Suburb Profile Report for Bundamba QLD (4304)

Bundamba House: Median price $310,000, Annual capital growth 1.02%, Number of sales 87, Weekly median advertised rent $310

Bundamba Unit: Median price $170,000, Annual capital growth -2.58%, Number of sales 20, Weekly median advertised rent $290

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Bundamba has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -1.74% to date .

If we look at median property appreciation over just the last three months, Bundamba has given property investors a paper return of 0.00%. This puts Suburb as 470 on a list of fastest fasting appreciating suburbs in QLD

Bundamba, 4304 is offering QLD ‘s 107th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.

A $310 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 1.02%.

QLD has seen average median house prices change by -0.33% which means that Bundamba, 4304 has not done well for property investors by showing a capital gain of -26.72% over the last year

Over the longer term, Bundamba has seen property prices show investors a -43.93% return over the last 3 years. This is an improvement over the last 12 months

Situated 26.47km from the CBD, Bundamba is one of Ipswich (C) localities in the postcode 4304.

Information supplied by:


April 2019

M
O

W
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Unit prices skyrocket in three months

Postcode: 4304

Median unit price: $229,000

Three-year growth: -25.4%

Rental yield: 6.8%

Bundamba is a large mixed-use suburb in the Ipswich region. It extends from the Bremer River to the Cunningham Highway.

The suburb has both industrial and residential pockets. Bundamba State Secondary College was established here in 1873 as Bundamba State School, with the Bremer Institute of TAFE making its home here as well. There are several recreational facilities for residents to enjoy, including a bowling and roller skating centre, a public pool, two parks and a racecourse. Trains passing through the railway station bring commuters to Brisbane, the Ipswich CBD and Rosewood.

While the Bundamba unit market has spent recent years being down, it recorded a sudden burst of growth over the January 2019 quarter. While the suburb’s ability to sustain this boost remains to be seen, it offers investors very high yields of almost 7%.

Metrics i HOUSE UNIT
$310,000 $170,000
0.00% 142.86%
-1.74% -26.72%
1.02% -2.58%
$310 $290
87 20
5.20% 8.87%
77.375 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 5402
Median household income ($/weekly) 1060
Median age of persons 35
Median housing loan repayment ($/monthly) 1517
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 736 13.6
    25-34 years 712 13.2
    35-44 years 756 14.0
    45-54 years 705 13.0
    55-64 years 673 12.5
    Others 1821 33.7
    Age Group
    Census Count Percent(%)
    Not Married 1779 45.4
    Registered Married 1682 42.9
    Defacto Relationship 456 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 4384 85.8
    Papua New Guinea 190 3.7
    Philippines 30 0.6
    United Kingdom 199 3.9
    Other 130 2.5
    Others 174 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 66 1.4
    Christianity 3511 72.7
    Islam 20 0.4
    Other Religious Groups 23 0.5
    No Religion 1206 25.0
    Others 5 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 217 12.5
    $600-$799 185 10.7
    $800-$999 195 11.2
    $1,000-$1,249 184 10.6
    $1,500-$1,999 232 13.4
    Others 724 41.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1535 38.0
    Employed, worked full-time 1470 36.4
    Employed, worked part-time 660 16.3
    Unemployed, looking for work 219 5.4
    Employed, away from work 160 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 276 12.1
    Technicians & trades workers 379 16.6
    Community & personal service workers 250 10.9
    Clerical & administrative workers 347 15.2
    Labourers 352 15.4
    Others 683 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 63 5.7
    Infants/Primary 453 40.7
    Secondary 300 27.0
    Technical or Further Educational Institution 106 9.5
    University or other Tertiary Institutions 156 14.0
    Others 35 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4879 95.7
    Flat, unit or apartment 131 2.6
    Semi-detached, row or terrace house, townhouse 60 1.2
    Improvised home, tent, sleepers out 15 0.3
    Caravan, cabin, houseboat 14 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 666 35.4
    Being purchased 651 34.6
    Fully owned 557 29.6
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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