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Bowen, QLD 4805

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 Bowen, QLD 4805 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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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 “Bowen, QLD 4805”

  1. The total adult population (15 years or older) of Bowen 4805 QLD is 9,161, with a median age of 42. Of those, 43.64% are married, 14.18% are divorced or separated, 36.27% are single and 5.93% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,120. The median monthly mortgage repayment for households in this suburb is $1,500 which is 21.07% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Bowen, postcode 4805, is situated in Queensland, boasting an estimated 7,240 households. As we transition into the third quarter of 2023, the Bowen housing market presents appealing figures with typical house prices at approximately $463,884. This complements nicely with a median weekly rent of $364, providing a satisfactory indicative yield of 4.08%.

    Bowen’s IRSAD score denotes a fairly positive socio-economic climate marked at 897 out of a top score of 1217. The residents in Bowen seemingly enjoy moderate access to economic resources with higher than average income levels and a pool of skilled professions.

    In examining the renter to owner ratio, Bowen displays a balanced sphere of 38%. Although the percentage slightly exceeds the ideal mark, the presence of rental properties does not overshadow the overall appeal of the suburb, keeping the long-term returns in a favourable light.

    Talk about a market that isn’t oversaturated with units! With only a 9% representation in the market, Bowen adheres to an optimal unit to house ratio. This means less competition among landlords bidding for tenants, which generally leads to better rental yields. Suburbs like Bowen, that house fewer units but more houses, traditionally attract families who provide longer tenancy periods.

    A glance at the affordability index gives us reason to smile, standing at 26 years. This value, falling well below the troublesome mark of 31 years, showcases Bowen as a market with strong affordability, opening doors to a larger pool of potential property owners.

    The supply metrics for Bowen are encouraging with the stock on market Percentage for houses at a low 0.37%. This lower SoM% implies that the market is not oversaturated with unsold properties. Additionally, a lean inventory level of 1.04 months assures that the market can quickly absorb new listings. The building approvals Ratio stands at zero for houses, indicating a stable supply of new residential properties entering the market.

    The average number of days a ‘for sale’ listing stays active online in Bowen is 45. While this falls slightly in the higher than optimal range, it does not signal alarmingly low demand. Further demonstrating that the demand for property holds up well in Bowen, the vacancy rate across both houses and units is very low at just 0.33%, and the buy search index for houses stands at 3.

    In summary, Bowen’s market exhibits certain healthy trends as an investment location, but as always, prospective property investors need to keep constant vigilance of the property market developments. The Bowen area ticks the box for a promising suburb with a balanced renter to owner ratio, favourable supply metrics, and manageable demand. However, careful attention to changing trends would ensure savvier investment decisions. And that’s where the HtAG’s Relative Composite Score (RCS) metric adds value. Taking into account over 80 metrics, RCS goes beyond the basic analysis, providing a clearer picture of the market and easing your investment decision process.

    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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