Suburb Profile Report for Narangba QLD (4504)

Narangba House: Median price $445,000, Annual capital growth 2.59%, Number of sales 408, Weekly median advertised rent $420

Narangba Unit: Median price $340,000, Annual capital growth 1.17%, Number of sales 13, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3089th in the list of Australian suburbs ordered by increase in median house value over the last year, Narangba, 4504 is in the BOTTOM 30% with a property value increase of -1.55% recorded in median house prices.

Narangba,4504 was ranked 3230 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -4.57% to buyers in Narangba at the moment, which is less than average for the rest of QLD.

At number 1316 in a list of fastest selling suburbs, Narangba is in the TOP 40% of suburbs in Australia with an average of days on market 68.66 for properties listed there.

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

Investment property in Narangba has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.59%

Over the longer term, Narangba has seen property prices show investors a 1.49% return over the last 3 years. This is an improvement over the last 12 months

Advertised rents are around the $350 mark per week – giving a return of 5.35% based on the median price in Suburb

Metrics i HOUSE UNIT
$445,000 $340,000
-1.44% N/A
-1.55% 5.59%
2.59% 1.17%
$420 $350
408 13
4.91% 5.35%
68.66 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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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