34/19 Bongaree Avenue, Bongaree QLD 4507
34/19 Bongaree Avenue, Bongaree QLD 4507
2 bed unit in over-50s Solana estate | Sold $623k Apr 2024 | $810k estimated value | Flood and bushfire risk flagged | Resort-style amenities on site
This property sits within a managed over-50s community that offers pool, tennis, and gym facilities, making it competitively strong for downsizers seeking low-maintenance coastal living. The immaculate presentation noted at sale suggests a well-cared-for interior, and the unit configuration with two bathrooms adds convenience for its target buyer. Located in Bongaree on Bribie Island, the estate provides a quiet lifestyle-oriented setting that appeals strongly to sea-changers and local downsizers rather than families. The estimated value increase from the April 2024 sale price reflects either genuine market movement or classification differences in how databases treat this unit versus a house. This property serves best an owner-occupier over 50 who values shared amenities and wants to lock in a turnkey home without renovation demands.
The flood zone and bushfire risk flags may affect insurance costs and could narrow the buyer pool slightly, though many coastal retirement estates carry similar designations without major saleability issues. The strata title and attached configuration mean land component is small compared to a house, which may limit long-term capital growth relative to detached stock. Buyers should weigh the resort-style amenity against ongoing body corporate fees, which are not disclosed in public records. The value gap between the recent sale and current estimate suggests either strong price appreciation or a need to verify which classification the higher figure assumes. A physical inspection to confirm orientation, noise levels, and actual finish quality would be prudent before forming a final view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 34/19 Bongaree Avenue, Bongaree QLD 4507
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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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.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
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