Suburb Profile Report for Bowen QLD (4805)

Bowen House: Median price $261,250, Annual capital growth -2.95%, Number of sales 108, Weekly median advertised rent $330

Bowen Unit: Median price $200,000, Annual capital growth 2.56%, Number of sales 19, Weekly median advertised rent $250

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Bowen, 4805 have given investors a capital gain of -0.48%. This compares averagely with the 0.78% for QLD as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Bowen comes in at number 727th in QLD.

Property buyers and investors in Bowen 4805 should be seeing an average reduction in asking price of around -10.11% . This means that Bowen is holding prices well when compared to other suburbs in QLD.

Renters in Suburb are facing rents around $17160 per annum or $330 every week.

QLD has seen average median house prices change by -0.57% which means that Bowen, 4805 has not done well for property investors by showing a capital gain of -4.76% over the last year

If we look at median property appreciation over just the last three months, Bowen has given property investors a paper return of -8.05%. This puts Suburb as 299 on a list of fastest fasting appreciating suburbs in QLD

In the last year 19 properties changed hands in Bowen, which puts it as the 238th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $250 and the average annual increase in value of a median property of 2.56%, investors should hope to achieve an overall return of 6.50%

Metrics i HOUSE UNIT
$261,250 $200,000
-3.24% -8.05%
-0.48% -4.76%
-2.95% 2.56%
$330 $250
108 19
6.57% 6.50%
107.083333333333 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Poor (H), Poor (U)
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Demographics
Total population 10260
Median household income ($/weekly) 1100
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1295 12.6
    25-34 years 1321 12.9
    35-44 years 1252 12.2
    45-54 years 1521 14.8
    55-64 years 1411 13.8
    Others 3461 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 3235 47.0
    Not Married 2756 40.0
    Defacto Relationship 894 13.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7838 85.8
    Lebanon 143 1.6
    Papua New Guinea 274 3.0
    United Kingdom 280 3.1
    Other 179 2.0
    Others 421 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 1.1
    Christianity 6562 74.9
    Hinduism 9 0.1
    Islam 35 0.4
    No Religion 2043 23.3
    Others 18 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 405 12.7
    $600-$799 330 10.4
    $800-$999 300 9.4
    $1,250-$1,499 280 8.8
    $1,500-$1,999 377 11.9
    Others 1485 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3170 42.7
    Not in the labour force 2457 33.1
    Employed, worked part-time 1214 16.4
    Employed, away from work 326 4.4
    Unemployed, looking for work 255 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 583 12.4
    Technicians & trades workers 797 16.9
    Clerical & administrative workers 489 10.4
    Machinery operators & drivers 562 11.9
    Labourers 1005 21.3
    Others 1272 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 83 5.0
    Infants/Primary 795 48.3
    Secondary 489 29.7
    Technical or Further Educational Institution 169 10.3
    University or other Tertiary Institutions 68 4.1
    Others 42 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7701 86.7
    Semi-detached, row or terrace house, townhouse 207 2.3
    Flat, unit or apartment 591 6.7
    Caravan, cabin, houseboat 333 3.8
    Improvised home, tent, sleepers out 45 0.5
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1324 38.0
    Fully owned 1209 34.7
    Being purchased 930 26.7
    Other tenure type 19 0.5
    Tenure Type
Census 2011, ABS
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