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
Middle Ridge’s property market has experienced notable growth over the past 12 months, with house values increasing by 11.9% and unit values surging by 23.1%. The median house price has reached $985,500, while units have averaged $460,000, indicating strong demand across both property types.
Sales activity has been robust, with 44 houses and 3 units sold in the past 12 months. Houses are selling quickly, with a median of 24 days on the market, while units are moving even faster at 14 days, reflecting high buyer interest.
In the rental market, house rents have increased by 5.0% over the last year, with an average rent of $630. Meanwhile, unit rents have remained stable at $425, showing no change over the same period.
Median price - houses$993KPast 3 months
Median price - units$460KPast 3 months
Change in value - houses11.5%12 months
Change in value - units20.9%12 months
Houses sold36Past 3 months
Units sold5Past 3 months
Median DOM - houses24Past 12 months
Median DOM - units15Past 12 months
Average rent - houses$630Past 12 months
Average rent - units$425Past 12 months
Change in rent - houses5.0%Past 12 months
Change in rent - units1.2%Past 12 months
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 has shown modest growth, with house rents increasing by 5% over the past year to $630 per week, while unit rents have remained stable at $425 per week. This stability in unit rents, combined with the slight rise in house rents, suggests a balanced market, making Middle Ridge an attractive option for both renters and investors seeking steady returns.
Suburbs near Middle Ridge
Some popular suburbs near Middle Ridge include: