At number 4053th in the list of Australian suburbs ordered by increase in median house value over the last year, Nanango, 4615 is in the BOTTOM 10% with a property value increase of -4.55% recorded in median house prices.
Comparing Nanango,4615 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Nanango are currently offering property investors an average price cut of -6.23% below the asking price at the moment.
On average over the past year, suburb has had 10.50 sales per month, which equates to 126 per year.
Property investors should expect to get $270 weekly from the median priced house in this suburb.
Information supplied by:
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.