3 Mount Emerald Street, Park Ridge QLD 4125 – Mayfair Park

$695,500

  • 4
  • 2
  • 2
  • 400m²
  • H & L

Welcome to Mayfair Park, a vibrant new estate located just 39km south of Brisbane. The suburb’s population growth has consistently outperformed Greater Brisbane, making it an attractive investment prospect. Over the past decade, the suburb of Park Ridge experienced a remarkable 64.2% rise in population, and during the 2016 Census period, it witnessed a significant 56.6% increase. This trend is set to continue, with an estimated gain of 13.4% in total population over the next 11 years, making it a dynamic and growing community.

Park Ridge represents a key greenfield opportunity within South East Queensland. With a master plan covering an area of 2,450 hectares in place to lead the area into the future, the face of Park Ridge will change as new communities, infrastructure and amenity evolve over the coming years.

Exciting development projects are already underway, including the construction of a new state school and high school, as well as the Logan Hospital expansion. In addition, the upcoming Brisbane 2032 Olympic and Paralympic Games will bring significant investment and infrastructure development to the area, creating new employment opportunities and stimulating the local economy.

Please click the link below for even more property and suburb insights:

>>BuyCloud presents: Choice Homes 3 Mount Emerald, Park Ridge

Overview

  • $264.92/m

  • 35.31%

  • 5.01%

  • 3.54%

The estimated cash flow is reflective of a 90% P&I loan with an interest rate of 5.5% over a 30 year term. (Rental income + First year tax depreciation) – (*Loan Repayments + Council Rates + Water rates + Body Corp./Strata when applicable) = Estimated cash flow position
Property breakdown
Home area188.08 m²
Build price$357,500
Land price$338,000
Title Status26/10/2023
Contract typeSplit
Storeys1
Council Rates*$125/m
Water Rates*$35/m
Tax depreciation*$1076/m
Rental Income*$2903/m
* these figures are an estimate only, based on current average rates and current relevant figures.

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