Suburb Profile Report for Nambour QLD (4560)

Nambour House: Median price $410,000, Annual capital growth 1.69%, Number of sales 207, Weekly median advertised rent $420

Nambour Unit: Median price $277,250, Annual capital growth 0.43%, Number of sales 67, Weekly median advertised rent $315

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

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

  • House Report
  • Unit Report

At number 1544th in the list of Australian suburbs ordered by increase in median house value over the last year, Nambour, 4560 is in the top 40% with a property value increase of 2.50% recorded in median house prices.

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

Our latest figures would indicate that property sellers in Nambour are currently offering property investors an average price cut of -5.30% below the asking price at the moment.

In the last year 207 properties changed hands in Nambour, which puts it as the 47th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $420 mark per week – giving a return of 5.33% based on the median price in Suburb

Investment property in Nambour has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.22%

While Nambour,4560 ranked number 76th in QLD for increase in median house value (annualised) increase, it is ranked 29th over the last 5 years.

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 Nambour, 4560. Typically our figures indicate that -5.53% is being offered, which puts this QLD suburb at 631th most discounted overall in Australia.

Often selling an investment property can take time, and in Nambour the average time real estate has been on the market is 87.0189 days.

Renters in Suburb are facing rents around $16354 per annum or $314.5 every week.

Metrics i HOUSE UNIT
$410,000 $277,250
0.00% 2.69%
2.50% 5.22%
1.69% 0.43%
$420 $315
207 67
5.33% 5.90%
70.7865853658537 87.0188679245283

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

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 10222
Median household income ($/weekly) 847
Median age of persons 39
Median housing loan repayment ($/monthly) 1600
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1296 12.7
    25-34 years 1308 12.8
    35-44 years 1260 12.3
    45-54 years 1254 12.3
    55-64 years 1165 11.4
    Others 3938 38.5
    Age Group
    Census Count Percent(%)
    Not Married 3303 45.8
    Registered Married 3120 43.2
    Defacto Relationship 795 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 8067 83.2
    Greece 69 0.7
    Papua New Guinea 336 3.5
    United Kingdom 517 5.3
    Other 252 2.6
    Others 458 4.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 144 1.6
    Christianity 6045 66.2
    Islam 50 0.5
    Other Religious Groups 52 0.6
    No Religion 2792 30.6
    Others 54 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 604 16.9
    $600-$799 455 12.7
    $800-$999 399 11.2
    $1,000-$1,249 358 10.0
    $1,500-$1,999 377 10.5
    Others 1381 38.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3314 42.7
    Employed, worked full-time 2286 29.5
    Employed, worked part-time 1504 19.4
    Unemployed, looking for work 382 4.9
    Employed, away from work 274 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 651 16.0
    Technicians & trades workers 647 15.9
    Community & personal service workers 555 13.7
    Clerical & administrative workers 578 14.2
    Labourers 590 14.5
    Others 1042 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 120 5.7
    Infants/Primary 836 40.1
    Secondary 571 27.4
    Technical or Further Educational Institution 211 10.1
    University or other Tertiary Institutions 282 13.5
    Others 67 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7489 79.5
    Flat, unit or apartment 1483 15.7
    Semi-detached, row or terrace house, townhouse 440 4.7
    House or flat attached to a shop, office 7 0.1
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1507 38.9
    Being purchased 1260 32.5
    Fully owned 1044 26.9
    Other tenure type 65 1.7
    Tenure Type
Census 2011, ABS
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