Over the last year, property investments in Bongaree, 4507 have given investors a capital gain of 8.86%. This compares favourably with the 2.82% for QLD as a whole.
Over the longer term, Bongaree has seen property prices show investors a 11.69% return over the last 3 years. This is worse than over the last 12 months
On average over the past year, suburb has had 11.75 sales per month, which equates to 141 per year.
A $395 per week rent on the median house gives suburb investors a gross yield of circa 4.78%, without taking into account capital value appreciation, which has been averaging out at 1.89%.
At number 998th in the list of Australian suburbs ordered by increase in median house value over the last year, Bongaree, 4507 is in the BOTTOM 50% with a property value increase of 2.41% recorded in median house prices.
Across a shorter period, Bongaree, 4507 has seen a median price increase of -2.39% over the last quarter.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 1.34%, investors should hope to achieve an overall return of 5.26%