Suburb Profile Report for Bongaree QLD (4507)

Bongaree House: Median price $389,000, Annual capital growth 1.80%, Number of sales 119, Weekly median advertised rent $373

Bongaree Unit: Median price $305,000, Annual capital growth 1.90%, Number of sales 93, Weekly median advertised rent $323

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Bongaree, 4507 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.42%

Comparing Bongaree,4507 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -5.85% to buyers in Bongaree at the moment, which is less than average for the rest of QLD.

If you compare the increase in value of investment property in Bongaree, 4507 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -4.69%.

Bongaree,4507 has offered an average of -4.69% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Bongaree is giving property investors an average Vendor Discount of around -6.54%. This puts suburb at number 87th in QLD when ranking the most discounted suburbs.

Bongaree, 4507’s gross rental yield is 5.50%

HOUSE UNIT
$389,000 $305,000
-2.75% -3.17%
-4.42% -4.69%
1.80% 1.90%
$373 $323
119 93
4.98% 5.50%
73.55 102.29

Source: CoreLogic

DSR Score for property investment : Good (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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