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Bonython, ACT 2905

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Bonython, ACT 2905 located in Canberra to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Buy 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Bonython, ACT 2905”

  1. The total adult population (15 years or older) of Bonython 2905 ACT is 3,112, with a median age of 38. Of those, 44.76% are married, 14.27% are divorced or separated, 37.21% are single and 4.05% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $10,248. The median monthly mortgage repayment for households in this suburb is $1,950 which is 19.03% of their earnings.

    Source: ABS Census Data (2021)

  2. Bonython 2905, situated in the ACT, is a suburb that comprises roughly 1571 households. As we pull data from the Q3 of 2023, the typical price of houses in this region comes in around $908,138 AUD. With a median weekly rent of $646, investors are seeing an indicative yield of 3.7%, narrowly fulfilling the minimum attractive market requirement for cashflow-focused property investors.

    Socio-economically speaking, the area paints a promising picture. With an IRSAD score of 1056 out of a total 1217, it’s a clear indication of strong socio-economic foundations, suggesting residents have good access to resources, enjoy higher incomes, and belong to skilled professions. Moreover, its renter to owner ratio stands at 27%, a figure that is commendably lower than 30% and can attract prolonged tenancy.

    Bonython’s property market is heavily skewed towards houses over units, with a favourable units to houses ratio of just 11%. This disparity often translates into fewer competition amongst landlords, allowing them better control over rent and tenancy durations.

    However, it’s important to keep in mind the suburb’s Affordability Index, measured at 35 years. This demonstrates relatively high barriers for homeownership, particularly for first homeowners. This, coupled with a buy search index for houses at 3, implies limited demand for purchasing properties within the area.

    On the supply side, Bonython is showing a stock on market Percentage for houses at a very favourable 0.29%, indicating a low supply. The absorbed average of sales per month over a year is 1.2 months, indicating a solid inventory level and further suggesting that the suburb’s real estate market is quickly soaking up any new listings. This is further evidenced by the building approvals Ratio for houses, which stands at 0.0% and implies little to no new supply coming into the market.

    In terms of demand, houses spend about 26 days on the market, a short period indicating high demand. This is further stressed by a modestly low vacancy rate of 2.08% (combining both houses and units). This signifies a healthy balance between availability and occupancy, even though the buy search index falls at a somewhat neutral level.

    In conclusion, whilst Bonython demonstrates certain challenges in affordability and purchasing interest, it excels in supply metrics and offers enticing yield rates. It’s crucial, as always, for investors to remain abreast of these statistics and discern how they balance with broader market trends and risk diversification strategies.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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