Question 1

Is Bongaree a nice place to live?

Accepted Answer

Bongaree is a delightful coastal suburb that offers a serene and picturesque lifestyle on Bribie Island. Known for its tranquil atmosphere and natural beauty, it is a charming place to call home. The suburb's relaxed vibe is complemented by its stunning beaches and lush parks, making it a haven for those who appreciate the great outdoors. Bongaree's village-like feel is enhanced by local shops and cafes, providing residents with convenient amenities while maintaining a peaceful, community-focused environment.

Families will find Bongaree appealing due to its proximity to local schools and the broader amenities of the Moreton Bay region. While the suburb predominantly attracts retirees and empty nesters, the presence of couple families with children and one-parent families adds diversity to the community. Safety is generally not a concern, and the suburb's laid-back lifestyle is perfect for those seeking a peaceful retreat from the hustle and bustle of city life.

However, living in Bongaree does come with some trade-offs. The absence of a local train station means residents rely on regular bus connections for public transport, and the lack of major new transport corridors or commercial developments suggests that the suburb's growth is more organic and steady. Despite these minor inconveniences, Bongaree's established amenities, waterfront position, and scenic surroundings make it a highly desirable place to live for those who value a relaxed coastal lifestyle.

Question 2

Is it expensive to live in Bongaree?

Accepted Answer

Living in Bongaree can be quite costly, especially when it comes to housing. The median house price in Bongaree is currently around $1,035,000, which is significantly high considering the local average wage. Units are slightly more affordable, with a median price of $720,000. Renting in Bongaree also demands a considerable budget, with houses averaging $650 per week and units at $500 per week.

When we compare this to the median weekly household income in Bongaree, which is $826, it's clear that a large portion of income would need to be allocated to housing. This is particularly noticeable when considering that the average wage in Bongaree is lower than the average in larger urban areas. Therefore, if you are thinking of living in Bongaree, it's important to carefully evaluate your financial situation to ensure it aligns with the cost of living in this picturesque coastal suburb.

Question 3

Is Bongaree a good place to invest?

Accepted Answer

Bongaree is showing promising signs as a good place to invest, especially if you're looking for a suburb with strong recent growth. Over the past year, the median house value in Bongaree has increased by an impressive 21.5%, indicating a robust demand for property in the area. This kind of growth suggests that the suburb is becoming increasingly popular, potentially due to its appealing lifestyle or proximity to desirable amenities.

While the growth in unit values is slightly lower at 12.4%, it's still a healthy increase, showing that both houses and units are in demand. Rental growth for houses has also been strong, with an 8.3% increase over the last year, which is great news for investors looking for rental income. Although the rental growth for units is modest at 0.4%, the overall upward trend in property values suggests that Bongaree is on the rise.

Overall, Bongaree offers a compelling mix of capital growth and rental potential, making it an attractive option for investors. The recent increases in property values and rental rates indicate a suburb that is gaining traction and could continue to offer solid returns in the future.

	Houses	Units
Median price Past 3 months	$1.18M	$752K
Change in value Past 12 months	21.2%	13.8%
Sold Past 3 months	22	17
Median days on market Past 12 months	33	27
Average rent Past 12 months	$650	$505
Change in rent Past 12 months	8.3%	3.5%

Get a property report and suburb profile for any property in Bongaree

Bongaree suburb profile

Bongaree property market performance

5 year median price trend for houses and units

Bongaree demographics

Suburbs near Bongaree

How does Bongaree compare to nearby suburbs?

Choose the right real estate agents in Bongaree

Get a head start and compare top local agents in Bongaree

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market