle Park, 4074 has performed for property investments than its average annual 1.83% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Middle Park comes in at number 389th in QLD.

The most recent median price for Middle Park is $639000, with sellers offering an average of -3.81% off the asking price.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.66%, without taking into account capital value appreciation, which has been averaging out at 1.83%.

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Middle Park is 12km south-west of the Brisbane CBD. It’s within easy reach of the Centenary and Ipswich motorways into the city, and the nearest rail stations are the Darra and Wacol stations, which offer a number of routes into the city via the Corinda interchange. It’s well-served for amenities, with the recently-refurbished Park Village shopping centre located in the suburb, as well as a number of schools.
The median house price for the area is more than $500,000 according to RP Data, but three-bedroom reno projects are available from under $400,000.
Metrics i HOUSE UNIT
$639,000 N/A
-1.24% N/A
5.62% N/A
1.83% N/A
$450 N/A
58 N/A
3.66% N/A
40.1388888888889 N/A

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 4026
Median household income ($/weekly) 1922
Median age of persons 38
Median housing loan repayment ($/monthly) 1950
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 550 13.7
    25-34 years 405 10.1
    35-44 years 606 15.1
    45-54 years 673 16.7
    55-64 years 574 14.3
    Others 1216 30.2
    Age Group
    Census Count Percent(%)
    Registered Married 1776 58.5
    Not Married 1103 36.3
    Defacto Relationship 156 5.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2465 63.2
    Papua New Guinea 147 3.8
    United Kingdom 284 7.3
    Viet Nam 104 2.7
    Other 222 5.7
    Others 680 17.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 193 5.1
    Christianity 2581 67.7
    Hinduism 174 4.6
    Islam 27 0.7
    No Religion 807 21.2
    Others 30 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 93 7.6
    $1,500-$1,999 168 13.8
    $2,000-$2,499 182 14.9
    $2,500-$2,999 156 12.8
    $3,000-$3,499 115 9.4
    Others 506 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1413 45.2
    Not in the labour force 853 27.3
    Employed, worked part-time 653 20.9
    Employed, away from work 109 3.5
    Unemployed, looking for work 99 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 311 14.3
    Professionals 648 29.8
    Technicians & trades workers 244 11.2
    Community & personal service workers 192 8.8
    Clerical & administrative workers 378 17.4
    Others 400 18.4
    Occupation
    Census Count Percent(%)
    Pre-school 49 4.6
    Infants/Primary 375 35.5
    Secondary 301 28.5
    Technical or Further Educational Institution 63 6.0
    University or other Tertiary Institutions 239 22.6
    Others 30 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3745 96.7
    Semi-detached, row or terrace house, townhouse 125 3.2
    Flat, unit or apartment 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 608 45.7
    Fully owned 503 37.8
    Rented 214 16.1
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
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