All About Bonang, East Gippsland, VIC, 3888
Bonang, located in East Gippsland, Victoria, is a small and serene township that offers a peaceful lifestyle amidst breathtaking natural beauty. The housing market in Bonang is relatively modest compared to more urbanized areas, characterized by a limited but steady demand due to its remote location and small population. Properties in Bonang often consist of quaint, rural homes or expansive blocks of land, making it an attractive choice for those seeking solitude or an off-the-grid lifestyle. The affordability of real estate in this region is appealing to buyers looking for a quiet retreat or a secondary residence surrounded by nature.
Living in Bonang provides a unique opportunity to connect with nature, as the area is enveloped by lush forests and close to stunning conservation areas like Errinundra National Park. The community here is tight-knit, with a slower pace of life that allows residents to enjoy the natural surroundings and outdoor activities such as hiking, fishing, and bird-watching. While amenities are limited due to its isolated setting, the nearest towns offer basic services and essentials. For those who value tranquility and a break from the hustle and bustle of city living, Bonang presents an idyllic escape immersed in the picturesque landscape of East Gippsland.
Household Makeup
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Housing Stock
Local Internet Speeds
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Bonang Real Estate Market Outlook
Thinking about buying in Bonang? Now could not be a better time, with just 146 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $277,000 with prices in this suburb ranging from $22,000 to $521,000. The aproximate distance to the coast is 54 Km.
Consistent high demand relative to supply is a key feature in Bonang driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Bonang due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Bonang 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Bonang the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationProperties for sale Bonang
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249 Bonang Road, Bonang, VIC, 3888 |  3 |
 1 |
$230,000 |
Local Schools
None within suburb boundary
(While the above schools are located with the suburb of Bonang there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Bonang 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 | |
|---|---|---|---|---|---|---|---|
| Jan | 1.7 | 12.2 | 24.8 | 42.2 | 88.1 | 3.6 | 22.4 |
| Feb | 2.8 | 11.8 | 23.4 | 47.3 | 91.1 | 3.6 | 19.0 |
| Mar | 2.7 | 10.3 | 20.6 | 51.2 | 90.2 | 3.5 | 15.4 |
| Apr | 1.9 | 7.7 | 17.0 | 54.3 | 92.4 | 3.3 | 12.3 |
| May | 1.7 | 4.9 | 13.0 | 58.8 | 93.1 | 3.8 | 9.4 |
| Jun | 2.5 | 3 | 10.2 | 61.6 | 92.5 | 3.7 | 8.1 |
| Jul | 1.9 | 2.7 | 10.2 | 57.5 | 90.7 | 4.2 | 8.4 |
| Aug | 1.8 | 2.7 | 10.8 | 53.9 | 90.6 | 4.2 | 10.7 |
| Sept | 1.9 | 4.5 | 14.3 | 47.1 | 91.6 | 4.3 | 15.1 |
| Oct | 2.9 | 6.5 | 17.0 | 49.0 | 91.3 | 3.9 | 19.3 |
| Nov | 2.7 | 8.5 | 19.4 | 49.4 | 91.3 | 3.6 | 21.3 |
| Dec | 2.8 | 10.1 | 22.2 | 47.4 | 93.0 | 3.6 | 24.6 |
source: Australian Government Bureau of Meteorology
Nearby Suburbs
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