Suburb Profile Report for Bungalow QLD (4870)

Bungalow House: Median price $328,500, Annual capital growth 3.26%, Number of sales 24, Weekly median advertised rent $350

Bungalow Unit: Median price $210,000, Annual capital growth 3.94%, Number of sales 53, Weekly median advertised rent $243

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of -12.40% for the last 12 months, Bungalow, 4870 has performed for property investments than its average annual 3.26% property growth over the last 5 years.

Over the longer term, Bungalow has seen property prices show investors a 26.35% 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 Bungalow, 4870. Typically our figures indicate that -8.96% is being offered, which puts this QLD suburb at 537th most discounted overall in Australia.

At number 1770 in a list of fastest selling suburbs, Bungalow is just in the top half of suburbs in Australia with an average of days on market 79.19 for properties listed there.

Advertised rents are around the $350 mark per week – giving a return of 5.54% based on the median price in Suburb

Property value increases in Bungalow have tracked higher than the QLD average of 1.12% over the last 12 months.

Comparing Bungalow,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Bungalow should be aiming for at least -7.33% off the asking price, which is the average vendor discount being achieved at the moment.

HOUSE UNIT
$328,500 $210,000
-7.46% 0.00%
-12.40% 29.63%
3.26% 3.94%
$350 $243
24 53
5.54% 6.00%
79.19 89.32

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2164
Median household income ($/weekly) 758
Median age of persons 35
Median housing loan repayment ($/monthly) 1300
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 211 9.8
    25-34 years 454 21.0
    35-44 years 304 14.0
    45-54 years 315 14.6
    55-64 years 253 11.7
    Others 627 29.0
    Age Group
    Census Count Percent(%)
    Not Married 964 62.8
    Registered Married 356 23.2
    Defacto Relationship 214 14.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1337 72.7
    Papua New Guinea 80 4.4
    Philippines 58 3.2
    United Kingdom 65 3.5
    Other 87 4.7
    Others 211 11.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 68 4.0
    Christianity 1068 62.3
    Hinduism 11 0.6
    Other Religious Groups 16 0.9
    No Religion 543 31.7
    Others 9 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 114 13.5
    $400-$599 113 13.4
    $600-$799 131 15.5
    $800-$999 98 11.6
    $1,500-$1,999 81 9.6
    Others 309 36.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 608 37.8
    Not in the labour force 539 33.5
    Employed, worked part-time 277 17.2
    Unemployed, looking for work 114 7.1
    Employed, away from work 69 4.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 114 12.0
    Technicians & trades workers 180 18.9
    Community & personal service workers 146 15.3
    Clerical & administrative workers 112 11.8
    Labourers 113 11.9
    Others 288 30.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 70 24.0
    Secondary 59 20.2
    Technical or Further Educational Institution 79 27.1
    University or other Tertiary Institutions 49 16.8
    Other type of educational institution 24 8.2
    Others 11 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 907 49.2
    Flat, unit or apartment 572 31.0
    Semi-detached, row or terrace house, townhouse 322 17.5
    House or flat attached to a shop, office 42 2.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 569 62.5
    Being purchased 191 21.0
    Fully owned 144 15.8
    Other tenure type 6 0.7
    Tenure Type
Census 2011, ABS
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