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Bongaree, QLD 4507

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 Bongaree, QLD 4507 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 “Bongaree, QLD 4507”

  1. The total adult population (15 years or older) of Bongaree 4507 QLD is 7,613, with a median age of 67. Of those, 51.65% are married, 19.03% are divorced or separated, 16.13% are single and 13.15% are widowed.

    The average household size is 1.8 people per dwelling, and the median household monthly income is estimated to be $4,360. The median monthly mortgage repayment for households in this suburb is $1,568 which is 35.96% of their earnings.

    Source: ABS Census Data (2021)

  2. BONGAREE 4507 is a suburb nestled in the Queensland region with approximately 5,755 households. As we move into Q3 2023, typical house prices in BONGAREE are averaging at $708,246 with a median weekly rent of $575. This sets an indicative yield of a cashflow attractive 4.22%.

    Quantifying the socio-economic status of the area, BONGAREE has a socio-economic IRSAD score of 899 out of 1217, reflecting a relatively favourable economic status and access to resources. The suburb presents an appealing ratio of renters to owners, landing at a low-risk 24%. This suggests lesser competition with other property investors and a higher appeal of the neighbourhood overall.

    Furthermore, the units to houses ratio in BONGAREE rests at a balanced 25%, offering a healthy investment environment with less competition among landlords for tenants. This helps to maintain higher rental yields and attract families who, statistically, secure longer tenancy periods.

    However, the affordability index for BONGAREE stands high at 64 years, indicating a decreased affordability in the area – something for prospective buyers to assess with caution.

    Exploring the supply-side metrics, the suburb’s houses have a stock on market Percentage of a favourable low 0.19% and an inventory level of fast-moving 0.49 months. building approvals Ratio for houses is only 0.15%, indicating limited supply and possible increase in property value.

    Examining the demand-side, the average days on market for houses is moderately high at 77, suggesting a somewhat cooler market. However, the vacancy rate (including both houses and units) is low at 1.3%, which hints that properties are in high demand, and providing opportunities to negotiate higher rents.

    Lastly, the buy search index for BONGAREE houses measures at 3, signifying average demand relative to the state. This balance of metrics reflects that while there might be a slight challenge with affordability, BONGAREE houses present reasonably favourable opportunities for property investors and buyers agents, especially those focusing on rental yield.

    It’s worth noting that certain metrics might fall in unfavourable ranges, but should the majority of metrics showcase positivity, fruitful investments can be anticipated. Utilising tools like the RCS (Relative Composite Score) by HtAG Analytics empowers you with automated research encompassing over 80 metrics, ensuring a comprehensive understanding of the property market.

    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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