Suburb Profile Report for Bungalow QLD (4870)

Bungalow House: Median price $345,000, Annual capital growth 1.64%, Number of sales 14, Weekly median advertised rent $360

Bungalow Unit: Median price $152,000, Annual capital growth 1.15%, Number of sales 38, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Bungalow, 4870 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.82%

The most recent median price for Bungalow is $345000, with sellers offering an average of -9.95% off the asking price.

On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.

The QLD suburb of Bungalow, 4870 is in the Cairns local government area.

QLD has seen average median house prices change by 0.29% which means that Bungalow, 4870 has done well for property investors by showing a capital gain of -30.91% over the last year

If we look at median property appreciation over just the last three months, Bungalow has given property investors a paper return of -1.94%. This puts Suburb as 262 on a list of fastest fasting appreciating suburbs in QLD

Our latest figures would indicate that property sellers in Bungalow are currently offering property investors an average price cut of -6.18% below the asking price at the moment.

Bungalow is 6th on a list of best yielding suburbs for rents in QLD with a 8.55% return

Metrics i HOUSE UNIT
$345,000 $152,000
N/A -1.94%
-2.82% -30.91%
1.64% 1.15%
$360 $250
14 38
5.43% 8.55%
54.64 90.75

Source: CoreLogic

DSR Score for property investment : Above average (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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Recent sales & rentals