Who needs a road when you have a beach? Bangalee is a small beach side community consisting of just three streets just north of Yeppoon, which enjoys what is arguably the best beach on the Capricorn Coast, ideal for surfing, fishing and a Sunday drive.
To the north of Bangalee is Capricorn Resort, the local legend says that in the very early 70’s Japanese business man Iwasaki Sangyo flew over the whole east coast of Australia looking for the perfect location to build a $10 million international tourist resort. Iwasaki fell in love with Farnborough beach and was convinced that it was the best beach he had seen and perfect location for his resort and purchased 6480 hectares of coast land including four kilometres of beach front. Construction started in June 1979 and was completed in 1988. Upon approval of the resorts construction in the 70’s a tourism and real estate boom swept over the Capricorn Coast lasting over a decade.
Median house price is $341 000.
Median rental price is $450.00 Per week.
Average days on market is 147 days.
Population of 625.
5 year population change -1%
Average length of ownership 15.4 yrs.
(Source RP Data as of December 2018)