At number 2916th in the list of Australian suburbs ordered by increase in median house value over the last year, Bundamba, 4304 is in the BOTTOM 30% with a property value increase of -3.62% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Bundamba comes in at number 344th in QLD.
LACK OF BUYER INTEREST may well be the reason that Bundamba is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 104th in terms of most discounted suburbs in QLD
In the last year 95 properties changed hands in Bundamba, which puts it as the 233th most active market in QLD when comparing the number of sales per suburb.
Bundamba, 4304’s gross rental yield is 5.18%
QLD has seen average median house prices change by 0.65% which means that Bundamba, 4304 has done well for property investors by showing a capital gain of -48.28% over the last year
Comparing Bundamba,4304 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
The QLD suburb of Bundamba, 4304 is in the Ipswich (C) local government area.
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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%.