Suburb Profile Report for Nudgee QLD (4014)

Nudgee House: Median price $710,000, Annual capital growth 3.70%, Number of sales 62, Weekly median advertised rent $550

Nudgee Unit: Median price $506,000, Annual capital growth 4.48%, Number of sales 19, Weekly median advertised rent N/A

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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With a capital gain of 10.08% for the last 12 months, Nudgee, 4014 has performed for property investments than its average annual 3.70% property growth over the last 5 years.

Nudgee,4014 was ranked 1569 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -3.65% to buyers in Nudgee at the moment, which is less than average for the rest of QLD.

Advertised rents are around the $550 mark per week – giving a return of 4.03% based on the median price in Suburb

Property investors who have had real estate in Nudgee, 4014 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.53%

While Nudgee,4014 ranked number 216th in QLD for increase in median house value (annualised) increase, it is ranked 352th over the last 5 years.

At number 575 in a list of fastest selling suburbs, Nudgee is in the TOP 40% of suburbs in Australia with an average of days on market 55.9167 for properties listed there.

Information supplied by:


December 2017

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Supply falls in beachside suburb

Postcode: 4014

Median unit price: $460,000

Stock on market: -50.7%

12-month growth: 1.8%

In Nudgee, 13km north of the Brisbane CBD, residents enjoy a peaceful, serene lifestyle, close to the beach. It’s a short commute for those travelling to work or play in Fortitude Valley, and has seen several new estates crop up over recent years, making it popular with young families due to its affordability and safety.

The property market in Nudgee has been flat this quarter, with the current median price of units is $460,000, up a mere 0.1%, and houses are up just 0.5% to $640,000.

The number of properties on the market has plummeted, from 75 houses last year to just 35 this year, a drop of 50%, with each house spending an average of 77 days listed before selling.

Nudgee offers strong yields for investors, with units renting at $450 a week on average and houses $535, yielding 5.1% and 4.3% respectively.

Metrics i HOUSE UNIT
$710,000 $506,000
5.58% 1.61%
10.08% 6.53%
3.70% 4.48%
$550 N/A
62 19
4.03% N/A
35.265306122449 55.9166666666667

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2855
Median household income ($/weekly) 1684
Median age of persons 37
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 350 12.3
    25-34 years 402 14.1
    35-44 years 477 16.7
    45-54 years 354 12.4
    55-64 years 271 9.5
    Others 1001 35.1
    Age Group
    Census Count Percent(%)
    Registered Married 980 49.4
    Not Married 796 40.1
    Defacto Relationship 207 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2230 81.4
    Indonesia 67 2.4
    Papua New Guinea 100 3.6
    United Kingdom 87 3.2
    Other 54 2.0
    Others 203 7.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 29 1.1
    Christianity 2056 77.6
    Hinduism 14 0.5
    Other Religious Groups 46 1.7
    No Religion 492 18.6
    Others 14 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 74 8.9
    $1,500-$1,999 128 15.4
    $2,000-$2,499 99 11.9
    $2,500-$2,999 97 11.7
    $3,000-$3,499 75 9.0
    Others 358 43.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 927 42.0
    Not in the labour force 715 32.4
    Employed, worked part-time 415 18.8
    Employed, away from work 93 4.2
    Unemployed, looking for work 57 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 153 10.7
    Professionals 324 22.6
    Technicians & trades workers 198 13.8
    Clerical & administrative workers 274 19.1
    Labourers 132 9.2
    Others 355 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 28 4.4
    Infants/Primary 241 37.8
    Secondary 155 24.3
    Technical or Further Educational Institution 64 10.0
    University or other Tertiary Institutions 129 20.3
    Others 20 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2569 99.3
    Semi-detached, row or terrace house, townhouse 14 0.5
    House or flat attached to a shop, office 5 0.2
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 418 45.9
    Fully owned 295 32.4
    Rented 197 21.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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