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Bundaberg West
AREA REPORTS

Bundaberg West

Bundaberg West - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4670

house
unit

Property investors have seen a 10.07% gain in BUNDABERG WEST based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on BUNDABERG WEST, 4670 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 21.9%.

Based on its average 5-year and quarterly capital gains BUNDABERG WEST, 4670 saw average growth in the long term.

The QLD 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 $295,000

Profits averaged 5% per annum over a 3-year period, due to an upward trend in home prices in BUNDABERG WEST, 4670.

This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.

The gross rental yield in BUNDABERG WEST, 4670 is 6.17%.

An average of 5.58 real estate transactions take place per month in BUNDABERG WEST which translates to 67 per annum.

Data report can be found below

Bundaberg West
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $295,000 $237,500
GROWTH REPORT
Median Quarterly 10.07% -3.46%
Median 12 month 21.9% 15.01%
Median 3 years 15.01% 4.4%
Median 5 years 11.95% 12.36%
10 years average annual 3.05% 0.13%
Weekly media advert. rent $350 $280
Time on Market 48.9 days 103.4 days
Gross Rental Yield Percent 6.17% 6.13%
demographics (median values)*
Total Population
2657
Weekly Household Income
566.7
Household Size
2.10
Age
41
Monthly Loan Repayment
758
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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