Suburb Profile Report for Mundubbera QLD (4626)

Mundubbera House: Median price $189,000, Annual capital growth 4.18%, Number of sales 18, Weekly median advertised rent $255

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Mundubbera is in the TOP 10% in QLD when comparing median price capital growth over the last year. Mundubbera gave property investors a very good capital gain figure when compared to the rest of the state, with 28.79%.

Over the longer term, Mundubbera has seen property prices show investors a 14.55% return over the last 3 years. This is an improvement over the last 12 months

Mundubbera, 4626’s gross rental yield is 7.02%

Information supplied by:


May 2017

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Arguably regarded as the “Citrus Capital of Queensland,” the suburb of Mundubbera sells more than just fruit – the local house market has been quite busy as well as of late. In the February 2017 quarter, prices skyrocketed by nearly 23%, continuing an ongoing streak of positive growth in recent years.Full summary

Fruit capital blooms
Median house price: $188,000
Three-year growth: 4.44%
Rental yield: 6.91%

Arguably regarded as the “Citrus Capital of Queensland,” the suburb of Mundubbera sells more than just fruit – the local house market has been quite busy as well as of late. In the February 2017 quarter, prices skyrocketed by nearly 23%, continuing an ongoing streak of positive growth in recent years.

Even with the hike, the median house price remains below $200,000. With the average rental yield being at almost 7%, this could be a great entry point for investors.

As its moniker suggests, Mundubbera is primarily an agriculture and forestry town. During the months of fruit harvest, the number of seasonal workers in the area can swell. Thus, the suburb has established a supermarket, bakery, library and newsagency. It is also home to primary and secondary schools.

Mundubbera is just a stone’s throw away from Burnett Highway, and sits right on the banks of the Burnett River.

Close
Metrics i HOUSE UNIT
$189,000 N/A
2.16% N/A
28.79% N/A
4.18% N/A
$255 N/A
18 N/A
7.02% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 1042
Median household income ($/weekly) 831
Median age of persons 41
Median housing loan repayment ($/monthly) 899
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 119 11.4
    25-34 years 137 13.1
    35-44 years 118 11.3
    45-54 years 134 12.9
    55-64 years 146 14.0
    Others 388 37.2
    Age Group
    Census Count Percent(%)
    Registered Married 335 43.8
    Not Married 322 42.1
    Defacto Relationship 107 14.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 840 85.6
    Lebanon 16 1.6
    Papua New Guinea 26 2.7
    United Kingdom 17 1.7
    Other 43 4.4
    Others 39 4.0
    Country of Birth
    Census Count Percent(%)
    Christianity 719 77.1
    No Religion 197 21.1
    Buddhism 8 0.9
    Islam 5 0.5
    Hinduism 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 62 16.1
    $600-$799 58 15.1
    $800-$999 42 10.9
    $1,000-$1,249 45 11.7
    $1,500-$1,999 44 11.5
    Others 133 34.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 329 41.9
    Not in the labour force 276 35.1
    Employed, worked part-time 111 14.1
    Employed, away from work 40 5.1
    Unemployed, looking for work 30 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 60 12.4
    Professionals 43 8.9
    Technicians & trades workers 54 11.2
    Machinery operators & drivers 57 11.8
    Labourers 148 30.7
    Others 120 24.9
    Occupation
    Census Count Percent(%)
    Pre-school 14 8.7
    Infants/Primary 82 50.9
    Secondary 41 25.5
    Technical or Further Educational Institution 12 7.5
    University or other Tertiary Institutions 8 5.0
    Others 4 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 808 83.7
    Semi-detached, row or terrace house, townhouse 55 5.7
    Caravan, cabin, houseboat 53 5.5
    Flat, unit or apartment 33 3.4
    House or flat attached to a shop, office 16 1.7
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 160 39.3
    Fully owned 151 37.1
    Being purchased 90 22.1
    Other tenure type 6 1.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals