Situated in Queensland's 4742 postcode, Nebo is a well-established residential suburb. As a regional suburb, the suburb is serviced by 1 schools and benefits from solid transport and amenity access.
Nebo has a population of approximately 857, a median age of 36, a median weekly household income of $2,209. The suburb has a balanced mix of owner-occupiers (51%) and renters, indicating healthy demand across both segments. Across the broader LGA, 14.6% of residents hold a university qualification.
Key employment industries in the broader local government area include Mining (36.6%), Agriculture, Forestry and Fishing (10.3%), Education and Training (6.5%).
The current median house price in Nebo is $342,500. The suburb has delivered strong average annual growth of 16.4% over the past five years, outperforming many comparable markets. Prices have moved 3.01% over the past 12 months.
Properties in Nebo spend an average of 39 days on market. Online buyer demand is currently rated as average online demand. Stock on market sits at 1.45%. Inventory levels are at 2.31 months, indicating a balanced market. The average vendor discount is -6%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Nebo is $500. Gross rental yield sits at 7.59%, which is above average and attractive for cashflow-oriented investors. The vacancy rate of 0.07% signals very strong rental demand. Rents have grown 18.2% over the past 12 months.
The broader local government area is forecast to grow from 22,588 to 24,370 residents by 2031, representing 7.9% population growth. This level of growth typically supports continued demand for housing and infrastructure investment.
Explore other suburb profiles in the area: Andergrove, QLD, Beaconsfield, QLD, Blacks Beach, QLD, East Mackay, QLD, Eimeo, QLD.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Nebo or need help identifying the right suburb for your strategy, get in touch with our team.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.