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Bungendore, NSW 2621

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 Bungendore, NSW 2621 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.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Bungendore, NSW 2621”

  1. The total adult population (15 years or older) of Bungendore 2621 NSW is 3,648, with a median age of 38. Of those, 58.72% are married, 9.32% are divorced or separated, 29.61% are single and 2.28% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $12,508. The median monthly mortgage repayment for households in this suburb is $2,383 which is 19.05% of their earnings.

    Source: ABS Census Data (2021)

  2. BUNGENDORE 2621, a suburb situated in New South Wales, boasts an estimated 2138 households. As we sail into the third quarter of 2023, houses in BUNGENDORE 2621 command a typical price of $1,063,858. The median weekly rent sits at a delightful $686, churning out an indicative yield of 3.35% – a figure that is likely to draw the attention of cashflow-centered property investors.

    Socio-economically, BUNGENDORE 2621 holds an IRSAD score of 1118 out of a potential 1217, painting the picture of a community with an above-average socioeconomic profile. BUNGENDORE 2621 offers an appealing, homeowner-dominant market, demonstrated by a renter to owner ratio of only 14%. Further enhancing its appeal, this suburb spotlights a zero units-to-houses ratio, suggesting a market teeming with family-friendly, longer-term tenancies, and less competition among landlords for tenants.

    However, the affordability index takes a hit as it estimates a 33-year ownership horizon, somewhat over the ideal benchmark of a standard 30-year mortgage. Still, the astute property investor may find a silver lining in the suburb’s supply metrics. The stock on market Percentage for houses stands at a highly favourable 0.1%, while the inventory level taps in at 0.28 months, also indicating a low supply market. Meanwhile, the Building Approval Ratio for houses is modest at 1.24%, hinting at a stable supply of new dwellings.

    The average days on market for houses also falls within a reasonable range of 58 days, albeit not quite achieving an ultra-high-demand value of 35 days or fewer. The Vacancy Rate, which encompasses both houses and units, sits at 4.5% – suggesting a touch of lower than neutral demand. The buy search index too treads on the lower side of demand, clocking in at a modest value of 3.

    While some metrics veer into unfavourable ranges, the majority point to a stable and controlled market. It is crucial to remain watchful of the blend of these metrics for future trends and developments. With tools like the RCS (Relative Composite Score) developed by HtAG Analytics, gauging more than 80 metrics makes a comprehensive analysis of real estate investment decisions within such interesting markets more accessible than ever.

    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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