CAIRNS SUBURB GUIDE
Bungalow
An inner Cairns suburb beside the CBD where affordable housing, a busy unit market, and light industry sit side by side.
Median house price
12-mo growth
Median days on market
Median rent (house)
Gross yield (house)
Houses sold (12 mo)
Source: realestate.com.au suburb profile, 12 months to May 2026. Figures are suburb-wide; your specific property may differ.
Bungalow is an inner suburb on the southern edge of the Cairns CBD, a mixed pocket where residential streets share the postcode with light industrial and commercial land towards Portsmith. The house market is smaller than its neighbours and sits at the affordable end of the inner-city range, which has driven strong recent growth. The median house sale price is $692,500, up 21.5% over the past 12 months (realestate.com.au, to May 2026).
What defines Bungalow
Bungalow sits directly south of the Cairns CBD and is one of the city's genuinely mixed suburbs. Alongside its residential streets are light industrial and commercial sites that run towards Portsmith and the inlet, which means the suburb has a working, central character rather than a purely residential one. The trade-off for buyers is location: you are minutes from the city centre, the Cairns Central precinct, and main arterial roads.
Homes, units & price ranges
Houses are the smaller part of the local market and tend to be older, modest dwellings on compact blocks. Recent recorded sales show the shape of it: a 3-bed with six-car accommodation on Buchan Street reached $970,000, a renovated 3-bed on Mccoombe Street $635,000, and the recorded 12-month top sale hit $3.3M. The apartment clusters do the volume: the Spence Street complexes span $267K one-bedders to a $570,000 three-bedroom, and the Winkworth Street complexes trade at $423K to $463K. The recorded medians for the 12 months to July 2026 were $690,000 for a 3-bed house and $366,500 for units.
A strong unit and rental market
Bungalow has an active unit and apartment segment that is larger than its house market, with 43 units sold over the profile year at a median around $365,000 and a gross yield near 6.9% (realestate.com.au, to May 2026). For investors chasing yield close to the CBD, the unit stock is often where the numbers work hardest. Houses rent at a median $600/wk for a 4.4% gross yield.
The Bungalow market
realestate.com.au recorded 62 Bungalow sales in the 12 months to July 2026, about 1.2 a week, with a recorded-sales median of $527,500 across all property types. The house segment is thin (25 sales in the profile year) but moves at a healthy 28-day median. The smaller sample size means individual sales can swing the median, so a local appraisal matters more here than in a high-volume suburb. Always verify current data before any pricing decision.
Recent Bungalow sales
| Address | Sold | Property | Date |
|---|---|---|---|
| 204 Buchan Street | $970,000 | 3 bed, 6-car | Nov 2025 |
| 237 Mccoombe Street | $635,000 | 3 bed, renovated | May 2026 |
| 24/164-172 Spence Street | $570,000 | 3 bed unit | May 2026 |
| 36/164-172 Spence Street | $525,000 | 2 bed apartment | Feb 2026 |
| 4/16-18 Winkworth Street | $463,500 | 2 bed unit | Aug 2025 |
| 16/2-8 Winkworth Street | $423,000 | 2 bed unit | Jan 2026 |
| 2/8 Bell Street | $320,000 | 2 bed unit | Sep 2025 |
| 4/217-219 Spence Street | $300,000 | 1 bed unit | Jan 2026 |
Recorded sales from realestate.com.au public sold results, 12 months to July 2026, all sold by TS Property Group, Alexie's agency (11 of the suburb's 62 recorded sales in that period; the Spence Street apartment and one Winkworth Street unit sold by Alexie personally). Prices are the published sold figures.
What buyers love
Inner-city location minutes from the Cairns CBD and Cairns Central
Affordable entry point compared with surrounding inner suburbs
Strong 21.5% house price growth over 12 months
Active unit market with yields near 6.9% for investors
Fast-moving at 28 days median on market for houses
Things to consider
Mixed industrial and commercial land use is not for every buyer
Small house market means fewer comparable sales and a more volatile median
Frequently asked questions
What is the median house price in Bungalow?
The median house sale price in Bungalow is $692,500 as at May 2026, up 21.5% over the prior 12 months (realestate.com.au). The house market is small, so individual sales can move the median. Get a local appraisal for a property-specific figure.
Which Bungalow pockets stand out?
On recent recorded sales, the house streets like Buchan Street ($970,000 for a 3-bed with six-car accommodation) and Mccoombe Street ($635,000 renovated) lead the detached market, while the Spence Street and Winkworth Street apartment complexes carry most of the turnover between roughly $267K and $570K.
Is Bungalow residential or industrial?
It is both. Bungalow shares its postcode between residential streets and light industrial and commercial land towards Portsmith. Many homes sit in genuinely residential pockets, but the suburb as a whole has a mixed, central-city character.
Is Bungalow good for investors?
The unit market is the standout, with around 43 units sold in the past year at roughly 6.9% gross yield (realestate.com.au, to May 2026). Houses return a 4.4% yield at $600/wk. As always, do your own due diligence and get a rental appraisal for the specific property.
Thinking of selling?
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Selling resources
Nearby suburb guides
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What's My Home Worth?By Alexie Aristides, Your Cairns Selling Specialist