Suburb Profile Report for Nerang QLD (4211)

Nerang House: Median price $453,000, Annual capital growth 1.78%, Number of sales 202, Weekly median advertised rent $460

Nerang Unit: Median price $305,000, Annual capital growth 0.75%, Number of sales 90, Weekly median advertised rent $375

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Nerang, 4211 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -3.62%.

A 17.36% growth in median value for property investors in Nerang,4211 puts this suburb at number 514th in terms of best performing suburbs in QLD

Property buyers and investors in Nerang 4211 should be seeing an average reduction in asking price of around -5.49% . This means that Nerang is holding prices well when compared to other suburbs in QLD.

On average over the past year, suburb has had 16.83 sales per month, which equates to 202 per year.

Nerang is 250th on a list of best yielding suburbs for rents in QLD with a 5.28% return

Nerang is an average performer in QLD when comparing median price capital growth over the last year. Nerang gave property investors a average capital gain figure when compared to the rest of the state, with -1.61%.

Nerang,4211 has offered an average of -1.61% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Nerang 4211 should be seeing an average reduction in asking price of around -5.74% . This means that Nerang is holding prices well when compared to other suburbs in QLD.

At number 800 in a list of fastest selling suburbs, Nerang is just in the bottom half of suburbs in Australia with an average of days on market 87.2813 for properties listed there.

Nerang is 86th on a list of best yielding suburbs for rents in QLD with a 6.39% return

Metrics i HOUSE UNIT
$453,000 $305,000
-0.44% -1.61%
-3.62% -1.61%
1.78% 0.75%
$460 $375
202 90
5.28% 6.39%
56.6931818181818 87.28125

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 16256
Median household income ($/weekly) 1007
Median age of persons 38
Median housing loan repayment ($/monthly) 1850
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 2176 13.4
    25-34 years 2100 12.9
    35-44 years 2313 14.2
    45-54 years 2155 13.3
    55-64 years 1832 11.3
    Others 5680 34.9
    Age Group
    Census Count Percent(%)
    Not Married 5238 44.9
    Registered Married 5090 43.6
    Defacto Relationship 1347 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 11187 73.3
    Papua New Guinea 1588 10.4
    Philippines 125 0.8
    United Kingdom 972 6.4
    Other 484 3.2
    Others 912 6.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 209 1.4
    Christianity 10446 71.5
    Islam 76 0.5
    Other Religious Groups 95 0.6
    No Religion 3721 25.5
    Others 71 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 652 12.2
    $600-$799 572 10.7
    $800-$999 583 10.9
    $1,000-$1,249 520 9.8
    $1,500-$1,999 701 13.1
    Others 2304 43.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4348 35.9
    Employed, worked full-time 4200 34.6
    Employed, worked part-time 2482 20.5
    Unemployed, looking for work 686 5.7
    Employed, away from work 411 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 939 13.2
    Technicians & trades workers 1236 17.4
    Clerical & administrative workers 1016 14.3
    Sales 883 12.5
    Labourers 982 13.8
    Others 2035 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 204 6.0
    Infants/Primary 1438 42.4
    Secondary 961 28.3
    Technical or Further Educational Institution 297 8.8
    University or other Tertiary Institutions 380 11.2
    Others 112 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11172 73.9
    Semi-detached, row or terrace house, townhouse 3463 22.9
    Flat, unit or apartment 290 1.9
    Caravan, cabin, houseboat 189 1.2
    House or flat attached to a shop, office 7 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2208 38.3
    Rented 1991 34.5
    Fully owned 1361 23.6
    Other tenure type 208 3.6
    Tenure Type
Census 2011, ABS
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