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Middle Ridge suburb profile

Middle Ridge is a picturesque suburb located in the southern part of Toowoomba, Queensland, known for its tranquil residential atmosphere and lush greenery. This suburb is popular among families and retirees due to its spacious homes, well-maintained parks, and proximity to quality schools and amenities. Middle Ridge offers a peaceful lifestyle with easy access to the Toowoomba CBD, making it convenient for both work and leisure. The area is characterized by its tree-lined streets and a strong sense of community, providing a serene environment while still being close to the city's conveniences.

Middle Ridge property market performance

Current median dwelling price$742,500Past 3 months

Property growth+3.9%Past 12 months

Middle Ridge's property market has shown positive growth over the past 12 months, with house values increasing by 7.6%, bringing the median house price to approximately $1.02 million. The unit market has seen a modest rise of 0.6%, although the median unit price remains at $0, indicating limited data or sales activity in this segment.

Sales activity has been moderate, with 31 houses and 6 units sold in the past 12 months. Houses are taking longer to sell, with a median of 56 days on the market, compared to 48 days for units, suggesting a slightly quicker turnover in the unit market.

The rental market in Middle Ridge has experienced notable changes, with house rents increasing by 6.5% and unit rents surging by 14.4% over the last 12 months, reflecting strong demand for rental properties, particularly units.

HousesUnits
Median price
Past 3 months
$1.02MN/A
Change in value
Past 12 months
10.9%-3.0%
Sold
Past 3 months
182
Median days on market
Past 12 months
5848
Average rent
Past 12 months
$675$520
Change in rent
Past 12 months
8.9%11.8%

5 year median price trend for houses and units

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Middle Ridge demographics

Middle Ridge, located in the Toowoomba region of Queensland, is a suburb that offers a serene and family-friendly environment. With a population of 7,595, it is characterized by a mature demographic, as indicated by the median age of 43. This suggests a community that is well-established, with many residents likely enjoying the stability and comfort that Middle Ridge provides. The suburb's appeal to families is evident, with 45.8% of households being couple families with children, and another 44% being couple families without children, highlighting its suitability for both growing families and those whose children have moved out.

The economic profile of Middle Ridge is relatively affluent, with a median total household income of $2,177 per week, which is indicative of a comfortable lifestyle for its residents. Property ownership is a significant aspect of the suburb, with 44.8% of homes owned outright and 34.8% owned with a mortgage. This high level of home ownership reflects a stable and committed community, with many residents likely having lived in the area for an extended period.

Rental properties make up a smaller portion of the housing market, with only 20.3% of properties being rented. This lower rental rate suggests that Middle Ridge is less transient than other suburbs, fostering a strong sense of community and belonging among its residents. The suburb's peaceful atmosphere, combined with its proximity to the amenities of Toowoomba, makes it an attractive option for those seeking a balanced lifestyle with the benefits of both urban and suburban living.

Middle Ridge infrastructure, key developments and investment opportunities

Middle Ridge is experiencing several developments that may impact its property market. The ongoing expansion of the Toowoomba Golf Club is enhancing local recreational amenities, potentially increasing the area's appeal. Additionally, upgrades to Middle Ridge State School, including new classrooms and improved facilities, are likely to attract more families to the suburb.

Infrastructure improvements include the recent completion of road upgrades along Stenner Street, improving traffic flow and connectivity. The proposed development of a new shopping precinct near Hume Street could boost local amenities and property values. These projects, combined with Middle Ridge's established reputation as a desirable suburb, are expected to sustain strong demand for properties in the area.

Middle Ridge rental market trends

The rental market in Middle Ridge is experiencing notable growth, with house rents increasing by 6.5% over the past year to $660 per week, while unit rents have surged 14.4% to $515 per week. This suburb is becoming increasingly attractive for both renters and investors, driven by its appealing lifestyle and strong rental demand.

Suburbs near Middle Ridge

Some popular suburbs near Middle Ridge include:

How does Middle Ridge compare to nearby suburbs?

