Bungendore (postcode 2621) is a smaller suburb in New South Wales within the Queanbeyan-Palerang Regional local government area. It is home to about 4,745 residents, with a settled mid-life population and a median age of 38. Households earn a median income of $152K per year, with an average household size of 2.9 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward public admin & safety and construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Bungendore stand at $1.1 million, having posted strong gains by 7.9% over the last twelve months. Units have a median price of $611,000 (-2.8% YoY). The current median weekly rent is $722. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,383.
Bungendore is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1036, which is around the national average of 1,000. Public transport access includes 2 rail stations, 75 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.3% (moderate yield). Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 7.5x is considered moderate. House prices have moved +7.9% year-on-year.