Suburb Profile Report for Nerang QLD (4211)

Nerang House: Median price $465,000, Annual capital growth 2.62%, Number of sales 234, Weekly median advertised rent $430

Nerang Unit: Median price $325,000, Annual capital growth 1.84%, Number of sales 187, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Nerang, 4211 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 9.41%

A 33.81% growth in median value for property investors in Nerang,4211 puts this suburb at number 160th in terms of best performing suburbs in QLD

Our latest figures would indicate that property sellers in Nerang are currently offering property investors an average price cut of -0.84% below the asking price at the moment.

On average over the past year, suburb has had 19.50 sales per month, which equates to 234 per year.

Nerang, 4211 ranked 101th in QLD when comparing growth in median property values or capital gain over the last 12 months. Nerang is one of 2415 in our list for QLD

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Nerang has increased when compared to the 5 year average annual rate.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.49% offered to property buyers. Sellers in Nerang itself are offering an average vendor discount of -2.41% to real estate investors.

On average over the past year, suburb has had 15.58 sales per month, which equates to 187 per year.

A $365 per week rent on the median house gives suburb investors a gross yield of circa 5.84%, without taking into account capital value appreciation, which has been averaging out at 1.84%.

Metrics i HOUSE UNIT
$465,000 $325,000
3.33% 1.56%
9.41% 4.79%
2.62% 1.84%
$430 $365
234 187
4.81% 5.84%
6.9 22.16

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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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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