Middle Ridge is a mid-sized suburb in Queensland within the Toowoomba local government area (postcode 4350). With a population of 7,595, the suburb has an established demographic with a median age of 43. Households earn a median income of $113K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Middle Ridge is $880,000, having grown strongly 8% over the past year. Units have a median price of $485,000 (+9% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,950.
Middle Ridge is served by 1 school, including 1 primary. The average ICSEA score is 1044, which is around the national average of 1,000. The crime rate in the Toowoomba LGA is moderate at 5,673 incidents per 100,000 population.
From an investment perspective, Middle Ridge offers a gross rental yield of 4.0%, rated as moderate yield. Property prices are near the state median ($880K/$1.1M). The price-to-income ratio of 7.8x is considered moderate. House prices have moved +8.0% year-on-year.
Middle Ridge is a mid-sized suburb in Queensland within the Toowoomba local government area (postcode 4350). With a population of 7,595, the suburb has an established demographic with a median age of 43. Households earn a median income of $113K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Middle Ridge is $880,000, having grown strongly 8% over the past year. Units have a median price of $485,000 (+9% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,950.
Middle Ridge is served by 1 school, including 1 primary. The average ICSEA score is 1044, which is around the national average of 1,000. The crime rate in the Toowoomba LGA is moderate at 5,673 incidents per 100,000 population.
From an investment perspective, Middle Ridge offers a gross rental yield of 4.0%, rated as moderate yield. Property prices are near the state median ($880K/$1.1M). The price-to-income ratio of 7.8x is considered moderate. House prices have moved +8.0% year-on-year.