Bundaberg North

POSTAL CODE: QLD, 4670

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also 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 $575,000.

The upward trend in home prices in BUNDABERG NORTH, 4670 averaged 17.11% per annum over a 3-year period.

Average weekly rents on listings have reached the $600 mark, reflecting a 5.43% increase in returns based on the current median price in BUNDABERG NORTH.

An average of 9.25 real estate transactions take place per month in BUNDABERG NORTH which translates to 111 per annum.

111 properties were sold in BUNDABERG NORTH in 2016, making it the 942nd most active market in QLD based on total real estate transactions.

BUNDABERG NORTH, 4670 places 341st in Australia based on median property value growth during the quarter.

The suburb also 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 $390,000.

Average median unit prices in QLD have risen as a whole, pulling BUNDABERG NORTH, 4670 values up and netting property investors a capital gain of 3.31% for the past year.

Investors saw the median home price rise to $390,000.

The upward trend in home prices in BUNDABERG NORTH, 4670 averaged 10% per annum over a 3-year period.

BUNDABERG NORTH now ranks at the 371st 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 NORTH are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $420 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In BUNDABERG NORTH, homes and units usually stay on listing for an average of 80.2 days.

27 properties were sold in BUNDABERG NORTH in 2016, making it the 211th 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	$575,000	$390,000
Growth Report
Median Quarterly	4.31%	-3.47%
Median 12 month	15%	3.31%
Median 3 years	51.32%	30%
Median 5 years	131.62%	108.56%
10 years average annual	10.51%	6.94%
Weekly media advert. rent	$600	$420
Time on Market	35.7 days	80.2 days
Gross Rental Yield Percent	5.43%	5.6%

Demographics (Median Values)*

Total Population 5244

Weekly Household Income 633.6

Household Size 2.50

Average Age 42

Monthly Loan Repayment 870

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

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