Suburb Profile Report for Nanango QLD (4615)

Nanango House: Median price $197,000, Annual capital growth -1.47%, Number of sales 63, Weekly median advertised rent $260

  • 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.

  • Expert Report
  • House Report

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%

Information supplied by:


November 2017

M
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W
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Idyllic atmosphere brings in buyers

Postcode: 4615

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.

Metrics i HOUSE UNIT
$197,000 N/A
-1.50% N/A
-5.06% N/A
-1.47% N/A
$260 N/A
63 N/A
6.86% N/A
130.674418604651 N/A

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 : Balanced (H), Balanced (U)
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Demographics
Total population 3795
Median household income ($/weekly) 691
Median age of persons 43
Median housing loan repayment ($/monthly) 1157
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 529 13.9
    35-44 years 416 11.0
    45-54 years 469 12.4
    55-64 years 556 14.7
    65-74 years 524 13.8
    Others 1301 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 1285 48.2
    Not Married 1135 42.6
    Defacto Relationship 247 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3180 87.2
    Papua New Guinea 98 2.7
    Philippines 30 0.8
    United Kingdom 217 6.0
    Other 41 1.1
    Others 80 2.2
    Country of Birth
    Census Count Percent(%)
    Christianity 2405 70.0
    No Religion 955 27.8
    Buddhism 43 1.3
    Other Religious Groups 27 0.8
    Islam 6 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 191 14.5
    $400-$599 261 19.9
    $600-$799 200 15.2
    $800-$999 126 9.6
    $1,500-$1,999 125 9.5
    Others 410 31.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1596 55.6
    Employed, worked full-time 669 23.3
    Employed, worked part-time 398 13.9
    Unemployed, looking for work 115 4.0
    Employed, away from work 91 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 158 13.6
    Technicians & trades workers 187 16.1
    Sales 122 10.5
    Machinery operators & drivers 140 12.1
    Labourers 205 17.7
    Others 346 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 28 3.7
    Infants/Primary 339 44.6
    Secondary 258 33.9
    Technical or Further Educational Institution 84 11.1
    University or other Tertiary Institutions 31 4.1
    Others 20 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3340 94.6
    Flat, unit or apartment 142 4.0
    Caravan, cabin, houseboat 41 1.2
    Improvised home, tent, sleepers out 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 522 36.4
    Rented 495 34.5
    Being purchased 411 28.7
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
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