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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+24.6%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/AN/A
Change in value
Past 12 months
27.8%21.4%
Sold
Past 3 months
68
Median days on market
Past 12 months
2211
Average rent
Past 12 months
$605$450
Change in rent
Past 12 months
5.6%12.5%

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.

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 23.3% higher than in Parramatta Park.
  • Unit price growth: Over the past 12 months, unit prices in Bungalow have grown 14.2% higher than in Parramatta Park.
  • Selling speed for houses: Properties in Bungalow are selling 4.3% faster than in Parramatta Park.
  • Selling speed for units: Properties in Bungalow are selling 26.7% faster than in Parramatta Park.

Choose the right real estate agents in Bungalow

In Bungalow ,44 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 24.2% 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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