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 and price ranges
Houses are the smaller part of the local market and tend to be older, modest dwellings on compact blocks. Two and three-bedroom homes make up most of the house sales, with three-bedroom houses around $692,500 (realestate.com.au, to May 2026). The median house price is $692,500, up 21.5% over the prior 12 months. That growth partly reflects a low starting base and the broader Cairns lift, so read the percentage alongside the dollar figure rather than on its own.
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 past 12 months 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
With 25 houses sold in the past 12 months and a median of 28 days on market (realestate.com.au, to May 2026), the house segment is thin but moving at a healthy pace. 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.
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.
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 in Bungalow?
Get an honest, no-obligation appraisal from a specialist who knows this suburb inside-out.
What's My Home Worth?By Alexie Aristides , Your Cairns Selling Specialist