Suburb Profile Report for Bongaree QLD (4507)

Bongaree House: Median price $465,000, Annual capital growth 1.92%, Number of sales 126, Weekly median advertised rent $420

Bongaree Unit: Median price $324,500, Annual capital growth 0.30%, Number of sales 79, Weekly median advertised rent $335

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Bongaree is in the bottom 40% in QLD when comparing median price capital growth over the last year. Bongaree gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.11%.

When looking at the potential capital gains offered to property investors over the last 3 years, Bongaree comes in at number 142th in QLD.

LACK OF BUYER INTEREST may well be the reason that Bongaree is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 403th in terms of most discounted suburbs in QLD

Over the last year, property investments in Bongaree, 4507 have given investors a capital gain of -1.22%. This compares averagely with the 0.65% for QLD as a whole.

Bongaree,4507 has offered an average of -1.22% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Bongaree should be aiming for at least -7.61% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $335 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$465,000 $324,500
0.00% 1.41%
-2.11% -1.22%
1.92% 0.30%
$420 $335
126 79
4.70% 5.37%
84.6216216216216 121.767857142857

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6523
Median household income ($/weekly) 666
Median age of persons 62
Median housing loan repayment ($/monthly) 1601
Average household size 1.9
  • Census Count Percent(%)
    35-44 years 516 7.9
    45-54 years 660 10.1
    55-64 years 1088 16.7
    65-74 years 1442 22.1
    75-84 years 1050 16.1
    Others 1768 27.1
    Age Group
    Census Count Percent(%)
    Registered Married 2706 52.4
    Not Married 2088 40.4
    Defacto Relationship 369 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4826 79.8
    New Zealand 59 1.0
    Papua New Guinea 270 4.5
    United Kingdom 566 9.4
    Other 105 1.7
    Others 220 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 58 1.0
    Christianity 4615 78.6
    Islam 8 0.1
    Other Religious Groups 29 0.5
    No Religion 1154 19.7
    Others 7 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 369 13.2
    $400-$599 654 23.3
    $600-$799 423 15.1
    $800-$999 353 12.6
    $1,000-$1,249 196 7.0
    Others 806 28.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3648 65.7
    Employed, worked full-time 956 17.2
    Employed, worked part-time 636 11.5
    Unemployed, looking for work 175 3.2
    Employed, away from work 139 2.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 218 12.6
    Technicians & trades workers 284 16.4
    Community & personal service workers 232 13.4
    Clerical & administrative workers 254 14.7
    Sales 201 11.6
    Others 541 31.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 264 38.3
    Secondary 230 33.3
    Technical or Further Educational Institution 63 9.1
    University or other Tertiary Institutions 83 12.0
    Other type of educational institution 26 3.8
    Others 24 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4095 69.8
    Flat, unit or apartment 858 14.6
    Semi-detached, row or terrace house, townhouse 774 13.2
    Caravan, cabin, houseboat 133 2.3
    House or flat attached to a shop, office 8 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1501 50.5
    Rented 917 30.8
    Being purchased 455 15.3
    Other tenure type 100 3.4
    Tenure Type
Census 2011, ABS
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