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Median values are calculated based on data over a 12 month period.

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Market Report

Bruce has 25 houses available for sale. The median property price for a house is currently 1,000,000 with annual capital growth of 6.27 . There were 33 house sales in the past 12 months. On average, houses spend 39 days on market.

If you're thinking about buying an investment property in Bruce, consider that rental yields for houses are currently 3.66 with an average median rent of 780 weekly. Houses have seen -1.48 growth in the past quarter, and 6.27 growth in the past 12 months.

The size of Bruce is approximately 6.6 square kilometres. It has 11 parks covering nearly 36.7% of total area. The population of Bruce in 2011 was 6,389 people. By 2016 the population was 6,995 showing a population growth of 9.5% in the area during that time. The predominant age group in Bruce is 20-29 years.

Households in Bruce are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bruce work in a professional occupation. In 2011, 47.5% of the homes in Bruce were owner-occupied compared with 39.6% in 2016.

Bruce has 155 units available for sale. The median property price for a unit is currently 470,000 with annual capital growth of 2.17 . There were 139 unit sales in the past 12 months. On average, units spend 35 days on market.

If you're thinking about buying an investment property in Bruce, consider that rental yields for units are currently 5.29 with an average median rent of 550 weekly. Units have seen -2.89 growth in the past quarter, and 2.17 growth in the past 12 months.

The size of Bruce is approximately 6.6 square kilometres. It has 11 parks covering nearly 36.7% of total area. The population of Bruce in 2011 was 6,389 people. By 2016 the population was 6,995 showing a population growth of 9.5% in the area during that time. The predominant age group in Bruce is 20-29 years.

Households in Bruce are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bruce work in a professional occupation. In 2011, 47.5% of the homes in Bruce were owner-occupied compared with 39.6% in 2016.

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Key Market Data House Unit
Median price 1,000,000 470,000
Quarterly growth -1.48 -2.89
12-month growth +6.27 +2.17
Average annual growth +4.83 +4.29
Weekly median rent 780 550
Gross rental yield 3.66 5.29
Number of Sales (12m) 33 139
Avg. Days on Market (12m) 39 35
Jump to Market Trends
Key Demographics 2011 2016
Total population 6,389 6,995
Population change (5y) +88.63 +9.50
Median household income (p/w) 2,117 1,923
Household income change (5y) +5.85 -9.16
Median age of persons 27 28
Jump to Demographics Trends
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