Bowen (postcode 4805) is an established suburb in Queensland within the Whitsunday local government area. The area has roughly 11,205 residents and an established demographic, with a median age of 42. Households earn a median income of $70K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 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 labourers, technicians & trades, machinery operators & drivers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
The median house price in Bowen is $435,000, having risen steeply by 11.5% over the past year. Units have a median price of $322,000 (+13.7% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,500.
Bowen is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 924, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Whitsunday LGA is moderate at 6,148 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 6.0% (high yield). Property prices sit below the state median ($435K/$1.1M), which can point to relative value. The price-to-income ratio of 6.2x is considered moderate. House prices have moved +11.5% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.