Over the last year, property investments in Bundaberg North, 4670 have given investors a capital gain of -5.02%. This compares badly with the 2.06% for QLD as a whole.
Across a shorter period, Bundaberg North, 4670 has seen a median price increase of 0.48% over the last quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Bundaberg North itself are offering an average vendor discount of -7.48% to real estate investors.
At number 1805 in a list of fastest selling suburbs, Bundaberg North is just in the top half of suburbs in Australia with an average of days on market 79.74 for properties listed there.
Bundaberg North is an average performer in QLD when comparing median price capital growth over the last year. Bundaberg North gave property investors a good capital gain figure when compared to the rest of the state, with 2.99%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bundaberg North has fallen somewhat when compared to the 5 year average annual rate.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 6.78%, without taking into account capital value appreciation, which has been averaging out at -0.24%.