Nerang has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 2.93% to date .
Comparing Nerang,4211 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Nerang is $422000, with sellers offering an average of -5.45% off the asking price.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 2.84%, investors should hope to achieve an overall return of 5.30%
QLD has seen average median house prices change by 0.77% which means that Nerang, 4211 has done well for property investors by showing a capital gain of 0.33% over the last year
While Nerang,4211 ranked number 224th in QLD for increase in median house value (annualised) increase, it is ranked 157th over the last 5 years.
At number 215th of QLD’s most discounted properties, Nerang is in the TOP 40% of the state/territory when listing in order of most discounted to least.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 6.24%, without taking into account capital value appreciation, which has been averaging out at 2.01%.