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Heritage Park suburb profile

Heritage Park is a peaceful residential suburb located in Logan City, approximately 25km south of Brisbane's CBD. Known for its family-friendly environment, the suburb offers a mix of modern homes and spacious properties, making it ideal for families seeking a suburban lifestyle. Heritage Park is surrounded by green spaces, including local parks and recreational areas, providing ample opportunities for outdoor activities. The suburb is well-serviced by local amenities, including schools, shopping centers, and public transport options, ensuring convenience for its residents. Its tranquil setting and community-focused atmosphere make Heritage Park a desirable location for those looking to enjoy a relaxed suburban lifestyle.

Heritage Park property market performance

Heritage Park's property market has shown positive growth over the past 12 months, with house values increasing by 5.7%. The current median house price stands at $856,000. There is no data available for units, indicating a lack of unit sales in the area. Over the past three months, 18 houses have been sold, with properties spending a median of 36 days on the market, suggesting a healthy demand for houses.

The rental market for houses in Heritage Park has also seen an upward trend, with average rent increasing by 4.0% over the last 12 months, reaching $650. The absence of unit data suggests a focus on house rentals in the suburb.

HousesUnits
Median price
Past 3 months
$868KN/A
Change in value
Past 12 months
5.3%N/A
Sold
Past 3 months
15N/A
Median days on market
Past 12 months
29N/A
Average rent
Past 12 months
$660N/A
Change in rent
Past 12 months
5.9%N/A

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Heritage Park demographics

Heritage Park, located in the Logan City area of Queensland, offers a suburban lifestyle with a strong sense of community. With a population of 4,930, the suburb is characterized by a family-friendly environment, as evidenced by the 49.4% of couple families with children. The median age of 37 suggests a mature community, with many residents likely to be established families and professionals seeking a peaceful yet connected lifestyle.

The suburb's housing market is predominantly owner-occupied, with 26.4% of properties owned outright and 53.5% owned with a mortgage. This high rate of home ownership reflects the stability and long-term commitment of its residents to the area. Renting is less common, with only 20.1% of properties being rented, indicating a preference for home ownership among the community.

Heritage Park's median total household income of $2,090 per week is indicative of a relatively affluent community, likely supported by dual-income families. The suburb's proximity to local amenities, schools, and parks makes it an attractive location for families seeking a balance between work and leisure. The presence of one-parent families, accounting for 16.6% of the population, adds to the suburb's diversity, while the small percentage of other family types (1.1%) highlights its predominantly traditional family structure.

Heritage Park infrastructure, key developments and investment opportunities

Heritage Park remains a quiet residential suburb with no major infrastructure developments or recent council planning changes currently impacting its property market. Residents continue to benefit from proximity to well-maintained parks, family-friendly amenities, and access to nearby shopping centres and the Logan Metro Sports Centre, supporting ongoing desirability for young families and professionals.

Public transport options and road access remain unchanged, with the area offering convenient connections to surrounding suburbs but no significant upgrades or new school projects reported. Overall, there are no substantial developments at this time expected to influence property values or demand in Heritage Park.

Heritage Park rental market trends

The rental market in Heritage Park has experienced modest growth, with house rents increasing by 4% over the past year to $650 per week. There is no data available for unit rents, indicating a potential focus on house rentals in the area. Heritage Park continues to offer a stable environment for renters and investors seeking suburban living.

Suburbs near Heritage Park

Some popular suburbs near Heritage Park include:

Common questions about Heritage Park

  • Is Heritage Park a nice place to live?

    Heritage Park is a delightful suburb that offers a serene and family-oriented lifestyle, making it a wonderful place to call home. Nestled within Logan City, this charming suburb is perfect for those who value a peaceful environment while still being within reach of Brisbane's bustling CBD. The area is known for its spacious properties and modern homes, providing ample space for families to grow and thrive. The abundance of green spaces and local parks adds to the suburb's appeal, offering residents plenty of opportunities for outdoor activities and relaxation.

    The community vibe in Heritage Park is warm and welcoming, with a strong focus on family life. The suburb is well-equipped with essential amenities, including schools, shopping centers, and public transport options, ensuring that residents have everything they need close at hand. Safety is generally not a concern, as the suburb maintains a tranquil atmosphere that is ideal for raising children. The local community is diverse yet predominantly family-oriented, fostering a supportive environment for both established families and newcomers alike.

    While Heritage Park offers a fantastic suburban lifestyle, it does come with a few trade-offs. The area lacks the nightlife and cultural attractions of inner-city suburbs, which might be a consideration for those seeking a more vibrant social scene. However, the suburb's peaceful setting and strong community ties more than compensate for this, providing a stable and nurturing environment for families. For those who prioritize a relaxed lifestyle with easy access to nature and essential amenities, Heritage Park is an excellent choice.

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  • Is it expensive to live in Heritage Park?

    Living in Heritage Park can be seen as moderately expensive, particularly when it comes to housing. The median house price in the suburb is currently $856,000, which is a significant investment for potential homeowners. With no units available, those looking to buy property will need to consider purchasing a house, which is a considerable financial commitment.

    Renting in Heritage Park is also on the higher side, with the average rent for houses at $650 per week. This rental cost is substantial, especially when compared to the Queensland state average wage of approximately $83,000 per year. The median total household income in Heritage Park is $2,090 per week, which suggests that a significant portion of income would need to be allocated to housing costs, whether buying or renting.

    Overall, while Heritage Park offers a suburban lifestyle away from the hustle and bustle of Brisbane, the cost of living, particularly in terms of housing, can be quite demanding. If you are thinking of living in Heritage Park, it's essential to evaluate your financial situation to ensure it aligns with the expenses of residing in this area.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Heritage Park a good place to invest?

    Heritage Park presents a promising opportunity for property investors, particularly those interested in houses. Over the past 12 months, the suburb has experienced a 5.7% increase in median house values, indicating a healthy demand and potential for capital growth. This steady rise in house prices suggests that the area is attracting interest from buyers, which is always a positive sign for investors looking for appreciation in property value.

    While the median unit values and rents have remained stable with no change over the past year, the rental market for houses has seen a 4.0% increase. This growth in rental prices for houses points to a strong demand for family homes, making it an attractive option for investors seeking reliable rental income. Heritage Park's appeal likely stems from its family-friendly environment and community-oriented lifestyle, which are key factors for long-term rental demand.

    Overall, Heritage Park offers a balanced investment opportunity with its steady house price growth and increasing rental returns for houses. While units might not currently show the same level of growth, the suburb's overall stability and appeal make it a worthwhile consideration for investors focusing on houses. With its potential for both capital appreciation and rental income, Heritage Park stands out as a solid choice for property investment.

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