Bongaree, QLD 4507: Suburb Profile & Property Report

Market Report

House report
Unit Report

Bongaree has 157 houses available for sale. The median property price for a house is currently $760,000 with annual capital growth of 7.04% . There were 123 house sales in the past 12 months. On average, houses spend 26 days on market.

If you're thinking about buying an investment property in Bongaree, consider that rental yields for houses are currently 3.97% with an average median rent of $570 weekly. Houses have seen 0.00% growth in the past quarter, and 7.04% growth in the past 12 months.

The size of Bongaree is approximately 6.9 square kilometres. It has 17 parks covering nearly 34.8% of total area. The population of Bongaree in 2011 was 6,523 people. By 2016 the population was 6,940 showing a population growth of 6.4% in the area during that time. The predominant age group in Bongaree is 60-69 years.

Households in Bongaree are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bongaree work in a professional occupation. In 2011, 63.6% of the homes in Bongaree were owner-occupied compared with 64% in 2016.

Bongaree has 92 units available for sale. The median property price for a unit is currently $532,500 with annual capital growth of 18.33% . There were 90 unit sales in the past 12 months. On average, units spend 20 days on market.

If you're thinking about buying an investment property in Bongaree, consider that rental yields for units are currently 4.65% with an average median rent of $495 weekly. Units have seen 1.43% growth in the past quarter, and 18.33% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$760,000	$532,500
Quarterly growth	0.00%	+1.43%
12-month growth	+7.04%	+18.33%
Average annual growth	+10.56%	+11.07%
Weekly median rent	$570	$495
Gross rental yield	3.97%	4.65%
Number of Sales (12m)	123	90
Avg. Days on Market (12m)	26	20

Jump to Market Trends

Key Demographics	2011	2016
Total population	6,523	6,940
Population change (5y)	+1.70%	+6.40%
Median household income (p/w)	$674	$816
Household income change (5y)	+21.66%	+21.07%
Median age of persons	62	63

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Bongaree is $760,000 for houses and $532,500 for units.

The Median Growth in Bongaree over the past 12 months is 7.04% for houses and 18.33% for units.

Over the past 12 months there were 123 houses sold and 90 units sold in Bongaree. On average, houses spent 26 days on market and units spent 20 days on market.

In the past 12 months up to July 2024 there were 123 houses sold and 90 units sold in Bongaree. On average, houses spent 26 days on market and units spent 20 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Bongaree is $570 for houses and $495 for units.

The Rental Yield in Bongaree is 3.97% for houses and 4.65% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Bongaree was 6,940 in 2016, a +6.40% change compared to 2011.

The predominant age group in Bongaree is 60-69 years.

The population of Bongaree was 6,940 in 2016, a +6.40% change compared to 2011.

The predominant age group in Bongaree is 60-69 years.

Most of the population in Bongaree were born in Australia.

Most of the population in Bongaree report their religion as No Religion.

Most of the population in Bongaree report their religion as Anglican.

Most of the population in Bongaree report their income range as between $15,000 and $33,000 .

The median household income in Bongaree was $816 in 2016, a +21.07% change compared to 2011.

Most of the population in Bongaree report their income range as between $15,000 and $31,000 .

The median household income in Bongaree was $674 in 2011, a +21.66% change compared to 2006.

Most of the population in Bongaree work as Professional.

Most of the population in Bongaree work as Trades.

The chart below demonstrates the various levels of education in Bongaree.

Most of the population in Bongaree reached a qualification level of Certificate.

2011 2016

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