Nambour

POSTAL CODE: QLD, 4560

HOUSE

UNIT

NAMBOUR, 4560 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling NAMBOUR, 4560 values up and netting property investors a capital gain of 8.03% for the past year.

Investors saw the median home price rise to $821,000.

Profits due to an upward trend in home prices in the suburb averaged 6.62% per annum over a 3-year period.

NAMBOUR now ranks at the 616th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $650 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NAMBOUR, homes and units usually stay on listing for an average of 35 days.

In 2016, 267 properties were sold in NAMBOUR during the past year, making it the 489th most active market in QLD based on total real estate transactions.

NAMBOUR ranks 322nd in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

NAMBOUR, 4560 has a capital gain of 10.06% for the past year, which is lower than average compared to its 96.35% growth within a five-year period.

With the median home price in NAMBOUR sitting at $591,000, and the average rent at $510, property owners could potentially earn a 4.49% increase in gross rental yield.

Property investors have seen a 2.96% gain in NAMBOUR based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on NAMBOUR, 4560 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 10.06%.

A survey of average capital gains or median home price increase in suburbs across the country shows that NAMBOUR, 4560 obtained a 9.56% growth over a ten-year period. It ranks 61st on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$821,000	$591,000
Growth Report
Median Quarterly	2.43%	2.96%
Median 12 month	8.03%	10.06%
Median 3 years	19.85%	29.89%
Median 5 years	86.82%	96.35%
10 years average annual	9.23%	9.56%
Weekly media advert. rent	$650	$510
Time on Market	35 days	29.8 days
Gross Rental Yield Percent	4.12%	4.49%

Demographics (Median Values)*

Total Population 9776

Weekly Household Income 684.9

Household Size 2.40

Average Age 39

Monthly Loan Repayment 1083

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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