Expert analysis

In terms of the property market, Narangba displays very strong fundamentals. Property prices have grown by 79% since 2011 (1.4x the national average of 57%). The suburb is in high demand with limited supply available, translating into a low vacancy rate of 0.3%. In addition, the number of available properties for sale has decreased by 52% over the last 12 months. The typical attractive Hybrid investments in Narangba are 3/4-Bedroom houses with over 350sqm land, with median asking price of $630,000 to $690,000, delivering average rental return of 3.1% to 3.5%. (Speak to your Coach if you are considering townhouses and/or units, which are only attractive in certain locations.)

Why we chose this suburb as a top target:

• •  Strong capital growth (+8.6% per year on average since 2017)
  • Strong rental growth (+18.2% over the past 12 months)
  • High demand, outstripping supply (0.3% vacancy)
  • High affluence score of 4 of 5: the median income in the suburb is higher than average
  • High family score of 4 of 5: there are well performing schools in the area, childcare facilities and playgrounds
  • High lifestyle score of 4 of 5: there are cafes, fitness centers/ gyms, restaurants etc. to choose from in the suburb
  • High convenience score of 4 of 5 – there are higher than average public transport commuters in the suburb and supermarkets/ stores close by