Suburb Profile Report for Bundaberg North QLD (4670)

Bundaberg North House: Median price $208,000, Annual capital growth 0.66%, Number of sales 79, Weekly median advertised rent $280

Bundaberg North Unit: Median price $207,000, Annual capital growth -0.24%, Number of sales 19, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

HOUSE UNIT
$208,000 $207,000
0.48% N/A
-5.02% 2.99%
0.66% -0.24%
$280 $270
79 19
7.00% 6.78%
79.74 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 5483
Median household income ($/weekly) 736
Median age of persons 45
Median housing loan repayment ($/monthly) 1311
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 670 12.2
    25-34 years 535 9.8
    45-54 years 689 12.6
    55-64 years 666 12.1
    65-74 years 723 13.2
    Others 2201 40.1
    Age Group
    Census Count Percent(%)
    Registered Married 2012 50.5
    Not Married 1632 41.0
    Defacto Relationship 339 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4462 87.4
    Papua New Guinea 95 1.9
    Philippines 41 0.8
    United Kingdom 234 4.6
    Other 84 1.6
    Others 187 3.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 63 1.3
    Christianity 3725 76.0
    Islam 29 0.6
    Other Religious Groups 14 0.3
    No Religion 1064 21.7
    Others 5 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 235 12.5
    $400-$599 372 19.7
    $600-$799 266 14.1
    $800-$999 210 11.1
    $1,500-$1,999 164 8.7
    Others 640 33.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2168 51.5
    Employed, worked full-time 1110 26.3
    Employed, worked part-time 592 14.1
    Unemployed, looking for work 194 4.6
    Employed, away from work 149 3.5
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 303 16.4
    Community & personal service workers 234 12.6
    Clerical & administrative workers 228 12.3
    Sales 213 11.5
    Labourers 311 16.8
    Others 561 30.3
    Occupation
    Census Count Percent(%)
    Pre-school 57 5.9
    Infants/Primary 395 41.1
    Secondary 328 34.2
    Technical or Further Educational Institution 69 7.2
    University or other Tertiary Institutions 85 8.9
    Others 26 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4120 82.4
    Semi-detached, row or terrace house, townhouse 519 10.4
    Flat, unit or apartment 317 6.3
    Caravan, cabin, houseboat 33 0.7
    House or flat attached to a shop, office 13 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 929 45.4
    Rented 596 29.1
    Being purchased 490 24.0
    Other tenure type 30 1.5
    Tenure Type
Census 2011, ABS
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