2 Melford Street Petrie Terrace QLD 4000
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Charming Cottage with Huge Potential in Prime Location!
Property Details for 2 Melford St, Petrie Terrace
2 Melford St, Petrie Terrace is a 3 bedroom, 2 bathroom House with 2 parking spaces. The place is currently for sale with Ray White New Farm.
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About Petrie Terrace 4000
The size of Petrie Terrace is approximately 0.3 square kilometres. It has 2 parks covering nearly 6.4% of total area. The population of Petrie Terrace in 2011 was 1,183 people. By 2016 the population was 1,134 showing a population decline of 4.1% in the area during that time. The predominant age group in Petrie Terrace is 20-29 years. Households in Petrie Terrace are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Petrie Terrace work in a professional occupation. In 2011, 39.7% of the homes in Petrie Terrace were owner-occupied compared with 38.9% in 2016.
Petrie Terrace has 636 properties. Over the last 5 years, Houses in Petrie Terrace have seen a 54.64% increase in median value, while Units have seen a 14.62% increase. As at 31 October 2024:
- The median value for Houses in Petrie Terrace is $1,380,414 while the median value for Units is $558,122.
- Houses have a median rent of $700 while Units have a median rent of $435.
Suburb Insights for Petrie Terrace 4000
Market Insights
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