Bungendore is a smaller suburb in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2621). With a population of 4,745, the suburb has an established demographic with a median age of 38. Households earn a median income of $152K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Bungendore is $850,000, having dropped significantly 17.5% over the past year. Units have a median price of $685,000 (-24.3% YoY). The current median weekly rent is $805. This gives a gross rental yield of approximately 4.9%. 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 2,796 incidents per 100,000 population.
From an investment perspective, Bungendore offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($850K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved -17.5% year-on-year.
Bungendore is a smaller suburb in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2621). With a population of 4,745, the suburb has an established demographic with a median age of 38. Households earn a median income of $152K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Bungendore is $850,000, having dropped significantly 17.5% over the past year. Units have a median price of $685,000 (-24.3% YoY). The current median weekly rent is $805. This gives a gross rental yield of approximately 4.9%. 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 2,796 incidents per 100,000 population.
From an investment perspective, Bungendore offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($850K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved -17.5% year-on-year.