Date Prepared: 14th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
Bongaree, situated on the western side of Bribie Island, is a charming coastal suburb known for its laid-back lifestyle, rich history, and scenic waterfront. The suburb attracts families, retirees, and holidaymakers seeking a tranquil environment and vibrant community.
Demographics
- Population: Approximately 6,500 (2021 Census, ABS).
- Median Age: 54 years, reflecting a mature, community-oriented population.
- Dwelling Type: Primarily standalone houses with a mix of holiday and permanent residences.
- Ownership: High ownership rates, indicative of long-term residential stability.
Property Market (2024)
Houses
- Median Sale Price: $762,500 (+3.7% annual growth).
- Median Weekly Rent: $590.
- Rental Yield: 4.0%.
- Sales Volume: 106 recorded house sales in the past 12 months.
Units
- Median Sale Price: $550,000 (+18.3% annual growth).
- Median Weekly Rent: $480.
- Rental Yield: 4.5%.
Long-Term Trends (2006–2024)
Bongaree’s housing market has grown steadily, with the median house price rising from $333,000 in 2006 to $762,500 in 2024. This represents an average annual growth rate of 6.5% over the last 18 years.
Recent Notable Sales
- 3 Crane Street: Sold for $755,000 (Oct 2024).
- 41 Bonham Street: Sold for $773,000 (Oct 2024).
- 6 Eel Place: Sold for $730,000 (Oct 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
Bongaree offers access to quality educational institutions both on Bribie Island and nearby:
- Primary Schools:
- Bribie Island State School.
- Secondary Schools:
- Bribie Island State High School.
- Private Schools:
- St. Columban’s College (nearby in Caboolture).
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Local Shops: Bongaree boasts boutique stores, cafes, and essential retail services.
- Nearby Options: Bribie Island Shopping Centre provides a broader range of shopping and dining options.
Parks and Recreation
- Bongaree Jetty: A popular spot for fishing and enjoying scenic views of Pumicestone Passage.
- Bribie Island Seaside Museum: Showcases the region’s cultural and natural history.
- Buckley’s Hole Conservation Park: A haven for birdwatchers and nature enthusiasts.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Easily accessible via Bribie Island Road, connecting to Caboolture and the Bruce Highway.
- Public Transport:
- Regular bus services connect Bongaree to other parts of Bribie Island and surrounding areas.
- Walkability:
- High; local amenities, parks, and the waterfront are easily accessible on foot.
Source: TMR Queensland, Walkscore.
Recent and Planned Developments
- Residential Expansion: Continued growth in holiday accommodations and high-quality homes.
- Community Enhancements: Upgrades to local parks, public facilities, and waterfront infrastructure.
Source: Pricefinder, Your Investment Property Magazine.
Community and Employment
- Employment Sectors:
- Tourism, healthcare, retail, and education are the primary industries.
- Community Activities:
- Farmers’ markets, art festivals, and recreational events bring residents together.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
| Metric | Value |
|---|---|
| Population | ~6,500 (2021 Census). |
| Median House Price (2024) | $762,500. |
| Median Rent (Houses) | $590/week. |
| Rental Yield (Houses) | 4.0%. |
| Median Unit Price (2024) | $550,000. |
| Median Rent (Units) | $480/week. |
| Rental Yield (Units) | 4.5%. |
| Notable Parks | Bongaree Jetty, Buckley’s Hole, Bribie Island Seaside Museum. |
| Transport Access | Bribie Island Road, bus services. |
Conclusion
Bongaree offers an exceptional blend of natural beauty, a relaxed coastal lifestyle, and strong community ties. With its steady property growth, excellent amenities, and proximity to Bribie Island’s attractions, it is an ideal location for retirees, families, and investors seeking long-term potential.