Bowen

POSTAL CODE: QLD, 4805

HOUSE

UNIT

BOWEN, 4805 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling BOWEN, 4805 values up and netting property investors a capital gain of 26.4% for the past year.

Investors saw the median home price rise to $562,500.

Profits due to an upward trend in home prices in the suburb averaged 16.67% per annum over a 3-year period.

BOWEN now ranks at the 205th 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 BOWEN are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $595 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BOWEN, homes and units usually stay on listing for an average of 48.7 days.

In 2016, 273 properties were sold in BOWEN during the past year, making it the 474th most active market in QLD based on total real estate transactions.

BOWEN ranks 290th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

BOWEN, 4805 has a capital gain of 9.08% for the past year, which is higher than average compared to its 32.52% growth within a five-year period.

With the median home price in BOWEN sitting at $354,500, and the average rent at $450, property owners could potentially earn a 6.6% increase in gross rental yield.

Property investors have seen a 1.79% gain in BOWEN based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that BOWEN, 4805 obtained a 7.26% growth over a ten-year period. It ranks 443rd on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$562,500	$354,500
Growth Report
Median Quarterly	6.13%	1.79%
Median 12 month	26.4%	9.08%
Median 3 years	50%	36.35%
Median 5 years	92.31%	32.52%
10 years average annual	7.1%	7.26%
Weekly media advert. rent	$595	$450
Time on Market	48.7 days	84.2 days
Gross Rental Yield Percent	5.5%	6.6%

Demographics (Median Values)*

Total Population 9698

Weekly Household Income 840.4

Household Size 2.40

Average Age 41

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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