Bungendore NSW Property Investment
Snowy Monaro · 2621 · Score: 65/100 · Buy
Bungendore Short-Term Rental (Airbnb) Market
Estimated revenue assumes year-round availability. Non-hosted short-stays are night-capped in some councils (e.g. 60 nights across most of Byron Shire, 180 in Ballina, Muswellbrook and parts of Greater Sydney) and levied in Victoria — the legal cap can cut achievable income well below this figure. Run STR Check for the rules on a specific address.
Bungendore NSW Investment Brief
BUY — 4.2% gross yield on a $1,065,000 median.
THE MARKET
Bungendore has compounded at 3.2%/yr over 5 years — a house that cost $909,811 in 2021 is worth $1,065,000 today. Properties are sitting on market for 82 days (buyers have negotiating room). At the same growth rate, today's median reaches $1,246,660 by 2031.
- Median house: $1,065,000 | Units: $641,500
- Gross yield: 4.2% | Net yield: 2.6%
- 5yr price CAGR: 3.2%/yr | 3yr forecast: 2.9%/yr
- Population: 4,745 | Owner-occupier rate: 85% | Affluence: Very High
- Supply pipeline: Moderate — Building approvals steady (~90/yr in 2025, 582 total across 5 yrs on record) — supply broadly tracking demand
RENTAL SNAPSHOT
- Vacancy: 3.0% (stable) | Rental demand: Moderate
- Median weekly rent: $850/wk | Days on market: 82 (worsening)
- Tenant market — vacancy elevated, negotiate hard on rent.
SHORT-TERM RENTAL
- Median nightly rate: $434/night | Occupancy: 40%
- Estimated annual STR gross: ~$63,437/yr
- vs long-term rent: $44,200/yr (+44% STR premium — factor in higher management costs)
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record.
- Transport: Standard suburban transport access
BULL CASE
If Bungendore maintains 3%+ annual growth and vacancy stays below 2.1%, median prices could reach $1,224,750 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Bungendore pull back 10-15% from $1,065,000, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.
KEY RISKS
- Distance from CBD may limit long-term capital growth potential
COMPARABLE MARKETS
- Warilla (NSW): $900,000 median, 3.9% yield, 3.3% 1yr growth
- Barrack Heights (NSW): $911,250 median, 4.0% yield, 9.3% 1yr growth
- Millbank (NSW): $794,709 median, 3.1% yield, 0.0% 1yr growth
THE PLAY
Bungendore presents a compelling investment opportunity. The combination of solid fundamentals and moderate rental demand supports entry at current price levels. Proceed with due diligence on specific properties. Target gross yields above 4.2% and prioritise properties with value-add potential. Consider timing entry around the current recovery phase of the market cycle.
- Entry range: $958,500 – $1,171,500
- Minimum gross yield to target: 4.5%
- Watch signal: vacancy dropping below 2% and days on market falling below 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
Gentrification Index
Growth Forecast
low confidenceBasis: 5yr CAGR 3.2% + 10yr CAGR 4.9%
- +Above-average population growth (2.0%/yr)
- −Slow market (82 days avg) — buyer hesitancy
- −High supply pipeline (582 new approvals) — may cap price growth
Suburb Metric Thresholds
Macro Environment
Macro Indicators
Cash Rate
4.6%
▲ 0.25%Cash rate as at 2026-09-30 · Credit data 2026-08
Suburb Supply & Demand
Suburb Supply Pipeline — New Dwelling Approvals
118
2020
115
2021
139
2022
120
2023
90
2025
New dwelling approvals — higher numbers mean more future supply
Socio-Economic Profile
Source: ABS Census 2021SEIFA Index · Postcode 2621
Decile 10 of 10 — Low disadvantage
Population
6,688
Education (IEO)
9/10
Econ. Resources (IER)
10/10
10-Year Investment Projection
Modelled on Bungendore NSW data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $850/wk median rent for Bungendore. Capital growth and rent increase are editable assumptions.
Schools
In your catchment
These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.
Analyse a Property in Bungendore
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.