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VIP Market Report For Nerang - July 2020

Page 1

Suburb Repor t Nerang QLD 4211


Nerang QLD 4211

The size of Nerang is approximately 35.9 square kilometres. It has 110 parks covering nearly 51.7% of total area. The population of Nerang in 2011 was 16,256 people. By 2016 the population was 16,872 showing a population growth of 3.8% in the area during that time.

House Current Median

$460,250

The predominant age group in Nerang is 40-49 years.

Unit

Households in Nerang are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments.

Current Median

$310,000

In general, people in Nerang work in a trades occupation. In 2011, 60% of the homes in Nerang were owner-occupied compared with 58% in 2016.

# Listings last 12 month

98


Recent Activit y Total sales last 12 months

328

Why is recent activity important to me? Recent sales activity provides insight into the current market condition. Many more sales than listings may indicate an undersupplied market, while conversely, more listings could indicate an over-supplied market with buyers in the driving seat.


Recent Sales HOUSE 5 BED 2 BATH 3 CAR 53 NERANG RIVER DRIVE NERANG QLD 4211

$850,000

HOUSE

29/06/20

4 BED 2 BATH 2 CAR 1 BYFIELD COURT NERANG QLD 4211

$906,000 22/06/20

HOUSE 3 BED 2 BATH 2 CAR 43 RIVERLEA WATERS DRIVE NERANG QLD 4211

$630,000 03/06/20

HOUSE 3 BED 1 BATH 2 CAR 5 GERSHWIN COURT NERANG QLD 4211

$477,000

HOUSE

06/07/20

4 BED 2 BATH 4 CAR 45 BILLABIRRA CRESCENT NERANG QLD 4211

$710,000 03/06/20

HOUSE 4 BED 2 BATH 2 CAR 28 ROSSMORE STREET NERANG QLD 4211

$510,000 22/06/20


UNIT 3 BED 2 BATH 1 CAR 3/8 MARTIN STREET NERANG QLD 4211

$320,000

HOUSE 3 BED 1 BATH 1 CAR 5 FOOTE COURT NERANG QLD 4211

27/05/20

$420,000 29/05/20

HOUSE 4 BED 2 BATH 2 CAR 16/64 GILSTON ROAD NERANG QLD 4211

$450,000 01/06/20

UNIT 3 BED 2 BATH 2 CAR 295/64 GILSTON ROAD NERANG QLD 4211 HOUSE 3 BED 2 BATH 2 CAR 2/57 RIVERGUM DRIVE NERANG QLD 4211

$342,000 28/05/20

HOUSE 3 BED 1 BATH 3 CAR 35 CASTAGNO AVENUE NERANG QLD 4211

$455,000 21/05/20

$348,000 23/05/20


Recent Listings HOUSE 3 BED 1 BATH 2 CAR 4 APPLEBLOSSOM PLACE NERANG QLD 4211

$439,000-$469,000

HOUSE 3 BED 2 BATH 2 CAR 15/44-48 MCLAREN ROAD NERANG QLD 4211 HOUSE

UNDER CONTRACT

3 BED 1 BATH 1 CAR 26 MEDELLIN PLACE NERANG QLD 4211

$419,000$449,000

HOUSE 4 BED 2 BATH 2 CAR 1 THOMAS HILTON PLACE NERANG QLD 4211

$579,000-$609,000

HOUSE

HOUSE

3 BED 1 BATH 4 CAR

4 BED 2 BATH 4 CAR

8 THE ZENITH NERANG QLD 4211

13 BILBY CLOSE NERANG QLD 4211

$439,000$469,000

OFFERS OVER $799,000


Rental Statistics

Median Rental Price

Rental Yield

Number of Rentals

$460 /w

5.68%

188

Median Weekly Rent Trends


LJ HOOKER NERANG 2-4 New Street Nerang (07) 5581 4422 nerang.ljhooker.com.au

Prepared on 9 Jul 2020 by LJ Hooker Nerang Sales results and median prices are based on the latest statistical period available (1 Apr - 31 Mar 2020). Š 2020 Copyright RP Data Pty Limited, Local, State, Commonwealth Govt. All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials at this site is permitted. The information provided is deemed reliable but not guaranteed. Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2020. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws.


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