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Bonogin, QLD 4213

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 Bonogin, QLD 4213 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 “Bonogin, QLD 4213”

  1. The total adult population (15 years or older) of Bonogin 4213 QLD is 3,799, with a median age of 40. Of those, 58.36% are married, 9.06% are divorced or separated, 30.32% are single and 2.24% are widowed.

    The average household size is 3.3 people per dwelling, and the median household monthly income is estimated to be $10,576. The median monthly mortgage repayment for households in this suburb is $2,392 which is 22.62% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban area of Bonogin 4213, situated in Queensland, comprises around 1673 households. As we traverse through Q3 of 2023, the characteristic prices for houses within this postcode sit at $1,459,710. The median weekly rent is posted at $954, which manifests an indicative yield of approximately 3.4%. This figure signifies a promising investment opportunity, as yields above 3% are often sought after by astute, cash flow-seeking property investors.

    From a socioeconomic perspective, Bonogin scores favourably with an IRSAD index of 1090 out of 1217, indicating a comparatively affluent populace in the area. Boosting the appeal to potential investors, the renter to owner ratio is at a satisfyingly low 7%. This underlines good long-term return potential whilst mitigating risks linked with rental property oversaturation. The units to houses ratio stands flat at 0%, an exceptional score indeed, amplifying interest from those keen on markets with less competition for tenants, subsequently maintaining high rental yields.

    However, the affordability index for houses in Bonogin flags a concern at 54 years, considerably higher than the standard 30-year mortgage period, indicating notably decreased affordability for potential homeowners. This could have a somewhat cooling effect on market demand.

    In terms of supply, Bonogin is evidencing a very favourable climate indeed. The stock on market percentage for houses is a mere 0.06%, pointing towards a low and appealing supply situation. Furthermore, the inventory level for houses is at an outstanding low of 0.2 months, underlining a very absorbed property market.

    Building approvals ratio echoes this sentiment at a respectable 1.14%, indicating a modest supply of new residential properties. This, in turn, creates favourable conditions for ongoing demand.

    Complimenting the supply metrics, the average ‘Days on Market’ for houses stands at a low 33 days, indicating a high demand from buyers – a condition that property investors find attractive. Furthermore, the vacancy rate, accounting for both houses and units, is 2.75%, an acceptable score, suggesting an overall healthy rental market.

    Finally, the buy search index for houses is firmly above the average at 6, suggesting the area is currently experiencing a high influx of potential home buyers. This can potentially herald a time of price increases.

    In conclusion, despite the high affordability index, most indicators place Bonogin 4213 as a promising suburb for property investment in Q3 2023. It’s always essential, however, to consider not just the snapshot of these metrics, but also the trends over time – this can be visualised in your dashboard. Ensure to refer to the Relative Composite Score (RCS) provided by HtAG Analytics for an aggregate insight into the market, as this tool incorporates over 80 metrics for a comprehensive analysis.

    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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