More information upon request:
Land Price: $310,000
Approx. Rent: $590
Approx. Rental Yield:4.4 %
Est. reg date: 30/06/2023
House Name: Ridgewood 173 Mod
Facade: F3
House Size:174 sqm
Land Size:280 sqm
Deposit Terms:Land Deposit – $1,000 initial deposit. Balance 10% at Unconditional Build Deposit – 5% at Unconditional
FIRB Allowed:Yes
* The Rental Yield calculations above are current at the time of publishing, calculated using the Approx. Rent amount.
Market Report
Narangba has 559 houses available for sale. The median property price for a house is currently $733,500 with annual capital growth of 34.60%. There were 514 house sales in the past 12 months. On average, houses spend 12 days on market.
If you’re thinking about buying an investment property in Narangba, consider that rental yields for houses are currently3.74%
with an average median rent of $510 weekly. Houses have seen 6.30% growth in the past quarter, and 34.60% growth in the past 12 months.
The size of Narangba is approximately 43.3 square kilometres. It has 61 parks covering nearly 3.7% of total area. The population of Narangba in 2011 was 16,223 people. By 2016 the population was 18,584 showing a population growth of 14.6% in the area during that time. The predominant age group in Narangba is 10-19 years.
Households in Narangba are primarily couples with children and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Narangba work in a trades occupation. In 2011, 76.9% of the homes in Narangba were owner-occupied compared with 73.9% in 2016.
