Bundaberg East

POSTAL CODE: QLD, 4670

HOUSE

BUNDABERG EAST, 4670 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling BUNDABERG EAST, 4670 values up and netting property investors a capital gain of 8.8% for the past year.

Investors saw the median home price rise to $587,500.

Profits due to an upward trend in home prices in the suburb averaged 18.68% per annum over a 3-year period.

BUNDABERG EAST now ranks at the 712th 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $600 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 32.1 days.

In 2016, 60 properties were sold in BUNDABERG EAST during the past year, making it the 208th most active market in QLD based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$587,500	N/A
Growth Report
Median Quarterly	0.43%	N/A
Median 12 month	8.8%	N/A
Median 3 years	56.04%	N/A
Median 5 years	91.06%	N/A
10 years average annual	8.82%	N/A
Weekly media advert. rent	$600	N/A
Time on Market	32.1 days	N/A
Gross Rental Yield Percent	5.31%	N/A

Demographics (Median Values)*

Total Population 2566

Weekly Household Income 730.9

Household Size 2.50

Average Age 38

Monthly Loan Repayment 975

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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