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Nanango, QLD 4615

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 Nanango, QLD 4615 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 “Nanango, QLD 4615”

  1. The total adult population (15 years or older) of Nanango 4615 QLD is 3,119, with a median age of 53. Of those, 40.49% are married, 20.46% are divorced or separated, 29.69% are single and 9.30% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $4,572. The median monthly mortgage repayment for households in this suburb is $1,000 which is 21.87% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Queensland, the suburb of NANANGO, 4615 is a community of approximately 2233 households. As we focus our lens on the property market statistics for Q3 of 2023, NANANGO paints an interesting picture for property investors and buyers.

    The average price for houses in this region stands at $365,483, while a median weekly rent is pegged at $351. This combination leads to an indicative yield of an attractive 4.99%, much higher than the cashflow-focused investor’s minimum requirement of 3%.

    Diving deeper into the socio-economic aspect, NANANGO scores 827 out of 1217 on the IRSAD index. This suggests a moderate level of economic resources, income, and skilled professionals within the area. NANANGO has a renter to owner ratio of 32%, which is comfortably within the preferred range, suggesting a good equilibrium of tenants and homeowners, creating a vibrant and sustainable community.

    Furthermore, the unit to house ratio is impressively marginal at 1%. This is an encouraging sign since a lower proportion of units translates into less competition among landlords and a healthier rental yield in the long run.

    The affordability index positions itself on the borderline at 31 years. While this is just above the ideal metric, it’s important to see this figure in extensive context, since other factors are working positively for NANANGO 4615.

    Stock on Market Percentage for houses is at the favourable lower limit of 0.4%, indicating a low supply scenario. Coupled with the relatively low inventory level of 1.54 months, this suggests the suburb is absorbing new house listings efficiently.

    The average listing duration for houses, or Days on Market, is slightly above the average at 65 days, indicating room for demand growth. However, the ultra-low vacancy rate of 0.42% points to high demand with very little supply – a favourable condition that could drive rental and price growth. Finally, the buy search index for houses sits at 4, underlining a potentially steady demand.

    In conclusion, NANANGO 4615 provides a good mix of favourable and neutral indicators, making it a suburb worth watching for potential opportunities. As always, changes in these metrics should be continuously monitored to make informed investment decisions over time.

    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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