1 The Boulevard, Bongaree QLD 4507
1 The Boulevard, Bongaree QLD 4507
Large-lot coastal house | 1,010 mยฒ block | Bongaree address | 3 bedrooms, 2 bathrooms | 3 car spaces | spacious family potential
This property stands out for its generous land size, sitting on a 1,010 mยฒ allotment that is notably larger than what is typical for Bongaree. The house itself is configured with three bedrooms, two bathrooms, and three car spaces, offering a practical layout for families or downsizers seeking room to spread out. Its location on The Boulevard places it within a coastal setting that appeals to sea-changers and owner-occupiers looking for a quieter lifestyle with space for outdoor living or future improvements. The area draws a mix of buyers, including local families and investors, though the large block here tilts the advantage toward those wanting land rather than immediate rental yield.
The propertyโs value may be influenced by the absence of verified details on building age, renovation quality, or internal finishes, which could affect how a buyer prices the house itself versus the land. The large block might support subdivision or development potential, but without confirmed zoning or council overlays, this remains uncertain. Rental demand in Bongaree shows positive growth, but the yield on a property of this size may be lower than smaller homes. Buyers should weigh the landโs rarity against the need for possible updates or further due diligence on site constraints.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 1 The Boulevard, Bongaree QLD 4507
Market Insight:
Bongaree’s property market is characterised by exceptional capital growth, with house values surging 97% over five years and a remarkable 17-23% in the past year alone. This rapid price escalation, alongside a median house price approaching $950,000, signals a high-demand, high-growth environment. Demand is evidenced by brisk sales, with houses averaging just 27 days on market, and stronger performance for larger dwellings. While rental yields are moderate, the suburb’s sustained price momentum suggests robust buyer competition, though this growth trajectory introduces potential affordability constraints for future entrants.