  • Median house prices: Middle Ridge’s median house price is 79.6% higher than Warwick’s.
  • House price growth: Property prices in nearby Cranley have risen 6.6% more than in Middle Ridge over the past year.
  • Unit price growth: Property prices in nearby Warwick have risen 24.7% more than in Middle Ridge over the past year.
  • Selling speed for houses: Properties in Middle Ridge are selling 4.9% faster than in Warwick.

Common questions about Middle Ridge

  • Is Middle Ridge a nice place to live?

    Middle Ridge is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to live. Nestled in the southern part of Toowoomba, this charming suburb is known for its tranquil residential atmosphere and lush greenery, providing a picturesque setting for its residents. The tree-lined streets and well-maintained parks contribute to a peaceful lifestyle, while the strong sense of community ensures a welcoming environment for families and retirees alike. With its proximity to quality schools and amenities, Middle Ridge is an ideal choice for those seeking a balanced lifestyle with the benefits of both urban and suburban living.

    Families will find Middle Ridge particularly appealing due to its spacious homes and easy access to educational facilities. The suburb's proximity to the Toowoomba CBD means that residents can enjoy the conveniences of city life without sacrificing the tranquility of suburban living. Safety is generally not a major concern, and the community's established nature fosters a sense of stability and belonging. While Middle Ridge may not offer the bustling nightlife of more urban areas, it compensates with its peaceful environment and the promise of a close-knit community.

    One trade-off of living in Middle Ridge is the limited availability of rental properties, which suggests a less transient population and a strong commitment to home ownership. This stability is a significant draw for those looking to settle down long-term. Additionally, ongoing developments such as the expansion of the Toowoomba Golf Club and upgrades to local schools are set to enhance the suburb's appeal further. While these developments may lead to increased property values, they also promise improved amenities and recreational options for residents. Overall, Middle Ridge offers a delightful blend of serenity, community, and convenience, making it a highly desirable place to call home.

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  • Is it expensive to live in Middle Ridge?

    Living in Middle Ridge can be considered relatively expensive, especially when compared to other areas in the region. The current median house price is around $985,500, which indicates a significant investment for those looking to purchase property. For units, the median price is more affordable at $460,000, offering a slightly more budget-friendly option for buyers.

    When it comes to renting, the average rent for houses is approximately $630 per week, while units are more affordable at $425 per week. These rental prices suggest that a substantial portion of household income would be allocated towards housing costs. The average weekly household income in Middle Ridge is $2,177, translating to an annual income of about $113,000. This figure is quite competitive compared to other areas, but it still means that housing costs could take up a significant part of the budget.

    Overall, if you are thinking of living in Middle Ridge, it's important to consider the financial commitment required, particularly for housing. While the suburb offers a desirable lifestyle with its amenities and community feel, the cost of living, especially in terms of property prices and rent, is on the higher side. Carefully evaluating your financial situation is crucial to ensure it aligns with the expenses of residing in this appealing suburb.

    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 Middle Ridge a good place to invest?

    Middle Ridge is showing promising signs as a place to invest, especially if you're looking at the real estate market. Over the past year, the suburb has experienced a significant increase in property values, with median house values rising by 11.9% and unit values surging by an impressive 23.1%. This indicates a strong demand for properties in the area, which is a positive signal for potential investors.

    When it comes to rental income, Middle Ridge has seen a 5.0% increase in rent for houses, which suggests a healthy rental market. Although the rent for units hasn't changed over the last year, the substantial growth in unit values suggests that there is still strong interest in this type of property. This could mean that investing in units might offer good capital growth potential, even if rental yields haven't increased yet.

    Overall, Middle Ridge presents a compelling opportunity for investors looking for both capital appreciation and rental income. The recent growth in property values and the steady increase in house rents make it an attractive option for those seeking a stable investment with the potential for future gains. As always, it's important to consider your own investment goals and do thorough research, but Middle Ridge certainly has the makings of a solid investment choice.

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Choose the right real estate agents in Middle Ridge

Currently, there are 64 real estate agents working in Middle Ridge—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 64 agents sold 27.5% of all properties in Middle Ridge over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Middle Ridge typically charge a commission of 2% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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