Suburb Profile Report for Bundaberg West QLD (4670)

Bundaberg West House: Median price $262,500, Annual capital growth 1.56%, Number of sales 20, Weekly median advertised rent $280

Bundaberg West Unit: Median price $207,380, Annual capital growth 1.21%, Number of sales 14, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Bundaberg West has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.70%

Over the longer term, Bundaberg West has seen property prices show investors a 5.42% return over the last 3 years. This is an improvement over the last 12 months

Bundaberg West, 4670 is offering QLD ‘s 210th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this QLD.

With the median price for a house in Bundaberg West being $262500 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.55%

Giving property investors a an unimpressive capital gain of -3.32% for the last year, Bundaberg West, 4670 is the 1323th highest performer in Australia in this respect.

Across a shorter period, Bundaberg West, 4670 has seen a median price increase of 4.15% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bundaberg West, 4670. Typically our figures indicate that -8.54% is being offered, which puts this QLD suburb at 143th most discounted overall in Australia.

Bundaberg West, 4670’s gross rental yield is 6.77%

Metrics i HOUSE UNIT
$262,500 $207,380
-0.38% 4.15%
11.70% -3.32%
1.56% 1.21%
$280 $270
20 14
5.55% 6.77%
75.89 135.09

Source: CoreLogic

DSR Score for property investment : Balanced (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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Recent sales & rentals