Suburb Profile Report for Bongaree QLD (4507)

Bongaree House: Median price $410,000, Annual capital growth 2.01%, Number of sales 135, Weekly median advertised rent $390

Bongaree Unit: Median price $324,000, Annual capital growth 2.43%, Number of sales 106, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 2.41% which means that Bongaree, 4507 has done well for property investors by showing a capital gain of 1.86% over the last year

While Bongaree,4507 ranked number 199th in QLD for increase in median house value (annualised) increase, it is ranked 499th over the last 5 years.

Property buyers and investors in Bongaree 4507 should be seeing an average reduction in asking price of around -4.76% . This means that Bongaree is holding prices well when compared to other suburbs in QLD.

Residents and property investors in Bongaree have been waiting around 61.45 days to sell a property.

Bongaree is 288th on a list of best yielding suburbs for rents in QLD with a 4.95% return

With a capital gain of 8.00% for the last 12 months, Bongaree, 4507 has performed for property investments than its average annual 2.43% property growth over the last 5 years.

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

LACK OF BUYER INTEREST may well be the reason that Bongaree is offering property investors an average of -6.08. This rate of discount on properties puts Suburb at number 169th in terms of most discounted suburbs in QLD

The QLD suburb of Bongaree, 4507 is in the Moreton Bay local government area.

Metrics i HOUSE UNIT
$410,000 $324,000
2.50% 1.25%
1.86% 8.00%
2.01% 2.43%
$390 $330
135 106
4.95% 5.30%
61.45 87.75

Source: CoreLogic

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