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Bonang, VIC 3888
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$505,000
market range $325K-$550K
Median Unit
$230,000
list-price estimate
Gross Yield (houses)
4.8%
1yr Growth
-
Investment snapshot for Bonang
Bonang has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Bonang market and investor summary
Bonang (VIC 3888) runs a median house price of $505K, with houses yielding a gross 4.8%. At 0.8% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.8% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking. Houses also take time to sell, around 71 days on market, so plan for a slower exit if you ever need one.
Living in Bonang: people, income and schools
Bonang has a resident population of roughly 52, a number that has held fairly steady over five years. The median age is 58, an older, established demographic, and families account for 53% of households.
Households here earn a median of about $40,000 a year, or roughly $760 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 12.7 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 40% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
- Population
- 52
- +2% over 5yr
- Median age
- 58 years
- Median household income
- $40,000/yr
- Households renting
- 20%
- Family households
- 53%
- Socio-economic rank
- 2/10
- ABS advantage index
- Unemployment
- 6.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Bonang
No properties currently listed in Bonang
Search Bonang listings →Frequently asked questions about Bonang
What should I check before investing in Bonang?
Bonang has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.8% gives a usable rent-to-price starting point. Tight rental market (0.8% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Bonang?
The median property price in Bonang, VIC 3888 is $505K for houses.
What rental yield does Bonang show?
The gross rental yield in Bonang is 4.8% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Bonang?
The current vacancy rate in Bonang is 0.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Bonang?
Bonang has a population of approximately 52 residents, with a median age of 58.
Is Bonang affordable to buy in?
A median house in Bonang costs about 12.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Bonang's population growing?
The population of Bonang has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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