Suburb Profile Report for Bundaberg West QLD (4670)

Bundaberg West House: Median price $262,000, Annual capital growth 2.71%, Number of sales 23, Weekly median advertised rent $278

Bundaberg West Unit: Median price $211,380, Annual capital growth 2.35%, Number of sales 12, 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 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%

Metrics i HOUSE UNIT
$262,000 $211,380
8.04% -0.06%
10.55% -28.95%
2.71% 2.35%
$278 $270
23 12
5.51% 6.64%
97.42 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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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