Suburb Profile Report for Bargara QLD (4670)

Bargara House: Median price $381,000, Annual capital growth 1.94%, Number of sales 136, Weekly median advertised rent $320

Bargara Unit: Median price $325,000, Annual capital growth -1.66%, Number of sales 61, Weekly median advertised rent $335

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Bargara has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.04%

Over the longer term, Bargara has seen property prices show investors a 0.40% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bargara, 4670. Typically our figures indicate that -6.16% is being offered, which puts this QLD suburb at 1761th most discounted overall in Australia.

In the last year 136 properties changed hands in Bargara, which puts it as the 138th most active market in QLD when comparing the number of sales per suburb.

Situated 297.72km from the CBD, Bargara is one of Bundaberg localities in the postcode 4670.

QLD has seen average median house prices change by 1.70% which means that Bargara, 4670 has done well for property investors by showing a capital gain of 0.00% over the last year

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

Our latest figures would indicate that property sellers in Bargara are currently offering property investors an average price cut of -8.71% below the asking price at the moment.

Using the current median advertised rental of $335 and the average annual increase in value of a median property of -1.66%, investors should hope to achieve an overall return of 5.36%

HOUSE UNIT
$381,000 $325,000
-1.42% 0.00%
-1.04% 0.00%
1.94% -1.66%
$320 $335
136 61
4.37% 5.36%
94.59 145.26

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 6893
Median household income ($/weekly) 918
Median age of persons 45
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 897 13.0
    35-44 years 865 12.5
    45-54 years 906 13.1
    55-64 years 1050 15.2
    65-74 years 963 14.0
    Others 2212 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 2890 59.0
    Not Married 1570 32.0
    Defacto Relationship 441 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5287 80.8
    Papua New Guinea 191 2.9
    South Africa 91 1.4
    United Kingdom 576 8.8
    Other 111 1.7
    Others 289 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 0.7
    Christianity 4796 76.4
    Hinduism 13 0.2
    Islam 14 0.2
    No Religion 1388 22.1
    Others 18 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 383 16.1
    $600-$799 312 13.1
    $800-$999 262 11.0
    $1,000-$1,249 223 9.4
    $1,500-$1,999 216 9.1
    Others 980 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2502 47.5
    Employed, worked full-time 1588 30.1
    Employed, worked part-time 822 15.6
    Unemployed, looking for work 228 4.3
    Employed, away from work 131 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 326 12.8
    Professionals 644 25.3
    Technicians & trades workers 342 13.5
    Community & personal service workers 270 10.6
    Clerical & administrative workers 336 13.2
    Others 623 24.5
    Occupation
    Census Count Percent(%)
    Pre-school 67 5.0
    Infants/Primary 589 43.6
    Secondary 405 30.0
    Technical or Further Educational Institution 101 7.5
    University or other Tertiary Institutions 156 11.6
    Others 32 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5311 84.2
    Semi-detached, row or terrace house, townhouse 513 8.1
    Flat, unit or apartment 387 6.1
    Caravan, cabin, houseboat 90 1.4
    House or flat attached to a shop, office 8 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 992 38.0
    Rented 885 33.9
    Being purchased 623 23.9
    Other tenure type 109 4.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals