What rent, values look like under Labor: New modelling
An updated modelling of the Labor government’s proposed changes to negative gearing has found that yields are likely to go up while prices...
BUNDABERG EAST, 4670 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $254,000.
Profits due to an upward trend in home prices in the suburb averaged 1.05% per annum over a 3-year period.
BUNDABERG EAST now ranks at the 334th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BUNDABERG EAST are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $300 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BUNDABERG EAST, homes and units usually stay on listing for an average of 86.4 days.
In 2016, 35 properties were sold in BUNDABERG EAST during the past year, making it the 347th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $254,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.79% | N/A |
| Median 12 month | -2.31% | N/A |
| Median 3 years | 3.15% | N/A |
| Median 5 years | -8.63% | N/A |
| 10 years average annual | -0.92% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 86.4 days | N/A |
| Gross Rental Yield Percent | 6.14% | N/A |
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