Over the last year, property investments in Bundamba, 4304 have given investors a capital gain of 1.61%. This compares averagely with the 1.35% for QLD as a whole.
If we look at median property appreciation over just the last three months, Bundamba has given property investors a paper return of -0.79%. This puts Suburb as 544 on a list of fastest fasting appreciating suburbs in QLD
Property investors looking for a bargain in Bundamba should be aiming for at least -6.73% off the asking price, which is the average vendor discount being achieved at the moment.
Giving property investors a a solid capital gain of 15.48% for the last year, Bundamba, 4304 is the 125th highest performer in Australia in this respect.
Comparing Bundamba,4304 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
With the median price for a house in Bundamba being $210750 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 7.28%
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Unit prices skyrocket in three months
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%.