Bongaree

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 $1,055,000.

The upward trend in home prices in BONGAREE, 4507 averaged 16.28% per annum over a 3-year period.

Average weekly rents on listings have reached the $695 mark, reflecting a 3.43% increase in returns based on the current median price in BONGAREE.

An average of 9.92 real estate transactions take place per month in BONGAREE which translates to 119 per annum.

119 properties were sold in BONGAREE in 2016, making it the 911th most active market in QLD based on total real estate transactions.

BONGAREE, 4507 places 150th in Australia based on median property value growth during the quarter.

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 $700,000.

Average median unit prices in QLD have risen as a whole, pulling BONGAREE, 4507 values up and netting property investors a capital gain of 12.9% for the past year.

Investors saw the median home price rise to $700,000.

The upward trend in home prices in BONGAREE, 4507 averaged 18.35% per annum over a 3-year period.

BONGAREE now ranks at the 201st place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in BONGAREE are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $525 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In BONGAREE, homes and units usually stay on listing for an average of 31.6 days.

74 properties were sold in BONGAREE in 2016, making it the 43rd most active market in QLD based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,055,000	$700,000
Growth Report
Median Quarterly	6.57%	3.32%
Median 12 month	27.11%	12.9%
Median 3 years	48.85%	55.04%
Median 5 years	92.52%	81.82%
10 years average annual	10.82%	9.02%
Weekly media advert. rent	$695	$525
Time on Market	47.5 days	31.6 days
Gross Rental Yield Percent	3.43%	3.9%

Demographics (Median Values)*

Total Population 6414

Weekly Household Income 555.8

Household Size 2.00

Average 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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