Over the last year, property investments in Bundaberg West, 4670 have given investors a capital gain of 10.55%. This compares very favourably with the 2.06% for QLD as a whole.
While Bundaberg West,4670 ranked number 42th in QLD for increase in median house value (annualised) increase, it is ranked 472th over the last 5 years.
Property investors looking for a bargain in Bundaberg West should be aiming for at least -9.44% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 23 properties changed hands in Bundaberg West, which puts it as the 669th most active market in QLD when comparing the number of sales per suburb.
Property investors should expect to get $277.5 weekly from the median priced house in this suburb.
Property value increases in Bundaberg West have tracked lower than the QLD average of 0.98% over the last 12 months.
Across a shorter period, Bundaberg West, 4670 has seen a median price increase of -0.06% over the last quarter.
On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.
With the median price for a house in Bundaberg West being $211380 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 6.64%