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Nome, QLD 4816

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 Nome, QLD 4816 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.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Nome, QLD 4816”

  1. The total adult population (15 years or older) of Nome 4816 QLD is 868, with a median age of 52. Of those, 53.34% are married, 15.09% are divorced or separated, 27.30% are single and 4.49% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,320. The median monthly mortgage repayment for households in this suburb is $1,733 which is 23.67% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Queensland, the suburb of Nome 4816 is home to approximately 660 households. As of Q3 2023, the typical house prices in Nome 4816 are $501,002, with a median weekly rental rate of $362. This results in an indicative yield of 3.76% which is above the 3% benchmark, representing an attractive market for those centred around cashflow.

    With a socio-economic score of 960 out of 1217, the area maintains a stable socio-economic environment. It is critical to understand that a high IRSAD score such as this suggests that the population in the area has a good socio-economic status.

    The suburb also boasts a low renter to owner ratio at 11%, indicating less saturation of rental properties which is a favourable condition for solid long-term returns. As for the units to houses ratio, it sits at 0%, indicating no oversaturation with rental units and thus less competition among landlords for tenants.

    When it comes to the Affordability Index, at 27 years, Nome 4816 is a market that is highly affordable for its residents, exhibiting favourable conditions for both buyers and investors.

    On the supply side, the stock on market Percentage for houses is impressively low at 0.3%, implying a low supply market that’s favourable for market growth. The suburb’s inventory level for houses also sits at a favourable position at 1.09 months, reinforcing a low supply market. Interestingly, the building approvals Ratio for houses is a 0.0%, meaning there is no oversupply from new dwellings.

    However, it is worth noting that the days on market for houses average at 91 days, slightly breaching the favourable threshold, indicating a slightly lower demand in the property market. But not to worry as the vacancy rate is 2.82%, falling under the neutral range, and the high buy search index of 6 indicating high demand for buying properties in the suburb.

    It is recommended to keep an eye on the trends as the market develops and benefit from the high Relative Composite Score metric developed by HtAG Analytics which automates the research process using over 80 metrics. As the saying goes, strong numbers today do not always guarantee the same tomorrow!

    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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