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%