At number 1732th in the list of Australian suburbs ordered by increase in median house value over the last year, Bungalow, 4870 is in the top half with a property value increase of 5.80% recorded in median house prices.
Over the longer term, Bungalow has seen property prices show investors a 10.61% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Bungalow should be aiming for at least -4.78% off the asking price, which is the average vendor discount being achieved at the moment.
At number 2061 in a list of fastest selling suburbs, Bungalow is just in the bottom half of suburbs in Australia with an average of days on market 75.94 for properties listed there.
Property value increases in Bungalow have tracked close to the QLD average of 0.66% over the last 12 months.
Across a shorter period, Bungalow, 4870 has seen a median price increase of 5.50% over the last quarter.
Property investors looking for a bargain in Bungalow should be aiming for at least -7.48% off the asking price, which is the average vendor discount being achieved at the moment.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 8.54%, without taking into account capital value appreciation, which has been averaging out at 0.02%.