Investment property in Middle Park 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 -3.89%
The five-year average increase in median property values for Middle Park,4074 has given property investors a potential capital gain of 12.66% across each of those five years.
Sellers are offering property buyers an average discount of -5.18% to buyers in Middle Park at the moment, which is less than average for the rest of QLD.
Often selling an investment property can take time, and in Middle Park the average time real estate has been on the market is 45.5769 days.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 4.13%, without taking into account capital value appreciation, which has been averaging out at 2.08%.
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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.