Migration cut plans set to impact property market
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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 $232,500.
The upward trend in home prices in BUNDABERG NORTH, 4670 averaged 1.11% per annum over a 3-year period.
Average weekly rents on listings have reached the $285 mark, reflecting a 6.37% increase in returns based on the current median price in BUNDABERG NORTH.
An average of 4.33 real estate transactions take place per month in BUNDABERG NORTH which translates to 52 per annum.
52 properties were sold in BUNDABERG NORTH in 2016, making it the 210th most active market in QLD based on total real estate transactions.
BUNDABERG NORTH, 4670 places 550th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $232,500 | $207,450 |
| GROWTH REPORT | ||
| Median Quarterly | -1.06% | 9.21% |
| Median 12 month | 10.71% | -1.91% |
| Median 3 years | 3.33% | 18.54% |
| Median 5 years | 7.14% | -16.01% |
| 10 years average annual | -0.53% | -1.08% |
| Weekly media advert. rent | $285 | $270 |
| Time on Market | 116.7 days | 0.0 days |
| Gross Rental Yield Percent | 6.37% | 6.77% |
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