Suburb Profile Report for Bargara QLD (4670)

Bargara House: Median price $380,500, Annual capital growth 1.89%, Number of sales 148, Weekly median advertised rent $320

Bargara Unit: Median price $320,000, Annual capital growth -1.94%, Number of sales 58, Weekly median advertised rent $350

  • 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 -1.17%

If we look at median property appreciation over just the last three months, Bargara has given property investors a paper return of -1.17%. This puts Suburb as 612 on a list of fastest fasting appreciating suburbs in QLD

Our latest figures would indicate that property sellers in Bargara are currently offering property investors an average price cut of -6.29% below the asking price at the moment.

Residents and property investors in Bargara have been waiting around 97.76 days to sell a property.

With the median price for a house in Bargara being $380500 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.37%

Bargara has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -1.54% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Bargara comes in at number 63th in QLD.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Bargara itself are offering an average vendor discount of -8.30% to real estate investors.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.69%, without taking into account capital value appreciation, which has been averaging out at -1.94%.

HOUSE UNIT
$380,500 $320,000
-1.17% 0.39%
-1.17% -1.54%
1.89% -1.94%
$320 $350
148 58
4.37% 5.69%
97.76 142.82

Source: CoreLogic

DSR Score for property investment : Below average (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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