Nerang is a well-established suburb in Queensland within the Gold Coast local government area (postcode 4211). With a population of 17,048, the suburb has an established demographic with a median age of 40. Households earn a median income of $74K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Nerang is $920,000, having grown strongly 8.2% over the past year. Units have a median price of $600,000 (+14.8% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,733.
Nerang is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 995, which is around the national average of 1,000. Public transport access includes 5 rail stations, 44 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Nerang offers a gross rental yield of 4.2%, rated as moderate yield. Property prices are near the state median ($920K/$1.1M). The price-to-income ratio of 12.4x is considered stretched. House prices have moved +8.2% year-on-year.
Nerang is a well-established suburb in Queensland within the Gold Coast local government area (postcode 4211). With a population of 17,048, the suburb has an established demographic with a median age of 40. Households earn a median income of $74K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Nerang is $920,000, having grown strongly 8.2% over the past year. Units have a median price of $600,000 (+14.8% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,733.
Nerang is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 995, which is around the national average of 1,000. Public transport access includes 5 rail stations, 44 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Nerang offers a gross rental yield of 4.2%, rated as moderate yield. Property prices are near the state median ($920K/$1.1M). The price-to-income ratio of 12.4x is considered stretched. House prices have moved +8.2% year-on-year.