Suburb Profile Report for Bongaree QLD (4507)

Bongaree House: Median price $399,500, Annual capital growth 2.31%, Number of sales 129, Weekly median advertised rent $373

Bongaree Unit: Median price $306,250, Annual capital growth 1.71%, Number of sales 84, Weekly median advertised rent $323

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

Source: CoreLogic

  • House Report
  • Unit Report

Bongaree, 4507 ranked 439th in QLD when comparing growth in median property values or capital gain over the last 12 months. Bongaree is one of 2415 in our list for QLD

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bongaree has fallen somewhat when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Bongaree are currently offering property investors an average price cut of -5.71% below the asking price at the moment.

On average over the past year, suburb has had 10.75 sales per month, which equates to 129 per year.

Advertised rents are around the $372.5 mark per week – giving a return of 4.85% based on the median price in Suburb

QLD has seen average median house prices change by 1.23% which means that Bongaree, 4507 has done well for property investors by showing a capital gain of 0.00% over the last year

Taking the average capital gain, or increase in median house value, Bongaree,4507 has racked up an average of 0.00% over the period. This ranks it number 1245th in the whole country for real estate investors looking at median house price increases.

At number 94th of QLD’s most discounted properties, Bongaree is in the bottom 40% of the state/territory when listing in order of most discounted to least.

Situated 45.33km from the CBD, Bongaree is one of Moreton Bay localities in the postcode 4507.

HOUSE UNIT
$399,500 $306,250
-0.75% 2.94%
2.70% 0.00%
2.31% 1.71%
$373 $323
129 84
4.85% 5.48%
82.12 94.75

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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