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Bungalow, QLD 4870

Home » QLD Real Estate Data » Cairns Regional, QLD » Bungalow, QLD 4870

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 Bungalow, QLD 4870 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 “Bungalow, QLD 4870”

  1. The total adult population (15 years or older) of Bungalow 4870 QLD is 2,063, with a median age of 38. Of those, 21.47% are married, 17.21% are divorced or separated, 57.73% are single and 3.73% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $6,024. The median monthly mortgage repayment for households in this suburb is $1,371 which is 22.76% of their earnings.

    Source: ABS Census Data (2021)

  2. Bungaloo, located in QLD, is a bustling suburb housing approximately 2127 households. As of Q3, 2023, the typical house price in Bungaloo 4870 sits at $451,040 with a median weekly rent of $495, culminating in an enticing indicative yield of 5.71%.

    With a socio-economic score of 885 out of 1217, the overall socio-economic condition of the area exhibits a moderate level of access to economic resources, indicating a blend of median to high-income earners and skill levels. However, investors considering Bungaloo should be aware of the suburb’s relatively high renter to owner ratio of 59% and a units to houses ratio of 56%. These ratios suggest a distinct leaning towards rental occupancy, which could present a certain level of competitiveness for investors.

    Nevertheless, with an affordability index of 29 years, the property market suggests slightly improved affordability, in turn making it a potentially sound investment region for buyers. The extent of supply is signalled by a stock on market percentage of 0.31% for houses – an idealistic figure pointing towards a very low supply in the market. Moreover, the inventory level for houses sits at a mere 1.09 months, further emphasising the low supply.

    Notably, there were practically no new building approvals for houses within the quarter, as indicated by the zero building approvals Ratio, hence no additional surge in housing supply projected in the near future. While overall demand appears to be rather low, with houses spending an average of 121 days on the market, the exceptionally low vacancy rate of 0.48% indicates a high level of occupancy, likely driven by the property’s affordability.

    However, with a buy search index for houses at 3, there is room for growth in demand. Notwithstanding, it would be remiss not to heed the very promising indicative yield when considering investments in Bungaloo 4870 property market.

    Remain armed with continual updates on property market trends to make strategic and profitable property investment decisions. Always remember, market dimensions such as these are encompassed in the RCS (Relative Composite Score) metric, easing the research process for potential investors.

    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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