Suburb Profile Report for Narangba QLD (4504)

Narangba House: Median price $459,000, Annual capital growth 2.79%, Number of sales 391, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report

Investment property in Narangba has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.00%

Narangba,4504 was ranked 1829 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Narangba should be aiming for at least -4.92% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 32.58 sales per month, which equates to 391 per year.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 2.79%, investors should hope to achieve an overall return of 4.76%

Metrics i HOUSE UNIT
$459,000 N/A
2.00% N/A
2.00% N/A
2.79% N/A
$420 N/A
391 N/A
4.76% N/A
68.53 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 16223
Median household income ($/weekly) 1695
Median age of persons 31
Median housing loan repayment ($/monthly) 2167
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 1494 9.2
    5-14 years 3067 18.9
    25-34 years 2136 13.2
    35-44 years 2952 18.2
    45-54 years 2072 12.8
    Others 4502 27.8
    Age Group
    Census Count Percent(%)
    Registered Married 6354 58.1
    Not Married 3393 31.0
    Defacto Relationship 1193 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 12786 81.5
    Papua New Guinea 841 5.4
    South Africa 132 0.8
    United Kingdom 1160 7.4
    Other 290 1.8
    Others 470 3.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 83 0.6
    Christianity 10665 71.3
    Hinduism 41 0.3
    Other Religious Groups 54 0.4
    No Religion 4098 27.4
    Others 22 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 439 10.1
    $1,250-$1,499 436 10.0
    $1,500-$1,999 784 18.0
    $2,000-$2,499 713 16.4
    $2,500-$2,999 474 10.9
    Others 1505 34.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5351 47.5
    Not in the labour force 2654 23.6
    Employed, worked part-time 2324 20.6
    Employed, away from work 485 4.3
    Unemployed, looking for work 450 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 883 10.8
    Professionals 1232 15.1
    Technicians & trades workers 1451 17.8
    Clerical & administrative workers 1454 17.8
    Sales 863 10.6
    Others 2275 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 245 5.4
    Infants/Primary 2142 46.9
    Secondary 1319 28.9
    Technical or Further Educational Institution 295 6.5
    University or other Tertiary Institutions 437 9.6
    Others 125 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 15469 98.8
    Semi-detached, row or terrace house, townhouse 90 0.6
    Flat, unit or apartment 80 0.5
    House or flat attached to a shop, office 7 0.0
    Caravan, cabin, houseboat 4 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2834 58.8
    Rented 1061 22.0
    Fully owned 913 19.0
    Other tenure type 8 0.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals