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.
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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%.