Suburb Profile Report for Bundaberg West QLD (4670)

Bundaberg West House: Median price $242,500, Annual capital growth 1.13%, Number of sales 23, Weekly median advertised rent $280

Bundaberg West Unit: Median price $211,500, Annual capital growth 1.44%, Number of sales 14, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3846th in the list of Australian suburbs ordered by increase in median house value over the last year, Bundaberg West, 4670 is in the BOTTOM 10% with a property value increase of -10.85% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bundaberg West has increased when compared to the 5 year average annual rate.

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 West itself are offering an average vendor discount of -8.25% to real estate investors.

Often selling an investment property can take time, and in Bundaberg West the average time real estate has been on the market is 100.69 days.

The QLD suburb of Bundaberg West, 4670 is in the Bundaberg local government area.

Property value increases in Bundaberg West have tracked lower than the QLD average of 0.77% over the last 12 months.

The five-year average increase in median property values for Bundaberg West,4670 has given property investors a potential capital gain of -2.76% across each of those five years.

Advertised rents are around the $265 mark per week – giving a return of 6.52% based on the median price in Suburb

HOUSE UNIT
$242,500 $211,500
3.19% -1.63%
-10.85% -19.12%
1.13% 1.44%
$280 $265
23 14
6.00% 6.52%
100.69 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2530
Median household income ($/weekly) 646
Median age of persons 40
Median housing loan repayment ($/monthly) 1300
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 252 10.0
    25-34 years 328 13.0
    35-44 years 303 12.0
    45-54 years 316 12.5
    55-64 years 324 12.8
    Others 1007 39.8
    Age Group
    Census Count Percent(%)
    Not Married 1038 55.3
    Registered Married 638 34.0
    Defacto Relationship 202 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1960 83.1
    Papua New Guinea 58 2.5
    Philippines 27 1.1
    United Kingdom 84 3.6
    Other 57 2.4
    Others 172 7.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 56 2.5
    Christianity 1561 69.7
    Hinduism 23 1.0
    Islam 29 1.3
    No Religion 552 24.7
    Others 18 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 175 17.1
    $400-$599 188 18.4
    $600-$799 123 12.0
    $800-$999 94 9.2
    $1,000-$1,249 84 8.2
    Others 360 35.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 916 46.2
    Employed, worked full-time 523 26.4
    Employed, worked part-time 311 15.7
    Unemployed, looking for work 159 8.0
    Employed, away from work 73 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 190 20.9
    Technicians & trades workers 120 13.2
    Community & personal service workers 97 10.7
    Clerical & administrative workers 102 11.2
    Labourers 144 15.8
    Others 257 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 26 5.8
    Infants/Primary 159 35.5
    Secondary 125 27.9
    Technical or Further Educational Institution 58 12.9
    University or other Tertiary Institutions 65 14.5
    Others 15 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1373 59.1
    Flat, unit or apartment 560 24.1
    Semi-detached, row or terrace house, townhouse 321 13.8
    Caravan, cabin, houseboat 43 1.9
    House or flat attached to a shop, office 25 1.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 690 63.5
    Fully owned 222 20.4
    Being purchased 169 15.6
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
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