Nebo (postcode 4742) is a small community in Queensland within the Isaac local government area. It is home to about 857 residents, with a mix of families and early-career residents and a median age of 37. Households earn a median income of $103K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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 machinery operators & drivers, technicians & trades, labourers. Employment in the area leans toward mining and transport & logistics. The top ancestries reported are English, Australian, Scottish.
The median house price in Nebo is $238,000, having risen solidly by 8% over the past year. Units have a median price of $165,000 (-0.6% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 10.9%. The median monthly mortgage repayment is $1,300.
Nebo is served by 1 school, including 1 primary. The average ICSEA score is 899, which is well below the national average of 1,000. The crime rate in the Isaac LGA is moderate at 5,057 incidents per 100,000 population.
From an investment perspective, Nebo shows a gross rental yield of approximately 10.9%, rated as high yield. Property prices sit below the state median ($238K/$1.1M), which can point to relative value. The price-to-income ratio of 2.3x is considered affordable. House prices have moved +8.0% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.