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Bokarina, QLD 4575

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 Bokarina, QLD 4575 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

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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 “Bokarina, QLD 4575”

  1. The total adult population (15 years or older) of Bokarina 4575 QLD is 1,482, with a median age of 37. Of those, 53.71% are married, 11.61% are divorced or separated, 32.79% are single and 2.50% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $10,500. The median monthly mortgage repayment for households in this suburb is $2,400 which is 22.86% of their earnings.

    Source: ABS Census Data (2021)

  2. Bokarina 4575, situated in Queensland, is a vibrant suburb with a tight-knit community of around 1200 households. As we delve into the third quarter of 2023, property investors and buyers agents will find Bokarina’s real estate landscape particularly interesting, especially when viewed in the context of houses.

    Keeping the focus on houses, the typical price in Bokarina is marked at a robust $1,539,856 AUD. This pairs with a median weekly rent of $831, culminating in an indicative yield of 2.81%. Although the yield falls slightly below the 3% mark, which cashflow-centered property investors generally find appealing, this should not altogether rule out the area as a viable investment opportunity.

    Providing a deeper insight into the socio-economic indicators, Bokarina holds an IRSAD score of 1066 out of a possible 1217, denoting a commendable socio-economic status within the suburb’s precincts. Meanwhile, the renter to owner ratio is rather favourable, positioned at 26%, elucidating that the rental market is not oversaturated, while still acknowledging the presence of suitable investment possibilities.

    The units to houses ratio falls at a satisfactory 21%, demonstrating a preferential leaning towards houses over units in the market. This is good news for potential investors, as it often translates into less competition for tenants and potentially higher rental yields.

    However, accessibility seems to be slightly hindered according to the affordability index for houses, which hits the 57-year mark. This implies a slower pace towards complete property ownership, considering a standard 30-year mortgage.

    Turning towards supply metrics, the stock on market percentage for houses inches below the halfway mark at 0.47%, indicative of a balanced market with no alarms of oversupply. Coupling this with an inventory level of approximately 1 month, we can deduce that the Bokarina housing market efficiently absorbs new listings.

    Building Approvals Ratio for houses is maintained at a 1.26%, indicating a steady supply of new dwelling stocks without pointing to an inflated market.

    In terms of demand dynamics, the days on market metric for houses generally leans towards a neutral demand, as it rests at 65 days. The Vacancy Rate, which includes both houses and units, stands high at 6.49%, suggesting a lower demand. However, the buy search index for houses shoots up to a solid 6, indicating a strong interest despite the vacancy rates, which in turn could imply future potential growth.

    While every metric carries its weight in informing savvy investment decisions, the RCS developed by HtAG Analytics aims to simplify this process by collating over 80 metrics into one comprehensive Relative Composite Score. So while Bokarina’s property market might present some shortcomings, many of its key metrics are within favourable ranges which could make it an area worth considering for investment.

    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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