Nanango

POSTAL CODE: QLD, 4615

HOUSE

NANANGO, 4615 ranks 134th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 6.67% for property investors.

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 $600,000.

The upward trend in home prices in NANANGO, 4615 averaged 13.07% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in NANANGO.

An average of 1 real estate transactions take place per month in NANANGO which translates to 12 per annum.

12 properties were sold in NANANGO in 2016, making it the 914th most active market in QLD based on total real estate transactions.

NANANGO, 4615 places 42nd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$600,000	N/A
Growth Report
Median Quarterly	0%	N/A
Median 12 month	6.67%	N/A
Median 3 years	39.21%	N/A
Median 5 years	118.18%	N/A
10 years average annual	9.13%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	62 days	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 3422

Weekly Household Income 596.1

Household Size 2.50

Average Age 42

Monthly Loan Repayment 700

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

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