Bonnet Bay Property Insights - July 2024

Bonnet Bay, located in NSW, spans approximately 1.5 square kilometers and features 8 parks, which cover nearly 32.3% of the total area. The population increased from 2,132 in 2011 to 2,262 in 2016, showing a growth of 6.1%. The predominant age group is 40-49 years. Households in Bonnet Bay are primarily couples with children, with many repaying $3000 - $3999 per month on mortgage repayments. Employment in the area is mainly in professional occupations. The percentage of owner-occupied homes has slightly decreased from 94.8% in 2011 to 93.5% in 2016. Currently, the median sales price for houses in Bonnet Bay is $1,580,000.

Market Trends

• Houses:

  • Properties Sold (Last 12 months): 37

  • Average Tenure Period: 17.1 years

  • Median Asking Rent: $1075/week

  • New Sale Listings (Last 12 months): 26

  • Median Days on Market: 25

  • Median Price: $1,580,000 (Middle sale price over the past 12 months)

• Units:

  • Properties Sold (Last 12 months): 1

  • Median Price: $911,531 (Middle sale price over the past 12 months)

• Land:

  • Properties Sold (Last 12 months): 1

  • Median Price: Not available

Recent Median Values

• Houses: Increased from $1,606,230 in Jul 2023 to $1,686,773 in Jun 2024

• Units: Decreased from $936,168 in Jul 2023 to $911,531 in Jun 2024

Sales Analysis

• Houses:

  • Total Sales Value: $62.89M

  • Price Distribution:

    • $400K-$600K: No sales

    • $600K-$800K: No sales

    • $800K-$1M: 19 sales

    • $1M-$2M: 28 sales

    • $2M: 8 sales

• Units:

  • Total Sales Value: $1.17M

  • Price Distribution:

    • No sales in <$200K-$1M ranges

Rental Market

• Houses:

  • Median Rent: $1075/week

  • Rental Yield: 3.0%

• Units:

  • Median Rent: Not available

  • Rental Yield: 3.6%

Demographics

• Household Structure:

  • Couples with Children: 54.9%

  • Childless Couples: 38.9%

  • Single Parents: 6.8%

• Population Age Distribution:

  • Predominantly 40-49 years old (15.4%)

• Household Income:

  • $182K+: 30.9%

  • $130K-$182K: 19.2%

  • $78K-$130K: 17.7%

Conclusion

Bonnet Bay is a stable and family-friendly suburb with a high percentage of couples with children and a professional workforce. The property market shows high median prices and consistent growth in house values, making it an attractive location for families and professionals. The rental market for houses offers strong yields, although the unit market is less active. The suburb's ample parkland and strong community structure further enhance its appeal as a desirable place to live and invest.