Narangba

POSTAL CODE: QLD, 4504

HOUSE

UNIT

Property investors have seen a 2.69% gain in NARANGBA based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on NARANGBA, 4504 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 16.38%.

Based on its average 5-year and quarterly capital gains NARANGBA, 4504 saw average growth in the long term.

The QLD suburb also 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 $1,030,000

Profits averaged 14.33% per annum over a 3-year period, due to an upward trend in home prices in NARANGBA, 4504.

This means, real estate investors could earn a rental income of $670 based on current median home prices for the suburb.

The gross rental yield in NARANGBA, 4504 is 3.38%.

An average of 32 real estate transactions take place per month in NARANGBA which translates to 384 per annum.

Property investments in NARANGBA fare well against the rest of the country last year, registering a median home price increase of 23.42%.

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

Based on its average 5-year and quarterly capital gains NARANGBA, 4504 saw average growth in the long term.

This means, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In NARANGBA, homes and units usually stay on listing for an average of 27.9 days.

the QLD suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $741,750

Investors saw the median home price rise to $741,750.

NARANGBA ranks 237th on the list of best yielding suburbs for rental properties in QLD, posting a 4.07% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,030,000	$741,750
Growth Report
Median Quarterly	2.69%	13.94%
Median 12 month	16.38%	23.42%
Median 3 years	43.06%	76.61%
Median 5 years	87.1%	82.27%
10 years average annual	9.12%	9%
Weekly media advert. rent	$670	$580
Time on Market	26.6 days	27.9 days
Gross Rental Yield Percent	3.38%	4.07%

Demographics (Median Values)*

Total Population 259

Weekly Household Income 1299

Household Size 3.00

Average Age 35

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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