Bundamba is an average performer in QLD when comparing median price capital growth over the last year. Bundamba gave property investors a good capital gain figure when compared to the rest of the state, with 4.30%.
When looking at the potential capital gains offered to property investors over the last 3 years, Bundamba comes in at number 303th in QLD.
The most recent median price for Bundamba is $315500, with sellers offering an average of -6.17% off the asking price.
Residents and property investors in Bundamba have been waiting around 68.78 days to sell a property.
Bundamba, 4304’s gross rental yield is 5.40%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bundamba has fallen somewhat when compared to the 5 year average annual rate.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 6.81%, without taking into account capital value appreciation, which has been averaging out at 8.40%.
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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%.