If you compare the increase in value of investment property in Nanango, 4615 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 -5.06%.
Nanango,4615 was ranked 3382 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Nanango should be aiming for at least -10.16% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Nanango the average time real estate has been on the market is 130.674 days.
With the median price for a house in Nanango being $197000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 6.86%
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Idyllic atmosphere brings in buyers
Median house price: $207,000
Three-year growth: 10.4%
Rental yield: 6.0%
Situated in south east Queensland, Nanango is a country town located approximately 175km north-west of Brisbane, and around 20 minutes’ drive from Kingaroy. The region is fast building a reputation as an idyllic regional retreat to visit, due to its large recreational dams, wineries, beautiful climate and proximity to Brisbane, Toowoomba and the Sunshine Coast.
It also has the distinct honour of being the second-largest town in the South Burnett, as well as the 4th oldest town in all of Queensland.
Home around 4,500 residents, Nanango is surrounded by rural and agricultural industries including beef and pork production, dairy farms, small crops, grapes and olives. Though a devastating fire wiped out much of the town in the 1940s, a number of historic buildings do remain.