Question 1

Is Bongaree a nice place to live?

Accepted Answer

Bongaree sits at the southern tip of Bribie Island beside the calm Pumicestone Passage, with surf beaches to the east. The suburb’s heart is the timber Bongaree Jetty and a foreshore esplanade with cafes, parks and popular fishing spots, while mangrove channels and Bribie Island National Park provide walking, birdwatching and boating. Housing ranges from weatherboard and fibro cottages to low-rise units and holiday homes, and the Bribie Island Bridge and local bus links keep the island connected without losing its small-town feel.

The community of 8,162 has a median age of 67 and a median household income of $826 a week (about $43,000 a year). Most households are couple families without children and about three in four homes are owner-occupied. State and council programs are progressing transport and local upgrades, and council works include pedestrian and culvert improvements, sports facility upgrades, jetty pontoons and new park amenities alongside completed seniors community housing. That mix points to a quieter beachside suburb that tends to suit retirees and families who prefer a settled coastal lifestyle; whether it fits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Bongaree?

Accepted Answer

On these figures, housing in Bongaree sits well above local incomes recorded at the most recent Census. Average house rent of $668 a week would take about 80.9% of a typical local household's weekly income at the last Census, and unit rent of $520 a week would take about 62.9% of that income. Buying is similarly stretched: the median house price of $970,000 is about 22.6 times a typical local annual household income at the last Census, while the median unit price of $795,000 is about 18.5 times. If you are renting the rent share is the immediate measure to consider; if you are buying the price multiple is the relevant comparison.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Bongaree a good place to invest?

Accepted Answer

Over the past 12 months Bongaree showed sizeable movement on both value and rent. Median house values climbed 18.3% and median unit values climbed 16.7%, while house rents rose a strong 12.3% and unit rents increased a solid 8.8%.

If you care most about capital growth the value figures are the ones to watch; if rental income matters more, look to the rent changes. On both measures houses in Bongaree recorded slightly larger gains than units over the year. Whether that pattern suits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$970K	$795K
Change in value Past 12 months	18.3%	16.7%
Sold Past 3 months	20	15
Median days on market Past 12 months	34	28
Average rent Past 12 months	$668	$520
Change in rent Past 12 months	12.3%	8.8%

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