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Bungalow suburb profile

Bungalow is a vibrant suburb located just south of Cairns CBD in Far North Queensland. Known for its industrial roots, Bungalow has evolved into a mixed-use area featuring a blend of commercial enterprises and residential properties. The suburb offers convenient access to the city center, making it an attractive location for businesses and residents seeking proximity to urban amenities. Bungalow's diverse community enjoys a range of local services, eateries, and shopping options, contributing to its dynamic atmosphere. Its strategic location and evolving landscape make Bungalow a noteworthy suburb in the Cairns region.

Bungalow property market performance

Current median dwelling price$560,500Past 3 months

Property growth+22.4%Past 12 months

Bungalow's property market has experienced significant growth over the past 12 months, particularly in the unit sector. While the median house price is currently unavailable, house values have surged by 25.3%. Units have also seen a substantial increase, with values rising by 19.6%, bringing the median unit price to $421,000.

Sales activity has been modest, with 5 houses and 10 units sold over the past 12 months. Units are moving quickly, with a median of just 11 days on the market, compared to 22 days for houses, indicating strong demand for units.

The rental market in Bungalow has shown notable changes, with house rents increasing by 4.3% and unit rents rising significantly by 15.4% over the last 12 months, reflecting a robust demand for rental properties, especially units.

HousesUnits
Median price
Past 3 months
N/A$421K
Change in value
Past 12 months
25.3%19.6%
Sold
Past 3 months
510
Median days on market
Past 12 months
2211
Average rent
Past 12 months
$600$450
Change in rent
Past 12 months
4.3%15.4%

5 year median price trend for houses and units

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Bungalow demographics

Bungalow, located in the tropical city of Cairns, Queensland, offers a unique blend of suburban tranquility and proximity to the vibrant city life. With a population of 2,358, Bungalow is a small yet diverse community. The median age of 38 suggests a balanced mix of young families, professionals, and older residents who appreciate the suburb's relaxed atmosphere and convenient location.

The suburb's housing landscape is predominantly rental-based, with 61.5% of properties being rented. This high rental rate indicates a transient population, likely due to the suburb's appeal to those seeking flexible living arrangements, such as young professionals and families. The presence of couple families with children (28.7%) and one-parent families (29.1%) highlights Bungalow's family-friendly environment, while the 38.1% of couple families without children suggests a significant number of residents enjoying a quieter lifestyle.

Bungalow's median total household income of $1,121 per week reflects the suburb's affordability compared to larger urban centers. Property ownership is split between those owning outright (18.1%) and those with a mortgage (20.4%), indicating a stable community with a mix of long-term residents and new homeowners. The suburb's proximity to Cairns' amenities, combined with its laid-back charm, makes Bungalow an attractive option for those seeking a balanced lifestyle in the heart of Far North Queensland.

Bungalow infrastructure, key developments and investment opportunities

Bungalow benefits from its inner-city location close to the Cairns CBD, providing residents with convenient access to major employment hubs, retail centres and entertainment precincts, which supports ongoing demand for both owner-occupier and rental properties.[6][7] The suburb is predominantly low- to medium-density residential with a notable proportion of rental accommodation, and its proximity to key arterial roads into the city and industrial areas underpins appeal for tenants seeking short commutes.[4][6]

There are currently no widely publicised major new transport links, school openings or large-scale redevelopment projects specific to Bungalow, with most significant infrastructure activity occurring at the broader Cairns city level.[6][7] As a result, local property performance is being driven more by its established amenity, access to jobs, and broader regional infrastructure upgrades in Cairns rather than suburb-specific projects at this time.

Bungalow rental market trends

The rental market in Bungalow has experienced moderate growth, with house rents increasing by 4.3% over the past year to $600 per week, while unit rents have surged 15.4% to $450 per week. This reflects a strong demand for units, making Bungalow an attractive option for renters and investors seeking value in a vibrant community.

