Narangba is a well-populated suburb in Queensland within the Moreton Bay local government area (postcode 4504). With a population of 20,910, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $115K per year, with an average household size of 3.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Narangba has a median house price of $790,000, which has risen solidly by 9.1% year-on-year. Units have a median price of $479,000 (+14.1% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,900.
Narangba is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 998, which is around the national average of 1,000. Public transport access includes 1 rail station, 37 bus stops. The crime rate in the Moreton Bay LGA is moderate at 4,728 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.3% (moderate yield). Property prices are near the state median ($790K/$1.1M). The price-to-income ratio of 6.9x is considered moderate. House prices have moved +9.1% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.