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All About Bancroft, North Burnett, QLD, 4630

Bancroft, situated in the North Burnett region of Queensland, offers a unique and somewhat tranquil housing market. The area is characterized by rural charm, with properties often nestled among lush landscapes and expansive farmland. The housing market in Bancroft tends to be more affordable compared to urban centers, with a variety of options ranging from quaint cottages to larger family homes. The demand usually aligns with people looking for a serene lifestyle, possibly retirees or those seeking a slower pace of life away from bustling city environments. Due to its rural nature, the market doesn't experience the rapid fluctuations seen in metropolitan areas, providing a sense of stability for potential homeowners.

Living in Bancroft offers a peaceful lifestyle with a strong sense of community. Residents enjoy the picturesque countryside and the simplicity of rural life, where community events and local markets play a significant role in the social fabric. Despite its rural setting, Bancroft provides essential services and amenities, with larger towns within the North Burnett region accessible for more comprehensive needs. Outdoor enthusiasts would find the area appealing with opportunities for hiking, fishing, and exploring the scenic Burnett River or nearby national parks. The friendly atmosphere and slower pace make Bancroft an ideal location for those looking to escape the hustle and bustle, offering a blend of tranquility and community spirit.

Household Makeup

Median Weekly Rent $150.00
Median Monthly Mortgage $1550.00
Median Persons Per bed houseroom 0.80
Average Household Size 3.00
Average Age 43.00
Average Income $565.00
Average Cars Per Dwelling 2.82
Average Properties Within 50M 1
Typical 1 bed house$789,000
Typical 2 bed house$521,000
Typical 3 bed house

Housing Stock

Local Internet Speeds

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Bancroft Real Estate Market Outlook

Thinking about buying in Bancroft? Now could not be a better time, with just 129 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,094,000 with prices in this suburb ranging from $517,000 to $2,545,000. The aproximate distance to the coast is 72 Km.

In Bancroft there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Bancroft is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Bancroft changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Bancroft necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Bancroft we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Bancroft a better buying opportunity than it may have been in the past.

Instant Property Valuation

Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Bancroft there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Bancroft weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan2.819.734.037.289.03.124.3
Feb3.119.733.438.889.13.123.3
Mar2.018.431.841.592.42.720.3
Apr0.814.129.038.893.22.418.6
May0.69.326.036.092.32.315.6
Jun0.77.523.737.992.32.413.7
Jul0.26.724.134.590.82.315.2
Aug0.86.425.128.887.82.417.3
Sept0.79.428.427.289.92.721
Oct1.212.830.529.190.33.025
Nov0.416.133.727.688.73.026.7
Dec3.418.633.336.188.03.127.2

source: Australian Government Bureau of Meteorology





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