Suburbs near Bungalow

Some popular suburbs near Bungalow include:

  • Parramatta Park: Known for its historic charm and proximity to the city center, Parramatta Park is located directly northeast of Bungalow.
  • Westcourt: Featuring a mix of residential and commercial areas, Westcourt lies to the west of Bungalow.
  • Cairns City: The bustling heart of the region with vibrant nightlife and shopping, Cairns City is situated to the northeast of Bungalow.
  • Mooroobool: Known for its suburban feel and family-friendly parks, Mooroobool is located to the southwest of Bungalow.
  • Manunda: Offering a diverse community and convenient amenities, Manunda is situated to the north of Bungalow.

How does Bungalow compare to nearby suburbs?

  • Median house prices: Bungalow’s median house price is 9.8% higher than Westcourt’s.
  • Median unit prices: Bungalow’s median unit price is 4.0% higher than Westcourt’s.
  • House price growth: Over the past 12 months, house prices in Bungalow have grown 21.9% higher than in Parramatta Park.
  • Unit price growth: Over the past 12 months, unit prices in Bungalow have grown 10.1% higher than in Parramatta Park.
  • Selling speed for houses: Properties in Bungalow are selling 18.5% faster than in Parramatta Park.
  • Selling speed for units: Properties in Bungalow are selling 26.7% faster than in Parramatta Park.

Common questions about Bungalow

  • Is Bungalow a nice place to live?

    Bungalow is a charming suburb that offers a delightful mix of suburban tranquility and urban convenience, making it a lovely place to call home. Its proximity to Cairns CBD means residents can enjoy the vibrant city life while still relishing the peaceful atmosphere of a close-knit community. The suburb is known for its diverse and welcoming vibe, with a blend of residential and commercial areas that cater to a variety of lifestyles. Families will find Bungalow particularly appealing, as it provides a family-friendly environment with access to local services, eateries, and shopping options.

    Safety is generally not a major concern in Bungalow, contributing to its appeal for families and individuals alike. The suburb's location offers easy access to the amenities of Cairns, including employment hubs, retail centers, and entertainment precincts, which are just a short commute away. While Bungalow may not boast major new transport links or large-scale redevelopment projects, its established amenities and strategic location make it a convenient choice for those seeking a balanced lifestyle.

    However, living in Bungalow does come with some trade-offs. The high proportion of rental properties suggests a transient population, which might not suit everyone looking for a long-term community feel. Additionally, while the suburb offers a relaxed lifestyle, it may lack the buzz and nightlife of more central urban areas. Despite these trade-offs, Bungalow remains an attractive option for families, young professionals, and anyone seeking a harmonious blend of suburban peace and city accessibility in Far North Queensland.

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  • Is it expensive to live in Bungalow?

    Living in Bungalow might be considered relatively affordable compared to other areas. With the median unit price at $421,000, it offers a more budget-friendly option for those looking to purchase property, especially when compared to higher prices in more urbanized regions. Renting is also reasonably priced, with houses averaging $600 per week and units at $450 per week, making it a viable option for individuals or families who prefer renting over buying.

    When comparing the average wage in Bungalow, which is about AUD 1,121 per week or approximately AUD 58,000 per year, to the cost of living, it aligns well with regional Queensland standards. This suggests that the cost of living in Bungalow is manageable for those earning the average wage in the area. Overall, Bungalow offers a balance of affordability and lifestyle, making it an attractive choice for those looking to live in regional Queensland without the high expenses associated with larger cities.

    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 Bungalow a good place to invest?

    Bungalow is showing promising signs as a potential investment hotspot, with impressive growth in property values over the past year. The suburb has experienced a significant 25.3% increase in median house values and a 19.6% rise in unit values. This upward trend suggests strong demand and a healthy market, making it an attractive option for those looking to invest in real estate.

    In addition to the capital growth, Bungalow's rental market is also thriving. Rental prices for units have surged by 15.4%, indicating a robust demand from renters. While house rents have seen a more modest increase of 4.3%, the overall rental market remains strong, offering investors the potential for solid rental returns.

    Overall, Bungalow presents a compelling case for investment, with its combination of substantial property value growth and a vibrant rental market. The suburb's recent performance suggests it could be a rewarding choice for those seeking both capital appreciation and rental income.

    Down Pointer

Choose the right real estate agents in Bungalow

In Bungalow ,43 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 24.6% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.5% and 3.13%. 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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