Suburb Profile Report for Narangba QLD (4504)

Narangba House: Median price $530,000, Annual capital growth 2.44%, Number of sales 444, Weekly median advertised rent $435

  • 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.

  • House Report

If you compare the increase in value of investment property in Narangba, 4504 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 6.64%.

Over the longer term, Narangba has seen property prices show investors a 11.58% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Narangba is giving property investors an average Vendor Discount of around -3.35%. This puts suburb at number 646th in QLD when ranking the most discounted suburbs.

At number 349 in a list of fastest selling suburbs, Narangba is in the TOP 10% of suburbs in Australia with an average of days on market 30.8726 for properties listed there.

Advertised rents are around the $435 mark per week – giving a return of 4.27% based on the median price in Suburb

Metrics i HOUSE UNIT
$530,000 N/A
3.92% N/A
6.64% N/A
2.44% N/A
$435 N/A
444 N/A
4.27% N/A
30.8725761772853 N/A

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 16223
Median household income ($/weekly) 1695
Median age of persons 31
Median housing loan repayment ($/monthly) 2167
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 1494 9.2
    5-14 years 3067 18.9
    25-34 years 2136 13.2
    35-44 years 2952 18.2
    45-54 years 2072 12.8
    Others 4502 27.8
    Age Group
    Census Count Percent(%)
    Registered Married 6354 58.1
    Not Married 3393 31.0
    Defacto Relationship 1193 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 12786 81.5
    Papua New Guinea 841 5.4
    South Africa 132 0.8
    United Kingdom 1160 7.4
    Other 290 1.8
    Others 470 3.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 83 0.6
    Christianity 10665 71.3
    Hinduism 41 0.3
    Other Religious Groups 54 0.4
    No Religion 4098 27.4
    Others 22 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 439 10.1
    $1,250-$1,499 436 10.0
    $1,500-$1,999 784 18.0
    $2,000-$2,499 713 16.4
    $2,500-$2,999 474 10.9
    Others 1505 34.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5351 47.5
    Not in the labour force 2654 23.6
    Employed, worked part-time 2324 20.6
    Employed, away from work 485 4.3
    Unemployed, looking for work 450 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 883 10.8
    Professionals 1232 15.1
    Technicians & trades workers 1451 17.8
    Clerical & administrative workers 1454 17.8
    Sales 863 10.6
    Others 2275 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 245 5.4
    Infants/Primary 2142 46.9
    Secondary 1319 28.9
    Technical or Further Educational Institution 295 6.5
    University or other Tertiary Institutions 437 9.6
    Others 125 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 15469 98.8
    Semi-detached, row or terrace house, townhouse 90 0.6
    Flat, unit or apartment 80 0.5
    House or flat attached to a shop, office 7 0.0
    Caravan, cabin, houseboat 4 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2834 58.8
    Rented 1061 22.0
    Fully owned 913 19.0
    Other tenure type 8 0.2
    Tenure Type
Census 2011, ABS
Chart Table