$3m-plus suburbs double during the pandemic as allure of luxury property grows
With more Australians racking up more savings than ever before and affordability improving across the real estate market, the allure of luxu...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $210,000.
The downward trend in home prices in NANANGO, 4615 averaged -0.2% per annum over a 3-year period.
Average weekly rents on listings have reached the $260 mark, reflecting a 6.44% increase in returns based on the current median price in NANANGO.
An average of 7.08 real estate transactions take place per month in NANANGO which translates to 85 per annum.
85 properties were sold in NANANGO in 2016, making it the 519th most active market in QLD based on total real estate transactions.
NANANGO, 4615 places 828th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $210,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 5% | N/A |
| Median 3 years | -0.59% | N/A |
| Median 5 years | 17.65% | N/A |
| 10 years average annual | -0.41% | N/A |
| Weekly media advert. rent | $260 | N/A |
| Time on Market | 123.2 days | N/A |
| Gross Rental Yield Percent | 6.44% | N/A |
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