14-18 SECOND AVENUE, BONGAREE, QLD 4507
Vacant half acre development sites are virtually non-existent on Bribie Island, so this represents a unique opportunity for the construction of a multi-residential unit block, commercial development or a mixture thereof on this flexible property in the heart of Bongaree.
Demand is high for short term accommodation, with limited options available for the thousands of tourists that flock to this beautiful Island. Alternatively, build commercial premises on ground level and residential units with water views above and diversify your investment to appeal to a wider audience.
Preliminary plans for 43 units including retail outlets have been completed by the owner and his architects for a perfect example of local demand and position on the available allotments.
The site consists of 1,986m2 spread over 3 lots;
- Lot 1 = 746m2
- Lot 2 = 615m2
- Lot 3 = 625m2
For further information on this fantastic investment opportunity, please contact Roy Freeth @realty Bribie Island & Surrounds.
The size of Bongaree is approximately 6.9 square kilometres. It has 17 parks covering nearly 34.8% of total area. The population of Bongaree in 2016 was 6947 people. By 2021 the population was 8162 showing a population growth of 17.5% in the area during that time. The predominant age group in Bongaree is 70-79 years. Households in Bongaree are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bongaree work in a community and personal service occupation.In 2021, 69.40% of the homes in Bongaree were owner-occupied compared with 64.00% in 2016.
Bongaree has 4,840 properties. Over the last 5 years, Houses in Bongaree have seen a 96.97% increase in median value, while Units have seen a 99.63% increase. As at 31 January 2026:
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