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%.