Suburb Profile Report for Nudgee QLD (4014)

Nudgee House: Median price $650,500, Annual capital growth 3.84%, Number of sales 52, Weekly median advertised rent $550

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report

Giving property investors a a solid capital gain of 7.52% for the last year, Nudgee, 4014 is the 664th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Nudgee,4014 has racked up an average of 7.52% over the period. This ranks it number 2093th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Nudgee, 4014. Typically our figures indicate that -4.92% is being offered, which puts this QLD suburb at 2664th most discounted overall in Australia.

Often selling an investment property can take time, and in Nudgee the average time real estate has been on the market is 62.2245 days.

Information supplied by:


December 2017

M
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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
$650,500 N/A
-0.54% N/A
7.52% N/A
3.84% N/A
$550 N/A
52 N/A
4.40% N/A
62.2244897959184 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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