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Nirimba, QLD 4551

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 Nirimba, QLD 4551 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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No Rent Data
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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 “Nirimba, QLD 4551”

  1. Nirimba, postcode 4551, is a picturesque suburb nestled within the bounds of QLD. Home to approximately 2432 households, the suburb boasts its unique charm and strong community atmosphere. Delving into the property market as of Q3, 2023, houses in Nirimba typically command a price of $725,781. Bolstered by weekly rental returns of $653, this represents an enticing indicative yield of 4.68%.

    Shining a spotlight on the socio-economic landscape, Nirimba scores an impressive 1016 out of 1217 on the IRSAD index. This score highlights the suburb’s relatively high income levels, skilled professions, and commendable access to economic resources. However, it’s worth noting that the renter-to-owner ratio rests at 42%, suggesting a fairly even mixture of homeowners and tenants.

    Interestingly, the suburb’s housing market is primarily composed of houses, with the units to houses ratio at 0%. Nevertheless, investors should seriously consider the affordability index which, sitting at 39 years, suggests a somewhat challenging market for new buyers.

    Nirimba’s stock on market percentage for houses is 1.18%, placing it in the neutral range. Additionally, its inventory level of 3.69 months indicates a fairly reasonable absorption rate of new listings. That said, the building approvals ratio stands at 2.77%, hinting at a potential increase of supply in the housing market.

    In terms of demand metrics, Nirimba’s average days on market is 71, which, although suggesting a somewhat slower rate of sales, is buoyed by a well-balanced vacancy rate of 3.49%. Complementing this, the buy search index for houses attains a score of 5, indicating that buyer interest aligns reasonably well with the state or city average.

    Despite some challenges, Nirimba presents a worthwhile investment prospect particularly for investors keeping an eye on yield and socio-economic factors. It’s advisable though to continue monitoring these property market indicators for potential investment opportunities, given the dynamic nature of the real estate landscape. Remember that while some metrics may currently sit in a less favourable range, this could change in favour of investment given the fluctuating market conditions.

    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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