Suburb Profile Report for Bonython ACT (2905)

Bonython House: Median price $691,000, Annual capital growth 4.60%, Number of sales 34, Weekly median advertised rent $530

Bonython Unit: Median price $490,500, Annual capital growth 2.32%, Number of sales 44, Weekly median advertised rent $450

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

At number 642th in the list of Australian suburbs ordered by increase in median house value over the last year, Bonython, 2905 is in the top 20% with a property value increase of 13.28% recorded in median house prices.

Comparing Bonython,2905 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -1.44% to buyers in Bonython at the moment, which is less than average for the rest of ACT.

Residents and property investors in Bonython have been waiting around 80.5 days to sell a property.

A $530 per week rent on the median house gives suburb investors a gross yield of circa 3.99%, without taking into account capital value appreciation, which has been averaging out at 4.60%.

Bonython, 2905 ranked 15th in ACT when comparing growth in median property values or capital gain over the last 12 months. Bonython is one of 126 in our list for ACT

Comparing Bonython,2905 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Bonython2905 is located in ACT which offers an average discount of -3.62% to property investors. Bonython itself is showing figures that indicate -2.14% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Bonython the average time real estate has been on the market is 55.95 days.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 2.32%, investors should hope to achieve an overall return of 4.77%

Information supplied by:


February 2018

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Bordering Mount Stranger, the suburb of Bonython in Tuggeranong has been enjoying gentle but steady growth over the past five years. Following a 2.4% increase in prices in the year leading up to November 2017, the median unit value has gone up to $466,000Full summary

Dorm suburb pulls in working professionals

Postcode: 2905

Median unit price: $466,000

Three-year growth: 12.6%

Rental yield: 4.8%

Bordering Mount Stranger, the suburb of Bonython in Tuggeranong has been enjoying gentle but steady growth over the past five years. Following a 2.4% increase in prices in the year leading up to November 2017, the median unit value has gone up to $466,000.

Returns for investors are fairly high at an average of 4.8%, and given Bonython’s potential for long-term growth, this could definitely draw attention from those looking to capitalise on the ACT’s rise.

Bonython Primary School is located in the heart of the suburb, and there is a childcare centre nearby. Bonython is also very close to the Tuggeranong Town Centre, which brings in many of the working population in this town. The town centre also serves as Bonython’s main commercial and retail hub. 

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Metrics i HOUSE UNIT
$691,000 $490,500
1.99% 4.36%
13.28% 7.51%
4.60% 2.32%
$530 $450
34 44
3.99% 4.77%
80.5 55.95

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in Bonython ACT
Demographics
Total population 3838
Median household income ($/weekly) 1950
Median age of persons 33
Median housing loan repayment ($/monthly) 2104
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 512 13.3
    25-34 years 582 15.2
    35-44 years 602 15.7
    45-54 years 632 16.5
    55-64 years 366 9.5
    Others 1144 29.8
    Age Group
    Census Count Percent(%)
    Registered Married 1319 45.7
    Not Married 1286 44.6
    Defacto Relationship 279 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2800 75.1
    Indonesia 71 1.9
    United Kingdom 166 4.5
    Viet Nam 62 1.7
    Other 237 6.4
    Others 390 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 145 4.0
    Christianity 2247 62.7
    Hinduism 78 2.2
    Islam 141 3.9
    No Religion 936 26.1
    Others 34 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 187 14.8
    $2,000-$2,499 150 11.9
    $2,500-$2,999 179 14.2
    $3,000-$3,499 122 9.7
    $4,000 or more 108 8.6
    Others 514 40.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1605 53.6
    Not in the labour force 618 20.6
    Employed, worked part-time 539 18.0
    Employed, away from work 158 5.3
    Unemployed, looking for work 73 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 341 14.8
    Professionals 539 23.4
    Technicians & trades workers 256 11.1
    Community & personal service workers 213 9.3
    Clerical & administrative workers 511 22.2
    Others 441 19.2
    Occupation
    Census Count Percent(%)
    Pre-school 59 6.0
    Infants/Primary 331 33.5
    Secondary 306 31.0
    Technical or Further Educational Institution 96 9.7
    University or other Tertiary Institutions 170 17.2
    Others 26 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2421 65.2
    Semi-detached, row or terrace house, townhouse 1112 30.0
    Flat, unit or apartment 179 4.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 559 41.0
    Rented 474 34.8
    Fully owned 324 23.8
    Other tenure type 5 0.4
    Tenure Type
Census 2011, ABS
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