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Nelly Bay, QLD 4819
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$725,000
market range $675K-$800K
Median Unit
$450,000
market range $375K-$600K
Gross Yield (units)
4.2%
1yr Growth (houses)
+9.2%
market range +5.0% to +12.5%
Investment snapshot for Nelly Bay
Nelly Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Nelly Bay market and investor summary
In Nelly Bay, QLD 4819, the median house sells for around $725K. House prices have moved +9.2% over the past year and +34.0% over three years. At 0.2% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 0.2% and a resident base that is not shrinking. Houses also take time to sell, around 118 days on market, so plan for a slower exit if you ever need one.
Living in Nelly Bay: people, income and schools
Nelly Bay has a resident population of roughly 1,213, and the area has been growing steadily, up about 9% over five years. At a median age of 56, it reads as an older, established demographic, and families account for 62% of households.
The typical household income runs to around $52,000 a year (about $1,000 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to a steep 13.9 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 39 for walkability and 43 for transit out of 100.
- Population
- 1,213
- +9% over 5yr
- Median age
- 56 years
- Median household income
- $52,000/yr
- Households renting
- 27%
- Family households
- 62%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1010
- Unemployment
- 6.3%
- Walk score
- 39/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Nelly Bay
No properties currently listed in Nelly Bay
Search Nelly Bay listings →Frequently asked questions about Nelly Bay
What should I check before investing in Nelly Bay?
Nelly Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.2% gives a usable rent-to-price starting point. Capital growth of +9.2% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Nelly Bay?
The median property price in Nelly Bay, QLD 4819 is $725K for houses and $450K for units.
What rental yield does Nelly Bay show?
The gross rental yield in Nelly Bay is 4.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Nelly Bay?
House prices in Nelly Bay are up 9.2% over the past year and up 34.0% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Nelly Bay?
The current vacancy rate in Nelly Bay is 0.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Nelly Bay?
Nelly Bay has a population of approximately 1,213 residents, with a median age of 56.
What schools are near Nelly Bay?
There are 1 school within roughly 5km of Nelly Bay. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Nelly Bay affordable to buy in?
A median house in Nelly Bay costs about 13.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Nelly Bay's population growing?
The population of Nelly Bay has grown about 9% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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