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Narangba
AREA REPORTS

Narangba

Narangba - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4504

house
unit

Property investors have seen a 6.78% 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 26%.

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 $630,000

Profits averaged 9.66% 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 $460 based on current median home prices for the suburb.

The gross rental yield in NARANGBA, 4504 is 3.8%.

An average of 43.58 real estate transactions take place per month in NARANGBA which translates to 523 per annum.

Data report can be found below

Narangba
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $630,000 $398,000
GROWTH REPORT
Median Quarterly 6.78% -0.25%
Median 12 month 26% N/A
Median 3 years 28.97% N/A
Median 5 years 41.57% 13.71%
10 years average annual 4.9% 3.08%
Weekly media advert. rent $460 $395
Time on Market 23.4 days 0.0 days
Gross Rental Yield Percent 3.8% 5.16%
demographics (median values)*
Total Population
12738
Weekly Household Income
1311
Household Size
3.20
Age
31
Monthly Loan Repayment
1500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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