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Nerang

POSTAL CODE: QLD, 4211
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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 9.45% growth over a ten-year period. It ranks 245th 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 14.97% for the past year, which is lower than average compared to its 104.7% growth within a five-year period.

With the median home price in NERANG sitting at $992,800, and the average rent at $760, property owners could potentially earn a 3.98% 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.

Surburb overview

Nerang is a town and suburb of Gold Coast, Queensland, Australia. Situated approximately 72.8 kilometres south-southeast of Brisbane and about 12.8 kilometres west of Surfers Paradise, it serves as a regional and transportation hub for the Gold Coast hinterland.

The Nerang River flows through the locality from south to east, passing through the town before flowing into Moreton Bay. Covering an area of approximately 35.9 square kilometres, Nerang boasts 49 parks, accounting for nearly 53.6% of the total area. As of the 2021 census, the suburb had a population of 17,048, with the predominant age group being 40-49 years.

'Nerang' is reportedly derived from the Yugambeh language, meaning 'small river,' or from the Bundjalung language, meaning 'shovel-nosed shark.' The township was surveyed in June 1865, with land sales commencing in 1871. Nerang has evolved from a timber and agricultural hub in the 19th century to a residential and administrative centre in the Gold Coast region.

Nerang offers several educational institutions. Nerang State School is a government primary school (Prep-6) located at 3 Nerang Street, with an enrolment of 325 students as of 2018. St Brigid's Catholic Primary School is a Catholic primary school (Prep-6) at 39-49 McLaren Road, with 406 students enrolled in 2018. Nerang State High School is a government secondary school (7-12) on Weedons Road, with an enrolment of 1,026 students as of 2018.

Nerang serves as a regional hub, containing several shopping centres and the Nerang railway station. The suburb also offers various recreational facilities, including a velodrome and a public swimming pool complex. The Nerang Branch Library, located on the corner of White and Price Streets, holds the Special Needs Library Collection, catering to developmental and disability needs.

As of recent data, the median house price in Nerang is approximately $860,000, and the median apartment price is around $646,000. The suburb's population growth of 3.8% from 2011 to 2016 indicates steady development.

In recent news, Nerang has been identified in a report highlighting suburbs with higher mortgage arrears rates. Despite this, Australia's overall arrears rate remains modest at 0.87%, attributed to low unemployment and property price dynamics.

Nerang offers a blend of residential living, educational facilities, and recreational amenities, contributing to its appeal within the Gold Coast region.

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