Bundamba, 4304 ranked 776th in QLD when comparing growth in median property values or capital gain over the last 12 months. Bundamba is one of 2415 in our list for QLD
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bundamba has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Bundamba should be aiming for at least -5.35% off the asking price, which is the average vendor discount being achieved at the moment.
Giving property investors a a poor capital gain of -17.25% for the last year, Bundamba, 4304 is the 1415th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Bundamba comes in at number 280th in QLD.
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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%.