Suburb Profile Report for Bowen QLD (4805)

Bowen House: Median price $285,000, Annual capital growth 3.26%, Number of sales 64, Weekly median advertised rent $260

Bowen Unit: Median price $205,000, Annual capital growth 1.87%, Number of sales 12, Weekly median advertised rent $265

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

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Bowen is in the bottom 10% in QLD when comparing median price capital growth over the last year. Bowen gave property investors a dismal capital gain figure when compared to the rest of the state, with -17.39%.

Bowen,4805 has offered an average of -17.39% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Bowen are currently offering property investors an average price cut of -15.36% below the asking price at the moment.

On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.

Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.26%, investors should hope to achieve an overall return of 4.74%

Property value increases in Bowen have tracked close to the QLD average of 1.87% over the last 12 months.

While Bowen,4805 ranked number 83th in QLD for increase in median house value (annualised) increase, it is ranked 147th over the last 5 years.

A $265 per week rent on the median house gives suburb investors a gross yield of circa 6.72%, without taking into account capital value appreciation, which has been averaging out at 1.87%.

HOUSE UNIT
$285,000 $205,000
-1.72% 2.50%
-17.39% 2.50%
3.26% 1.87%
$260 $265
64 12
4.74% 6.72%
150.67 N/A

Source: Property Value by CoreLogic. Click here to get a list of the top suburbs for capital growth potential. Enter code YIP10 at checkout for 10% off premium subscription.

DSR Score for property investment : Poor (H), Poor (U)
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Demographics
Total population 10260
Median household income ($/weekly) 1100
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1295 12.6
    25-34 years 1321 12.9
    35-44 years 1252 12.2
    45-54 years 1521 14.8
    55-64 years 1411 13.8
    Others 3461 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 3235 47.0
    Not Married 2756 40.0
    Defacto Relationship 894 13.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7838 85.8
    Lebanon 143 1.6
    Papua New Guinea 274 3.0
    United Kingdom 280 3.1
    Other 179 2.0
    Others 421 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 1.1
    Christianity 6562 74.9
    Hinduism 9 0.1
    Islam 35 0.4
    No Religion 2043 23.3
    Others 18 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 405 12.7
    $600-$799 330 10.4
    $800-$999 300 9.4
    $1,250-$1,499 280 8.8
    $1,500-$1,999 377 11.9
    Others 1485 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3170 42.7
    Not in the labour force 2457 33.1
    Employed, worked part-time 1214 16.4
    Employed, away from work 326 4.4
    Unemployed, looking for work 255 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 583 12.4
    Technicians & trades workers 797 16.9
    Clerical & administrative workers 489 10.4
    Machinery operators & drivers 562 11.9
    Labourers 1005 21.3
    Others 1272 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 83 5.0
    Infants/Primary 795 48.3
    Secondary 489 29.7
    Technical or Further Educational Institution 169 10.3
    University or other Tertiary Institutions 68 4.1
    Others 42 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7701 86.7
    Semi-detached, row or terrace house, townhouse 207 2.3
    Flat, unit or apartment 591 6.7
    Caravan, cabin, houseboat 333 3.8
    Improvised home, tent, sleepers out 45 0.5
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1324 38.0
    Fully owned 1209 34.7
    Being purchased 930 26.7
    Other tenure type 19 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals