At number 3604th in the list of Australian suburbs ordered by increase in median house value over the last year, Mundubbera, 4626 is in the BOTTOM 20% with a property value increase of 4.00% recorded in median house prices.
Mundubbera,4626 was ranked 4553 in Australia by increase in median property value over the quarter.
On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.
Information supplied by:
Fruit capital blooms
Median house price: $188,000
Three-year growth: 4.44%
Rental yield: 6.91%
Arguably regarded as the “Citrus Capital of Queensland,” the suburb of Mundubbera sells more than just fruit – the local house market has been quite busy as well as of late. In the February 2017 quarter, prices skyrocketed by nearly 23%, continuing an ongoing streak of positive growth in recent years.
Even with the hike, the median house price remains below $200,000. With the average rental yield being at almost 7%, this could be a great entry point for investors.
As its moniker suggests, Mundubbera is primarily an agriculture and forestry town. During the months of fruit harvest, the number of seasonal workers in the area can swell. Thus, the suburb has established a supermarket, bakery, library and newsagency. It is also home to primary and secondary schools.
Mundubbera is just a stone’s throw away from Burnett Highway, and sits right on the banks of the Burnett River.