Bungalow

POSTAL CODE: QLD, 4870

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains BUNGALOW, 4870 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that BUNGALOW, 4870 obtained a 5.92% growth over a ten-year period. It ranks 2763rd on our list of suburbs that property investors should look into.

BUNGALOW, 4870 in QLD belongs to the local government area of Cairns.

BUNGALOW, 4870 has a capital gain of 2.57% for the past year, which is lower than average compared to its 68.82% growth within a five-year period.

With the median home price in BUNGALOW sitting at $607,750, and the average rent at $540, property owners could potentially earn a 4.62% increase in gross rental yield.

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

Homeowners and real estate investors betting on BUNGALOW, 4870 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 12.98%.

A steady increase in median property prices over a five-year period in BUNGALOW, 4870 translates to a 61% capital gain.

Property investors enjoyed capital gains of 12.98% over the last 12 months in BUNGALOW, translating to lower returns compared with its peers in QLD.

BUNGALOW, 4870 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 $322,000.

Profits due to an upward trend in home prices in BUNGALOW, 4870 averaged 20.33% per annum over a 3-year period.

Home owners selling their properties and realtors in BUNGALOW usually have to wait an average of 23.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $430 mark, reflecting a 6.94% increase in returns based on the current median price in BUNGALOW.

BUNGALOW, 4870 places 310th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$607,750	$322,000
Growth Report
Median Quarterly	10.5%	1.42%
Median 12 month	2.57%	12.98%
Median 3 years	32.12%	61%
Median 5 years	68.82%	107.74%
10 years average annual	5.92%	8.33%
Weekly media advert. rent	$540	$430
Time on Market	27.6 days	23.7 days
Gross Rental Yield Percent	4.62%	6.94%

Demographics (Median Values)*

Total Population 2147

Weekly Household Income 683.6

Household Size 1.90

Average Age 35

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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