Investment property in Nanango 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 2.50%
Nanango,4615 was ranked 1172 in Australia by increase in median property value over the quarter.
At number 74th of QLD’s most discounted properties, Nanango is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Nanango have been waiting around 148.118 days to sell a property.
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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.