Suburb Profile Report for Park Ridge QLD (4125)

Park Ridge House: Median price $462,000, Annual capital growth -3.73%, Number of sales 200, Weekly median advertised rent $400

Park Ridge Unit: Median price $537,000, Annual capital growth 1.15%, Number of sales 16, Weekly median advertised rent $320

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

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

  • House Report

Investment property in Park Ridge has done 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 1.54%

Comparing Park Ridge,4125 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Park Ridge, 4125. Typically our figures indicate that -4.47% is being offered, which puts this QLD suburb at 1127th most discounted overall in Australia.

Often selling an investment property can take time, and in Park Ridge the average time real estate has been on the market is 82.76 days.

With the median price for a house in Park Ridge being $462000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.50%

Metrics i HOUSE UNIT
$462,000 $537,000
0.75% 5.81%
1.54% N/A
-3.73% 1.15%
$400 $320
200 16
4.50% 3.10%
82.76 N/A

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

DSR Score for property investment : Below average (U), Balanced (H)
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Demographics
Total population 2328
Median household income ($/weekly) 666
Median age of persons 54
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 228 9.8
    45-54 years 277 11.9
    55-64 years 370 15.9
    65-74 years 450 19.3
    75-84 years 269 11.6
    Others 734 31.5
    Age Group
    Census Count Percent(%)
    Registered Married 990 53.5
    Not Married 744 40.2
    Defacto Relationship 116 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1444 66.6
    New Zealand 33 1.5
    Papua New Guinea 121 5.6
    United Kingdom 267 12.3
    Other 145 6.7
    Others 157 7.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1567 75.3
    No Religion 407 19.5
    Buddhism 74 3.6
    Other Religious Groups 21 1.0
    Islam 13 0.6
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 103 11.9
    $400-$599 223 25.8
    $600-$799 111 12.8
    $800-$999 91 10.5
    $1,500-$1,999 65 7.5
    Others 272 31.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1027 54.8
    Employed, worked full-time 523 27.9
    Employed, worked part-time 238 12.7
    Unemployed, looking for work 44 2.3
    Employed, away from work 42 2.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 85 10.6
    Technicians & trades workers 150 18.7
    Clerical & administrative workers 139 17.3
    Machinery operators & drivers 96 12.0
    Labourers 109 13.6
    Others 223 27.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 137 42.3
    Secondary 106 32.7
    Technical or Further Educational Institution 33 10.2
    University or other Tertiary Institutions 22 6.8
    Other type of educational institution 14 4.3
    Others 12 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2074 95.6
    Caravan, cabin, houseboat 81 3.7
    Flat, unit or apartment 14 0.6
    Semi-detached, row or terrace house, townhouse 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 613 65.5
    Rented 178 19.0
    Being purchased 138 14.7
    Other tenure type 7 0.7
    Tenure Type
Census 2011, ABS
Chart Table