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Moorabool Shire
Bungaree

Bungaree Property Market
& Suburb Profile

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MEDIAN PRICES IN BUNGAREE

Median house price

(all agencies, last 12 months)$565k*

House price change

(all agencies, last 12 months)-12.4%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

BUNGAREE PRICE TRACKER

Houses

BUNGAREE INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$486pw

House rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)4.32%

Bungaree total population size

(as at the last census)302

Median household size in Bungaree

(as at the last census)2.7

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

BUNGAREE PROPERTY TYPES

  • Houses 67%
  • Other 33%

OCCUPANCY IN BUNGAREE

  • Owned 75%
  • Rented 13%
  • Other/Not Stated 12%
  • Singles 22%
  • Families 75%
  • Other 0%

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ABOUT BUNGAREE

Bungaree is a historic rural township located approximately 15 kilometres east of Ballarat, set within the lush, rolling landscape of the Central Highlands. Its name is derived from a local Aboriginal word meaning "hut," and the area is renowned for its deep, fertile volcanic soils which have made it one of Victoria’s premier potato-growing districts for over a century.

The character of Bungaree is fundamentally tied to its Irish-Catholic heritage. Following the 19th-century gold rushes in nearby Ballarat, many Irish immigrants settled here to take up small farming selections. This cultural legacy remains a defining feature of the town, reflected in its historic architecture and long-standing community spirit. The township itself serves as a quiet hub for the surrounding farming community, centered around the local primary school, the general store, and the Bungaree Hotel.

The landscape is dominated by the volcanic peaks of Mount Warrenheip and Mount Buninyong to the south-west, which provide a dramatic backdrop to the emerald-green paddocks and red-soil fields. The area is characterised by high rainfall and a cool climate, creating a picturesque "patchwork" scenery of cropping land and grazing pastures. Despite being bypassed by the Western Highway in recent decades, Bungaree has retained a strong sense of identity, anchored by its local sports clubs - particularly the "Bungaree Demons" football and netball teams - which serve as the heartbeat of the social calendar.

Community life is centered on a peaceful, country lifestyle where the heritage of the land is preserved by multi-generational farming families. While it offers a secluded atmosphere, its proximity to both the amenities of Ballarat and the direct rail link to Melbourne makes it a unique pocket where traditional agriculture and modern rural living intersect.

Education

Bungaree Primary School
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BUNGAREE MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20260-no change0$0pw%
20252$565,000-12.40%2$486pw4.32%
20242$645,000-3.15%2$470pw4.35%
20233$666,00015.83%4$460pw4.08%
20222$575,00011.65%1$427pw3.59%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20260-no change
20252$565,000-12.40%
20242$645,000-3.15%
20233$666,000+15.83%
20222$575,000+11.65%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20260$0pw%
20252$486pw4.32%
20242$470pw4.35%
20234$460pw4.08%
20221$427pw3.59%

PROUDLY SERVICING Bungaree

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 December 2024 to 31 December 2025, last updated 31 December 2025.