If you compare the increase in value of investment property in Bundamba, 4304 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.94%.
The five-year average increase in median property values for Bundamba,4304 has given property investors a potential capital gain of 12.86% across each of those five years.
Property buyers and investors in Bundamba 4304 should be seeing an average reduction in asking price of around -6.74% . This means that Bundamba is holding prices well when compared to other suburbs in QLD.
In the last year 90 properties changed hands in Bundamba, which puts it as the 226th most active market in QLD when comparing the number of sales per suburb.
A $310 per week rent on the median house gives suburb investors a gross yield of circa 5.10%, without taking into account capital value appreciation, which has been averaging out at 1.13%.
Giving property investors a a solid capital gain of 18.36% for the last year, Bundamba, 4304 is the 71th highest performer in Australia in this respect.
A -27.98% growth in median value for property investors in Bundamba,4304 puts this suburb at number 23th in terms of best performing suburbs in QLD
Property investors should expect to get $295 weekly from the median priced house in this suburb.
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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%.