Bundaberg West

POSTAL CODE: QLD, 4670

HOUSE

UNIT

Property investors have seen a 7.74% 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 12.18%.

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 $571,000

Profits averaged 18.33% 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 $482.5 based on current median home prices for the suburb.

The gross rental yield in BUNDABERG WEST, 4670 is 4.39%.

An average of 2.67 real estate transactions take place per month in BUNDABERG WEST which translates to 32 per annum.

Property investments in BUNDABERG WEST fare well against the rest of the country last year, registering a median home price increase of 22.37%.

Figures from the previous quarter show that capital gains for real estate buyers in BUNDABERG WEST are low, as opposed to average gains per annum over the past five years.

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

This means, real estate investors could earn a rental income of $400 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 WEST, homes and units usually stay on listing for an average of N/A.

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 $465,000

Investors saw the median home price rise to $465,000.

BUNDABERG WEST ranks 184th on the list of best yielding suburbs for rental properties in QLD, posting a 4.47% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$571,000	$465,000
Growth Report
Median Quarterly	7.74%	3.33%
Median 12 month	12.18%	22.37%
Median 3 years	55.37%	72.22%
Median 5 years	135.95%	126.83%
10 years average annual	10.03%	6.33%
Weekly media advert. rent	$483	$400
Time on Market	31.2 days	N/A
Gross Rental Yield Percent	4.39%	4.47%

Demographics (Median Values)*

Total Population 2657

Weekly Household Income 566.7

Household Size 2.10

Average 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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