Located in Queensland within the Fraser Coast local government area, Urangan is a settled mid-to-large suburb (postcode 4655). It is home to about 10,988 residents, with an older demographic and a median age of 55. Households earn a median income of $51K per year, with an average household size of 2.2 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 community & personal service, professionals, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Urangan is $645,000, having risen solidly by 6.6% over the past year. Units have a median price of $475,000 (+4.4% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,300.
Urangan is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 947, which is below the national average of 1,000. The crime rate in the Fraser Coast LGA is moderate at 5,491 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.7%, which reads as moderate yield. Property prices sit below the state median ($645K/$1.1M), which can point to relative value. The price-to-income ratio of 12.6x is considered stretched. House prices have moved +6.6% 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.