Middle Park Buyers’ Agent’s Guide

Are you looking to purchase a home or investment property in Middle Park? As a Middle Park Buyers’ Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Middle Park property purchase!

Description

Middle Park is one of the six Centenary Suburbs located 14km south west of the Brisbane CBD. The suburb is best known for its quiet, family-friendly streets. Middle Park is bordered by the suburbs of Westlake, Mt Ommaney, Jamboree Heights, Sumner and Riverhills.

Middle Park Map

Demographics

The population of Middle Park in 2016 was around 3,930. 80.9% of households in Middle Park are owner occupied and consistent predominantly of couples with children (50-59 years old).

Shops, restaurants and entertainment

Middle Park’s main shopping and café precinct is located on the corner of Riverhills Road and Horizon Drive.

Transport

Buses connect Middle Park with the surrounding Centenary Suburbs and the Brisbane CBD via the Centenary Highway.

Schools

The area is home to a number of great private and public schools including Good News Lutheran School, Middle Park State School, Jamboree Heights State School and Centenary State High School.

Parks and Green spaces

There is an abundance of small parks in the suburb. Walking and cycling paths along the Brisbane River are a short walk away.

Major employers

There are many employment options in the surrounding areas for Middle Park residents including Mt Ommaney shopping centre, Brisbane Correctional Centre and a variety of businesses in a large industrial park in neighbouring Sumner.

Most and least desirable areas

Most streets in Middle Park are quiet and leafy. Avoid houses in Horizon Drive and Riverhills Road as they are the busiest local streets.

Housing type and typical block size

The vast majority (90%) of properties in Middle Park are free standing houses.

Middle Park was developed in the 1970s with most housing constructed between 1980 and 1990. A typical Middle Park house is either a single or a double storey brick-and-tile dwelling. Many houses in the area have pools. A typical block size for this type of home is 600m2.

What can my money buy in Middle Park?

The median house price in Middle Park is $605,000 which is close to Brisbane’s median.

The median house price in Middle Park would typically buy a 4 bedroom, 2 bathroom house on a 600m2 block.

For example: 12 Sheoak Street Middle Park – sold for $605,000 in December 2019 (click to view listing and see images below)

Buying a home in Middle Park

Townhouses in Middle Park are typically 3 bedroom 2 bathroom properties.

For example: 28/62 Dewsbury Street Middle Park – sold for $446,000 in December 2019 (click to view listing and see images below).

Buying an investment property in Middle Park

How has the Middle Park property market been performing?

In the last 5 years the median house price has increased by 13%. Over the last 10 years, house prices have increased by 2% per annum.

Supply and demand characteristics for Middle Park

  • Average Days on Market: Houses 49 days.  Units:  41 days.
  • On average houses are selling 5% below their list price. Units typically sell at list price.
  • Middle Park’s auction clearance rates are 0% for houses, and 0% for units.
  • The average rental yield for houses is 4.18%, compared to 4.9% for units.
  • There is a shortage of houses currently listed for sale (1.1%), There are currently no units available for sale.
  • The rental vacancy rate for houses is 4.03%, compared to units 0%.

**Statistics are accurate for February 2020

 

Thinking about buying a property in Middle Park? Our Middle Park Buyers’ Agent is more than happy to have a chat. Please contact us.

For information about other Brisbane suburbs click here.