Suburb Profile Report for Nerang QLD (4211)

Nerang House: Median price $430,000, Annual capital growth 2.85%, Number of sales 285, Weekly median advertised rent $430

Nerang Unit: Median price $302,000, Annual capital growth 2.08%, Number of sales 210, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Nerang has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.99%

A 19.78% growth in median value for property investors in Nerang,4211 puts this suburb at number 326th in terms of best performing suburbs in QLD

Vendor discounting in Nerang is giving property investors an average Vendor Discount of around -5.48%. This puts suburb at number 560th in QLD when ranking the most discounted suburbs.

Advertised rents are around the $430 mark per week – giving a return of 5.20% based on the median price in Suburb

Over the last year, property investments in Nerang, 4211 have given investors a capital gain of 0.50%. This compares averagely with the 1.12% for QLD as a whole.

Comparing Nerang,4211 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Nerang4211 is located in QLD which offers an average discount of -6.00% to property investors. Nerang itself is showing figures that indicate -4.67% is the average achievable by property buyers investing in the suburb.

Nerang, 4211’s gross rental yield is 6.20%

HOUSE UNIT
$430,000 $302,000
1.18% -0.98%
2.99% 0.50%
2.85% 2.08%
$430 $360
285 210
5.20% 6.20%
52.73 70.89

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 16256
Median household income ($/weekly) 1007
Median age of persons 38
Median housing loan repayment ($/monthly) 1850
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 2176 13.4
    25-34 years 2100 12.9
    35-44 years 2313 14.2
    45-54 years 2155 13.3
    55-64 years 1832 11.3
    Others 5680 34.9
    Age Group
    Census Count Percent(%)
    Not Married 5238 44.9
    Registered Married 5090 43.6
    Defacto Relationship 1347 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 11187 73.3
    Papua New Guinea 1588 10.4
    Philippines 125 0.8
    United Kingdom 972 6.4
    Other 484 3.2
    Others 912 6.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 209 1.4
    Christianity 10446 71.5
    Islam 76 0.5
    Other Religious Groups 95 0.6
    No Religion 3721 25.5
    Others 71 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 652 12.2
    $600-$799 572 10.7
    $800-$999 583 10.9
    $1,000-$1,249 520 9.8
    $1,500-$1,999 701 13.1
    Others 2304 43.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4348 35.9
    Employed, worked full-time 4200 34.6
    Employed, worked part-time 2482 20.5
    Unemployed, looking for work 686 5.7
    Employed, away from work 411 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 939 13.2
    Technicians & trades workers 1236 17.4
    Clerical & administrative workers 1016 14.3
    Sales 883 12.5
    Labourers 982 13.8
    Others 2035 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 204 6.0
    Infants/Primary 1438 42.4
    Secondary 961 28.3
    Technical or Further Educational Institution 297 8.8
    University or other Tertiary Institutions 380 11.2
    Others 112 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11172 73.9
    Semi-detached, row or terrace house, townhouse 3463 22.9
    Flat, unit or apartment 290 1.9
    Caravan, cabin, houseboat 189 1.2
    House or flat attached to a shop, office 7 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2208 38.3
    Rented 1991 34.5
    Fully owned 1361 23.6
    Other tenure type 208 3.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals