All About Bingil Bay, Cassowary Coast, QLD, 4852

Bingil Bay, a charming locality on the Cassowary Coast of Queensland, offers a unique and tranquil living environment characterized by its lush natural surroundings and close-knit community feel. Nestled between tropical rainforests and stunning beachfront, the housing market in Bingil Bay is relatively modest compared to larger urban areas, making it an attractive option for those seeking a peaceful lifestyle away from the bustle of city life. Properties here often appeal to those who appreciate nature, with many homes surrounded by verdant landscapes and offering breathtaking views. While the area might not boast a vast array of modern amenities, its appeal lies in its tranquility and the sense of retreat it provides. The market can be quite competitive, reflecting the high demand for properties that offer a perfect blend of coastal and rainforest living.

Living in Bingil Bay is ideal for nature enthusiasts and those who relish a quieter, more laid-back lifestyle. Residents enjoy access to beautiful sandy beaches and are just a stone's throw from the Great Barrier Reef, making it a great spot for outdoor activities like hiking, snorkeling, and fishing. The community atmosphere is warm and welcoming, with a limited but cozy selection of local cafes and shops that contribute to the area's charm. Despite its smaller size, Bingil Bay offers a sense of belonging and connection through local events and community gatherings. The peaceful environment, coupled with the biodiversity of the surrounding areas, creates a perfect sanctuary for those looking to escape the more hectic pace of larger towns and cities.

Bingil Bay Real Estate Market Outlook

Thinking about buying in Bingil Bay? Now could not be a better time, with just 378 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $767,000 with prices in this suburb ranging from $118,000 to $1,664,000. Bingil Bay is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

In Bingil Bay 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 Bingil Bay 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 Bingil Bay 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. High density population in Bingil Bay requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Bingil Bay 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 Bingil Bay a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!