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Nelly Bay, QLD 4819

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Nelly Bay, QLD 4819 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Nelly Bay, QLD 4819”

  1. The total adult population (15 years or older) of Nelly Bay 4819 QLD is 1,090, with a median age of 56. Of those, 45.78% are married, 18.72% are divorced or separated, 30.00% are single and 5.96% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $5,528. The median monthly mortgage repayment for households in this suburb is $1,470 which is 26.59% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the vibrant state of Queensland, Nelly Bay 4819 is a lively suburb playing host to approximately 1404 households. As the third quarter of 2023 rolls in, spotlight lights up the property market of this charming suburb revealing some interesting statistics.

    The typical price tags on houses in Nelly Bay hover around the $536,213 mark. These houses typically command a median weekly rent of $407, creating an indicative yield of 3.95%, which is fairly attractive to cash flow-centred property investors as it’s above the minimum market requirement of 3%.

    Delving deeper into socio-economic factors, Nelly Bay boasts an IRSAD score of 962 out of a total 1217, suggesting a pretty strong socio-economic status in the area.

    The suburb presents an appealing balance of vibrancy and tranquillity with a renter-to-owner ratio of 27%, which falls within the preferable range for long-term investment without saturation from rental properties. However, potential investors might want to consider the units-to-houses ratio of 55%. This slightly tips the scale towards units and may signify a higher competition among landlords for tenants which can sometimes impact rental yields.

    For those seeking to take a foothold in Nelly Bay, the affordability index discloses that it would take around 38 years to fully own a house under current market conditions. This signifies a relatively challenging property market in terms of affordability, with values exceeding the typical 30 years’ tenure of a standard mortgage.

    When it comes to maintaining balance in the supply chain, Nelly Bay exhibits promising numbers with a stock on the market percentage sitting at a favourable 0.38% while inventory levels remain healthy with a very low 1.14 months array of houses, hinting towards an active and absorptive property market.

    Buyers needn’t rush their decisions as the average number of days for ‘for sale’ house listings to remain on the market tallies up to 50 days, indicating a reasonably high demand. The suburb beckons property investors with a low vacancy rate of 1.04% and a buy search index of 5, indicating a neutral demand for houses in the suburb.

    While these property market stats offer an intriguing snapshot, it’s crucial for investors to keep pace with changing market trends and visualise the dynamics through a professional dashboard. Moreover, it would be prudent for potential property investors to utilise advanced decision-making tools like the RCS (Relative Composite Score) developed by HtAG Analytics, which synthesises over 80 metrics to simplify your real estate investment research.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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