Nanango is a smaller suburb in Queensland within the South Burnett local government area (postcode 4615). With a population of 3,679, the suburb has a mature demographic with a median age of 53. Households earn a median income of $45K per year, with an average household size of 2.1 people. The most common occupations are labourers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Nanango is $390,000, having surged 11.4% over the past year. Units have a median price of $260,000 (-24.4% YoY). The current median weekly rent is $365. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,000.
Nanango is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 926, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the South Burnett LGA is moderate at 5,901 incidents per 100,000 population.
From an investment perspective, Nanango offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($390K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +11.4% year-on-year.
Nanango is a smaller suburb in Queensland within the South Burnett local government area (postcode 4615). With a population of 3,679, the suburb has a mature demographic with a median age of 53. Households earn a median income of $45K per year, with an average household size of 2.1 people. The most common occupations are labourers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Nanango is $390,000, having surged 11.4% over the past year. Units have a median price of $260,000 (-24.4% YoY). The current median weekly rent is $365. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,000.
Nanango is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 926, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the South Burnett LGA is moderate at 5,901 incidents per 100,000 population.
From an investment perspective, Nanango offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($390K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +11.4% year-on-year.