Suburb Profile Report for Bongaree QLD (4507)

Bongaree House: Median price $540,000, Annual capital growth 2.97%, Number of sales 183, Weekly median advertised rent $440

Bongaree Unit: Median price $385,000, Annual capital growth 2.53%, Number of sales 102, Weekly median advertised rent $350

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Bongaree is an average performer in QLD when comparing median price capital growth over the last year. Bongaree gave property investors a average capital gain figure when compared to the rest of the state, with 11.34%.

The five-year average increase in median property values for Bongaree,4507 has given property investors a potential capital gain of 37.58% across each of those five years.

The most recent median price for Bongaree is $540000, with sellers offering an average of -3.87% off the asking price.

Residents and property investors in Bongaree have been waiting around 59.594 days to sell a property.

Over the last year, property investments in Bongaree, 4507 have given investors a capital gain of 16.67%. This compares favourably with the 8.71% for QLD as a whole.

A 28.33% growth in median value for property investors in Bongaree,4507 puts this suburb at number 162th in terms of best performing suburbs in QLD

Our latest figures would indicate that property sellers in Bongaree are currently offering property investors an average price cut of -4.16% below the asking price at the moment.

In the last year 102 properties changed hands in Bongaree, which puts it as the 93th most active market in QLD when comparing the number of sales per suburb.

Bongaree, 4507’s gross rental yield is 4.73%

Metrics i HOUSE UNIT
$540,000 $385,000
5.26% 2.67%
11.34% 16.67%
2.97% 2.53%
$440 $350
183 102
4.24% 4.73%
59.593984962406 71.1774193548387

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (U), Good (H)
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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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