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Nerang
AREA REPORTS

Nerang

Nerang - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4211

house
unit

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 2.73% growth over a ten-year period. It ranks 2307th on our list of suburbs that property investors should look into.

NERANG, 4211 in QLD belongs to the local government area of Gold Coast (C).

NERANG, 4211 has a capital gain of 11.18% for the past year, which is higher than average compared to its 22.17% growth within a five-year period.

With the median home price in NERANG sitting at $507,000, and the average rent at $470, property owners could potentially earn a 4.82% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in NERANG are high, as opposed to average gains per annum over the past five years.

Data report can be found below

Nerang
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $507,000 $325,000
GROWTH REPORT
Median Quarterly 4.54% 0%
Median 12 month 11.18% 4.84%
Median 3 years 10.22% 3.83%
Median 5 years 22.17% 7%
10 years average annual 2.73% 0.69%
Weekly media advert. rent $470 $380
Time on Market 40.5 days 46.4 days
Gross Rental Yield Percent 4.82% 6.08%
demographics (median values)*
Total Population
16062
Weekly Household Income
903.8
Household Size
2.50
Age
36
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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