Suburb Profile Report for Nanango QLD (4615)

Nanango House: Median price $206,000, Annual capital growth 2.12%, Number of sales 66, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report

Nanango has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 14.44% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Nanango comes in at number 539th in QLD.

Property investors looking for a bargain in Nanango should be aiming for at least -11.09% off the asking price, which is the average vendor discount being achieved at the moment.

A $240 per week rent on the median house gives suburb investors a gross yield of circa 6.06%, without taking into account capital value appreciation, which has been averaging out at 2.12%.

Metrics i HOUSE UNIT
$206,000 N/A
1.73% N/A
14.44% N/A
2.12% N/A
$240 N/A
66 N/A
6.06% N/A
121.83 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 3795
Median household income ($/weekly) 691
Median age of persons 43
Median housing loan repayment ($/monthly) 1157
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 529 13.9
    35-44 years 416 11.0
    45-54 years 469 12.4
    55-64 years 556 14.7
    65-74 years 524 13.8
    Others 1301 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 1285 48.2
    Not Married 1135 42.6
    Defacto Relationship 247 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3180 87.2
    Papua New Guinea 98 2.7
    Philippines 30 0.8
    United Kingdom 217 6.0
    Other 41 1.1
    Others 80 2.2
    Country of Birth
    Census Count Percent(%)
    Christianity 2405 70.0
    No Religion 955 27.8
    Buddhism 43 1.3
    Other Religious Groups 27 0.8
    Islam 6 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 191 14.5
    $400-$599 261 19.9
    $600-$799 200 15.2
    $800-$999 126 9.6
    $1,500-$1,999 125 9.5
    Others 410 31.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1596 55.6
    Employed, worked full-time 669 23.3
    Employed, worked part-time 398 13.9
    Unemployed, looking for work 115 4.0
    Employed, away from work 91 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 158 13.6
    Technicians & trades workers 187 16.1
    Sales 122 10.5
    Machinery operators & drivers 140 12.1
    Labourers 205 17.7
    Others 346 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 28 3.7
    Infants/Primary 339 44.6
    Secondary 258 33.9
    Technical or Further Educational Institution 84 11.1
    University or other Tertiary Institutions 31 4.1
    Others 20 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3340 94.6
    Flat, unit or apartment 142 4.0
    Caravan, cabin, houseboat 41 1.2
    Improvised home, tent, sleepers out 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 522 36.4
    Rented 495 34.5
    Being purchased 411 28.7
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
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