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.