Suburb Profile Report for Bungalow QLD (4870)

Bungalow House: Median price $327,500, Annual capital growth 1.74%, Number of sales 20, Weekly median advertised rent $380

Bungalow Unit: Median price $132,000, Annual capital growth -0.82%, Number of sales 33, Weekly median advertised rent $275

  • 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

QLD has seen average median house prices change by 0.78% which means that Bungalow, 4870 has done well for property investors by showing a capital gain of -10.27% over the last year

Bungalow,4870 was ranked 1035 in Australia by increase in median property value over the quarter.

On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.

Situated 1389.00km from the CBD, Bungalow is one of Cairns (R) localities in the postcode 4870.

At number 1128th in the list of Australian suburbs ordered by increase in median house value over the last year, Bungalow, 4870 is in the BOTTOM 30% with a property value increase of -8.33% recorded in median house prices.

A -10.81% growth in median value for property investors in Bungalow,4870 puts this suburb at number 90th in terms of best performing suburbs in QLD

Vendor discounting in Bungalow is giving property investors an average Vendor Discount of around -9.50%. This puts suburb at number 12th in QLD when ranking the most discounted suburbs.

At number 954 in a list of fastest selling suburbs, Bungalow is in the bottom 30% of suburbs in Australia with an average of days on market 93.9545 for properties listed there.

Advertised rents are around the $275 mark per week – giving a return of 10.83% based on the median price in Suburb

Metrics i HOUSE UNIT
$327,500 $132,000
1.55% 1.54%
-10.27% -8.33%
1.74% -0.82%
$380 $275
20 33
6.03% 10.83%
93.7142857142857 93.9545454545455

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 : Above average (H), Above average (U)
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Demographics
Total population 2164
Median household income ($/weekly) 758
Median age of persons 35
Median housing loan repayment ($/monthly) 1300
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 211 9.8
    25-34 years 454 21.0
    35-44 years 304 14.0
    45-54 years 315 14.6
    55-64 years 253 11.7
    Others 627 29.0
    Age Group
    Census Count Percent(%)
    Not Married 964 62.8
    Registered Married 356 23.2
    Defacto Relationship 214 14.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1337 72.7
    Papua New Guinea 80 4.4
    Philippines 58 3.2
    United Kingdom 65 3.5
    Other 87 4.7
    Others 211 11.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 68 4.0
    Christianity 1068 62.3
    Hinduism 11 0.6
    Other Religious Groups 16 0.9
    No Religion 543 31.7
    Others 9 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 114 13.5
    $400-$599 113 13.4
    $600-$799 131 15.5
    $800-$999 98 11.6
    $1,500-$1,999 81 9.6
    Others 309 36.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 608 37.8
    Not in the labour force 539 33.5
    Employed, worked part-time 277 17.2
    Unemployed, looking for work 114 7.1
    Employed, away from work 69 4.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 114 12.0
    Technicians & trades workers 180 18.9
    Community & personal service workers 146 15.3
    Clerical & administrative workers 112 11.8
    Labourers 113 11.9
    Others 288 30.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 70 24.0
    Secondary 59 20.2
    Technical or Further Educational Institution 79 27.1
    University or other Tertiary Institutions 49 16.8
    Other type of educational institution 24 8.2
    Others 11 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 907 49.2
    Flat, unit or apartment 572 31.0
    Semi-detached, row or terrace house, townhouse 322 17.5
    House or flat attached to a shop, office 42 2.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 569 62.5
    Being purchased 191 21.0
    Fully owned 144 15.8
    Other tenure type 6 0.7
    Tenure Type
Census 2011, ABS
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