Suburb Profile Report for Bargara QLD (4670)

Bargara House: Median price $371,000, Annual capital growth 1.60%, Number of sales 158, Weekly median advertised rent $320

Bargara Unit: Median price $325,000, Annual capital growth -0.97%, Number of sales 55, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Bargara has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.89% to date .

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

Property buyers and investors in Bargara 4670 should be seeing an average reduction in asking price of around -6.10% . This means that Bargara is holding prices well when compared to other suburbs in QLD.

At number 2430 in a list of fastest selling suburbs, Bargara is in the bottom 40% of suburbs in Australia with an average of days on market 94.97 for properties listed there.

Situated 297.67km from the CBD, Bargara is one of Bundaberg localities in the postcode 4670.

Bargara has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.84% to date .

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.

Property investors looking for a bargain in Bargara should be aiming for at least -7.48% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of -0.97%, investors should hope to achieve an overall return of 5.60%

Metrics i HOUSE UNIT
$371,000 $325,000
-3.16% 4.08%
-3.89% 4.84%
1.60% -0.97%
$320 $350
158 55
4.49% 5.60%
94.97 136.44

Source: CoreLogic

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