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Bongaree
AREA REPORTS

Bongaree

Bongaree - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4507

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $548,000.

The upward trend in home prices in BONGAREE, 4507 averaged 5.32% per annum over a 3-year period.

Average weekly rents on listings have reached the $440 mark, reflecting a 4.18% increase in returns based on the current median price in BONGAREE.

An average of 15.33 real estate transactions take place per month in BONGAREE which translates to 184 per annum.

184 properties were sold in BONGAREE in 2016, making it the 665th most active market in QLD based on total real estate transactions.

BONGAREE, 4507 places 332nd in Australia based on median property value growth during the quarter.

Data report can be found below

Bongaree
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $548,000 $385,000
GROWTH REPORT
Median Quarterly 5.59% 1.32%
Median 12 month 12.99% 13.24%
Median 3 years 15.97% 16.67%
Median 5 years 39.62% 27.8%
10 years average annual 3.49% 2.52%
Weekly media advert. rent $440 $350
Time on Market 47.9 days 66.1 days
Gross Rental Yield Percent 4.18% 4.73%
demographics (median values)*
Total Population
6414
Weekly Household Income
555.8
Household Size
2.00
Age
60
Monthly Loan Repayment
1083
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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