Suburb Profile Report for Bongaree QLD (4507)

Bongaree House: Median price $400,000, Annual capital growth 1.71%, Number of sales 125, Weekly median advertised rent $395

Bongaree Unit: Median price $320,000, Annual capital growth 2.24%, Number of sales 97, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Bongaree has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -0.62% to date .

A 8.11% growth in median value for property investors in Bongaree,4507 puts this suburb at number 206th in terms of best performing suburbs in QLD

Property investors looking for a bargain in Bongaree should be aiming for at least -4.92% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 125 properties changed hands in Bongaree, which puts it as the 167th most active market in QLD when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $4740 per annum or $395 every week.

Bongaree is in the TOP 30% in QLD when comparing median price capital growth over the last year. Bongaree gave property investors a good capital gain figure when compared to the rest of the state, with 4.92%.

Over the longer term, Bongaree has seen property prices show investors a 10.73% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Bongaree is giving property investors an average Vendor Discount of around -5.48%. This puts suburb at number 184th in QLD when ranking the most discounted suburbs.

In the last year 97 properties changed hands in Bongaree, which puts it as the 97th most active market in QLD when comparing the number of sales per suburb.

Bongaree is 177th on a list of best yielding suburbs for rents in QLD with a 5.36% return

Metrics i HOUSE UNIT
$400,000 $320,000
2.56% 4.92%
-0.62% 4.92%
1.71% 2.24%
$395 $330
125 97
5.14% 5.36%
60.97 91.11

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 6523
Median household income ($/weekly) 666
Median age of persons 62
Median housing loan repayment ($/monthly) 1601
Average household size 1.9
  • Census Count Percent(%)
    35-44 years 516 7.9
    45-54 years 660 10.1
    55-64 years 1088 16.7
    65-74 years 1442 22.1
    75-84 years 1050 16.1
    Others 1768 27.1
    Age Group
    Census Count Percent(%)
    Registered Married 2706 52.4
    Not Married 2088 40.4
    Defacto Relationship 369 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4826 79.8
    New Zealand 59 1.0
    Papua New Guinea 270 4.5
    United Kingdom 566 9.4
    Other 105 1.7
    Others 220 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 58 1.0
    Christianity 4615 78.6
    Islam 8 0.1
    Other Religious Groups 29 0.5
    No Religion 1154 19.7
    Others 7 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 369 13.2
    $400-$599 654 23.3
    $600-$799 423 15.1
    $800-$999 353 12.6
    $1,000-$1,249 196 7.0
    Others 806 28.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3648 65.7
    Employed, worked full-time 956 17.2
    Employed, worked part-time 636 11.5
    Unemployed, looking for work 175 3.2
    Employed, away from work 139 2.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 218 12.6
    Technicians & trades workers 284 16.4
    Community & personal service workers 232 13.4
    Clerical & administrative workers 254 14.7
    Sales 201 11.6
    Others 541 31.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 264 38.3
    Secondary 230 33.3
    Technical or Further Educational Institution 63 9.1
    University or other Tertiary Institutions 83 12.0
    Other type of educational institution 26 3.8
    Others 24 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4095 69.8
    Flat, unit or apartment 858 14.6
    Semi-detached, row or terrace house, townhouse 774 13.2
    Caravan, cabin, houseboat 133 2.3
    House or flat attached to a shop, office 8 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1501 50.5
    Rented 917 30.8
    Being purchased 455 15.3
    Other tenure type 100 3.4
    Tenure Type
Census 2011, ABS
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