Thinking about buying in Nerang? Now could not be a better time, with 11010 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $782,000 with prices in this suburb ranging from $61,000 to $6,413,000. Nerang is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $415.34 |
Median Monthly Mortgage | $1730.55 |
Median Persons Per Bedroom | 0.80 |
Average Household Size | 2.69 |
Average Age | 42.41 |
Average Income | $731.24 |
Average Cars Per Dwelling | 2.00 |
Average Properties Within 50M | 30 |
1 Bed  $905,000 |
2 Bed  $497,000 |
3 Bed  $749,000 |
4 Bed  $998,000 |
5 Bed  $1,436,000 |
6 Bed+$1,662,000 |
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Nerang is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Nerang provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Nerang requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
Nerang State High School
St Brigid's Catholic Primary School
Nerang State School
Silkwood School
William Duncan State School
Park Lake State School
Pacific Pines State High School
Trinity Lutheran College
Worongary State School
Pacific Pines State School
(While the above schools are located with the suburb of Nerang there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Nov | 1.4 | 19.2 | 27.4 | 54.3 | 89.0 | 5.4 | 27.5 |
Dec | 5.6 | 20.9 | 28.4 | 60.5 | 91.9 | 5.5 | 25.3 |
Jan | 5 | 22.0 | 29.2 | 61.1 | 90.6 | 6.1 | 24.6 |
Feb | 8.3 | 21.7 | 29.0 | 63.2 | 90.9 | 6.3 | 21.9 |
Mar | 7.5 | 21.0 | 28.2 | 61.2 | 90.6 | 6.2 | 18.2 |
Apr | 4.3 | 18.2 | 26.4 | 56.5 | 90.6 | 5.5 | 16.7 |
May | 2.1 | 15.0 | 23.5 | 53.8 | 87.4 | 4.7 | 13.8 |
Jun | 2.7 | 12.9 | 21.5 | 52.1 | 87.8 | 4.7 | 11.9 |
Jul | 2.2 | 12.1 | 21.3 | 48.5 | 88.0 | 4.7 | 13.2 |
Aug | 0.5 | 12.2 | 22.9 | 40.2 | 86.1 | 4.4 | 16.4 |
Sept | 0.9 | 14.8 | 24.6 | 45.3 | 85.5 | 5.0 | 21.1 |
Oct | 1.8 | 17.1 | 25.7 | 56.7 | 92.2 | 5.9 | 22.4 |
source: Australian Government Bureau of Meteorology
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