Park Ridge (postcode 4125) is a mid-sized suburb in Queensland within the Logan local government area. The area has roughly 8,455 residents and a predominantly early-career demographic, with a median age of 30. Households earn a median income of $74K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.1% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are machinery operators & drivers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Park Ridge is $850,000, broadly unchanged over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,733.
Park Ridge is served by 5 schools, including 2 primary, 1 secondary, 2 combined. The average ICSEA score is 1009, which is around the national average of 1,000. Public transport access includes 11 bus stops. The crime rate in the Logan LGA is moderate at 7,987 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.8%, which reads as moderate yield. Property prices are near the state median ($850K/$1.1M). The price-to-income ratio of 11.5x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +3.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.