Based on its average 5-year and quarterly capital gains NERANG, 4211 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that NERANG, 4211 obtained a 2.45% growth over a ten-year period. It ranks 2811th on our list of suburbs that property investors should look into.
NERANG, 4211 in QLD belongs to the local government area of Gold Coast.
NERANG, 4211 has a capital gain of 8.14% for the past year, which is higher than average compared to its 35.17% growth within a five-year period.
With the median home price in NERANG sitting at $465,000, and the average rent at $430, property owners could potentially earn a 4.81% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in NERANG are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in NERANG, 4211 translates to a 16.67% capital gain.
Property investors enjoyed capital gains of 7.78% over the last 12 months in NERANG, translating to lower returns compared with its peers in QLD.
NERANG, 4211 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $325,500.
Profits due to an upward trend in home prices in NERANG, 4211 averaged 5.56% per annum over a 3-year period.
Home owners selling their properties and realtors in NERANG usually have to wait an average of 68.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $370 mark, reflecting a 5.91% increase in returns based on the current median price in NERANG.
NERANG, 4211 places 161st in Australia based on median property value growth during the quarter.