FOR SALE
$495k MR & $520k Unit = Total $1.015M

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Bongaree QLD 4507

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Paradise Living Awaits - Beachside MR

Unlock the potential of Bribie Island, a thriving holiday destination!
Embrace the ultimate sea change with a peaceful waterfront setting overlooking the stunning Pumicestone Passage. This boutique holiday apartment complex offers both lifestyle and investment appeal, promising lucrative returns.
- Prime Location: Just an hour's drive north of Brisbane, this hotspot draws a constant flow of visitors from Brisbane and interstate.
- Profitable Business: With a proven net profit of $145,682 @ a strong ROI of 14.3% and room for growth by optimizing inventory and operations, this complex boasts a strong track record and promising profit margins.
- Growth Opportunities: Increase revenue by boosting direct bookings, utilizing dynamic pricing, and reconfiguring room layouts for higher occupancy.
- Secure Income: A sound body corporate salary further strengthens the Net Operating Profit.
- Extra unit recently added to the letting pool, now 14 in total, with a potential for another to come online from Jan25. Profit currently not accounted for in the NOP. Uptick in profit straight away.
Conveniently located within walking distance to popular restaurants, the Bowls Club, the RSL, and just a short drive to the Sandstone Point Hotel. The only Island in the region accessible by bridge.
Don’t miss out on this exceptional opportunity—contact our exclusive agents today to learn more and schedule a viewing today!
**Ras360 – Management Rights | Motels | Hotels | Pubs | Parks**

Property Details for Contact Agent For Address, Bongaree

Building Type
Commercial

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About Bongaree 4507

The size of Bongaree is approximately 6.9 square kilometres. It has 17 parks covering nearly 34.8% of total area. The population of Bongaree in 2011 was 6,523 people. By 2016 the population was 6,940 showing a population growth of 6.4% in the area during that time. The predominant age group in Bongaree is 60-69 years. Households in Bongaree are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bongaree work in a professional occupation. In 2011, 63.6% of the homes in Bongaree were owner-occupied compared with 64% in 2016.

Bongaree has 5,098 properties. Over the last 5 years, Houses in Bongaree have seen a 63.00% increase in median value, while Units have seen a 79.88% increase. As at 31 October 2024:

  • The median value for Houses in Bongaree is $797,966 while the median value for Units is $602,069.
  • Houses have a median rent of $590 while Units have a median rent of $500.
There are currently 39 properties listed for sale, and 6 properties listed for rent in Bongaree on OnTheHouse. According to CoreLogic's data, 191 properties were sold in the past 12 months in Bongaree.

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Malcolm O'Farrell
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Geoff Hatchman
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RAAS Property Group
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