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Bonython suburb profile

Bonython is a picturesque suburb located in the Tuggeranong district of Canberra, ACT, offering a serene and family-friendly environment. Nestled along the Murrumbidgee River, it provides residents with stunning natural landscapes and ample recreational opportunities. The suburb features a mix of modern homes and established properties, catering to diverse lifestyle needs. Bonython is well-connected to the rest of Canberra through efficient public transport and road networks, ensuring convenience for commuters. With its local parks, schools, and community facilities, Bonython is an appealing choice for families and individuals seeking a peaceful suburban lifestyle within reach of urban amenities.

Bonython property market performance

Current median dwelling price$629,750Past 3 months

Bonython's property market has shown modest growth over the past 12 months, with house values increasing by 1.5%, bringing the median house price to $836,500. The unit market remains inactive, with no change in median value and minimal sales activity.

In terms of sales, 20 houses have been sold over the past 12 months, with a median time on market of 28 days, indicating a relatively brisk pace for house sales. The unit market, however, has seen only 2 sales, reflecting limited demand or availability.

The rental market for houses in Bonython has experienced a 4.8% increase over the last 12 months, with the average rent reaching $650. The unit rental market remains inactive, with no recorded changes or activity.

HousesUnits
Median price
Past 3 months
$837KN/A
Change in value
Past 12 months
1.5%N/A
Sold
Past 3 months
202
Median days on market
Past 12 months
28N/A
Average rent
Past 12 months
$650N/A
Change in rent
Past 12 months
4.8%N/A

5 year median price trend for houses and units

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Bonython demographics

Bonython, located in the Tuggeranong district of Canberra, is a suburb that offers a balanced lifestyle with its blend of family-friendly amenities and natural surroundings. With a population of 3,839 and a median age of 38, Bonython is home to a mature community that values both stability and growth. The suburb's proximity to the Tuggeranong Town Centre provides residents with convenient access to shopping, dining, and recreational facilities, making it an attractive option for families and professionals alike.

The suburb's housing market is characterized by a significant proportion of home ownership, with 31.4% of properties owned outright and 40.5% owned with a mortgage. This reflects a stable community with a strong sense of investment in the area. Additionally, 28.1% of the properties are rented, offering flexibility for those who prefer not to commit to home ownership. The median total household income of $2,223 per week suggests a relatively affluent community, which is supported by the suburb's well-maintained infrastructure and public services.

Family dynamics in Bonython are diverse, with 45.4% of households comprising couple families with children, and 32.0% being couple families without children. One-parent families make up 20.5% of the community, indicating a supportive environment for various family structures. The suburb's layout, with its parks and green spaces, encourages outdoor activities and community engagement, making Bonython a desirable place for those seeking a harmonious blend of urban convenience and suburban tranquility.

Bonython infrastructure, key developments and investment opportunities

Bonython’s appeal is being supported more by its established suburban setting than by any major new development pipeline. The suburb’s access to local shops, schools, parks and the Murrumbidgee River corridor continues to underpin demand from families and buyers seeking a quieter, more livable location.

Public transport remains bus-based rather than rail-based, so connectivity to larger employment and retail centres is still an important factor for residents. At this time, there are no significant local infrastructure or redevelopment projects identified that are likely to materially change Bonython’s property market in the near term.

Bonython rental market trends

The rental market in Bonython has experienced moderate growth, with house rents increasing by 4.8% over the past year to $650 per week. However, there has been no change in unit rents, which remain at $0, indicating a potential lack of available units. Bonython continues to attract interest due to its suburban appeal and proximity to Canberra's amenities.

Suburbs near Bonython

Some popular suburbs near Bonython include:

How does Bonython compare to nearby suburbs?

  • Median house prices: Bonython’s median house price is 17.2% higher than Greenway’s.
  • Median unit prices: Bonython’s median unit price is 4.9% lower than Greenway’s.
  • House price growth: Property prices in nearby Isabella Plains have risen 4.3% more than in Bonython over the past year.
  • Selling speed for houses: Properties in Bonython are selling 20.0% faster than in Isabella Plains.
  • House price growth: Over the past 12 months, house prices in Bonython have grown 19.1% lower than the average rate of growth across Canberra.
  • Unit price growth:Over the past 12 months, unit prices in Bonython have grown 6.9% lower than the average rate of growth for units across Canberra.

Common questions about Bonython

  • Is Bonython a nice place to live?

    Bonython is a delightful suburb that offers a serene and welcoming environment, making it a wonderful place to live. Known for its picturesque setting along the Murrumbidgee River, Bonython provides residents with beautiful natural landscapes and a peaceful atmosphere. The suburb exudes a family-friendly vibe, with its well-maintained parks and community facilities that encourage outdoor activities and foster a strong sense of community. Families will find Bonython particularly appealing due to its proximity to quality schools and the convenience of nearby shopping and dining options at the Tuggeranong Town Centre.

    Safety is generally not a concern in Bonython, as it is a suburb that prides itself on its community spirit and low crime rates. The area is well-connected to the rest of Canberra through efficient road networks and public transport, making commuting straightforward for professionals. While Bonython may not offer the hustle and bustle of inner-city living, it compensates with its tranquil suburban charm and the opportunity to enjoy a balanced lifestyle.

    However, living in Bonython does come with some trade-offs. The suburb relies on bus-based public transport, which might not be as convenient as rail options for those commuting to larger employment hubs. Additionally, while Bonython boasts a stable property market, it lacks significant new development projects, which may appeal to those looking for a more established community rather than a rapidly changing one. Overall, Bonython is an excellent choice for families and individuals seeking a harmonious blend of suburban tranquility and urban convenience.

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  • Is it expensive to live in Bonython?

    Living in Bonython can be considered relatively affordable compared to other suburbs in Canberra. The median house price in Bonython is currently $836,500, which is quite reasonable when compared to the higher property prices often found in the more central areas of Canberra. However, it's important to note that there are no units available in Bonython, which might limit options for those looking for smaller or more affordable housing types.

    When it comes to renting, the average rent for houses in Bonython is $650 per week. This rental price aligns closely with the median total household income in the suburb, which is $2,223 per week. In comparison, the average wage in the Australian Capital Territory is around $2,000 per week. This means that residents of Bonython generally earn slightly above the average wage for the region, which can help offset the cost of housing.

    Overall, if you are thinking of living in Bonython, you will find that while it may not be the cheapest suburb, it offers a good balance between income levels and housing costs. It's an attractive option for those who want to live in Canberra without the hefty price tag associated with more central locations.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Bonython a good place to invest?

    Bonython presents a stable investment opportunity, particularly for those seeking steady rental income. Over the past year, the suburb has experienced a modest 1.5% increase in median house values, indicating a stable market without the volatility seen in some other areas. While unit values have remained unchanged, the rental market for houses has shown a healthy 4.8% increase, suggesting strong demand from tenants.

    The suburb's appeal lies in its family-friendly environment and accessibility to local amenities, making it an attractive option for long-term renters. Although the capital growth for units has been stagnant, the consistent rental demand for houses provides a reliable income stream for investors. Bonython's steady market conditions make it a low-risk choice for those looking to invest in property without the pressure of rapid market fluctuations.

    Overall, Bonython is a solid option for investors prioritizing rental yield and stability over quick capital gains. Its consistent performance and community appeal offer a dependable investment landscape, particularly for those interested in the rental market. While it may not be the fastest-growing suburb, its reliability makes it a worthwhile consideration for property investors.

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Choose the right real estate agents in Bonython

In Bonython ,52 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 22.4% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.17% and 2.58%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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