Suburb Profile Report for Nelly Bay QLD (4819)

Nelly Bay House: Median price $351,000, Annual capital growth 0.47%, Number of sales 32, Weekly median advertised rent $364

Nelly Bay Unit: Median price $327,500, Annual capital growth 13.00%, Number of sales 39, Weekly median advertised rent $360

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

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

  • House Report
  • Unit Report

Investment property in Nelly Bay has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.49%

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

Nelly Bay, 4819 is offering QLD ‘s 127th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.

On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.

Using the current median advertised rental of $364 and the average annual increase in value of a median property of 0.47%, investors should hope to achieve an overall return of 5.39%

At number 13th in the list of Australian suburbs ordered by increase in median house value over the last year, Nelly Bay, 4819 is in the top 10% with a property value increase of 45.56% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Nelly Bay comes in at number 4th in QLD.

The QLD suburb of Nelly Bay, 4819 is in the Townsville (C) local government area.

Metrics i HOUSE UNIT
$351,000 $327,500
-0.71% -18.13%
-4.49% 45.56%
0.47% 13.00%
$364 $360
32 39
5.39% 5.72%
89.0714285714286 N/A

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

DSR Score for property investment : Below average (H), Below average (U)
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Demographics
Total population 1054
Median household income ($/weekly) 864
Median age of persons 48
Median housing loan repayment ($/monthly) 1800
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 125 11.8
    35-44 years 129 12.2
    45-54 years 207 19.6
    55-64 years 189 17.9
    65-74 years 105 10.0
    Others 300 28.4
    Age Group
    Census Count Percent(%)
    Registered Married 337 44.1
    Not Married 330 43.2
    Defacto Relationship 97 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 733 74.9
    Greece 10 1.0
    Papua New Guinea 53 5.4
    United Kingdom 96 9.8
    Other 27 2.8
    Others 59 6.0
    Country of Birth
    Census Count Percent(%)
    Christianity 539 56.9
    No Religion 366 38.6
    Buddhism 31 3.3
    Other Religious Groups 8 0.8
    Hinduism 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 33 8.5
    $400-$599 57 14.6
    $600-$799 51 13.1
    $800-$999 49 12.6
    $1,000-$1,249 40 10.3
    Others 160 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 313 37.5
    Employed, worked full-time 272 32.6
    Employed, worked part-time 188 22.5
    Employed, away from work 31 3.7
    Unemployed, looking for work 30 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 76 15.4
    Professionals 79 16.0
    Technicians & trades workers 77 15.6
    Community & personal service workers 65 13.2
    Labourers 58 11.8
    Others 138 28.0
    Occupation
    Census Count Percent(%)
    Pre-school 10 5.1
    Infants/Primary 91 46.4
    Secondary 55 28.1
    Technical or Further Educational Institution 11 5.6
    University or other Tertiary Institutions 26 13.3
    Others 3 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 793 83.8
    Flat, unit or apartment 126 13.3
    Semi-detached, row or terrace house, townhouse 13 1.4
    Caravan, cabin, houseboat 8 0.8
    House or flat attached to a shop, office 6 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 160 38.4
    Fully owned 147 35.3
    Being purchased 110 26.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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