Question 1

Is Nebo a nice place to live?

Accepted Answer

Nebo is a small rural service town with a compact main street, showground and a modest cluster of shops, a hotel and a community hall.

About 45.2% of homes are rented, though most others are owner-occupied, and couples without children are the largest family group. Shops, the hotel, the community hall and a sporting oval form the town's social spine, the showground hosts regular regional gatherings, and road links along a regional highway connect Nebo with coastal centres and inland towns; surrounding cattle country and nearby ranges shape the everyday landscape. The Nebo Showgrounds Stage 1 masterplan redevelopment has begun capital works.

Question 2

Is it expensive to live in Nebo?

Accepted Answer

A typical local household earned about $1,981 a week at the most recent Census. With house rent around $480 a week in Nebo, renting would take about 24% of that weekly household income, which is a moderate share. If you're renting rather than buying, that rent share is the figure that matters when weighing how expensive the suburb feels.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Nebo a good place to invest?

Accepted Answer

House values in Nebo rose 5.6% over the twelve months to date, while house rents increased 6.7%.

For houses, rental income moved a little faster than capital value in that period, with rents up slightly more than values.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	5.6%	N/A
Sold Past 3 months	2	1
Median days on market Past 12 months	44	N/A
Average rent Past 12 months	$480	N/A
Change in rent Past 12 months	6.7%	N/A

	Suburb	QLD
Median age years	37	38
Median household income weekly	$1,981	$1,675
Couples with children share of families	40.8%	41.2%
Couples without children share of families	46.5%	40.3%
One-parent families share of families	10.8%	16.8%
Homes owned outright share of homes	24.7%	30.1%
Homes with a mortgage share of homes	30.1%	35.6%
Homes rented share of homes	45.2%	34.3%

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