Property value increases in Nerang have tracked just higher than the QLD average of 2.39% over the last 12 months.
Taking the average capital gain, or increase in median house value, Nerang,4211 has racked up an average of 5.26% over the period. This ranks it number 1978th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Nerang, 4211. Typically our figures indicate that -4.73% is being offered, which puts this QLD suburb at 2635th most discounted overall in Australia.
On average over the past year, suburb has had 19.50 sales per month, which equates to 234 per year.
Using the current median advertised rental of $437.5 and the average annual increase in value of a median property of 2.87%, investors should hope to achieve an overall return of 5.17%
Nerang, 4211 ranked 162th in QLD when comparing growth in median property values or capital gain over the last 12 months. Nerang is one of 2415 in our list for QLD
Nerang,4211 has offered an average of 1.67% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Nerang should be aiming for at least -4.94% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.