Suburb Profile Report for Bundaberg West QLD (4670)

Bundaberg West House: Median price $220,000, Annual capital growth -0.21%, Number of sales 34, Weekly median advertised rent $300

Bundaberg West Unit: Median price $250,000, Annual capital growth 1.71%, Number of sales 10, Weekly median advertised rent $260

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Bundaberg West, 4670 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -18.52%

A -25.80% growth in median value for property investors in Bundaberg West,4670 puts this suburb at number 742th in terms of best performing suburbs in QLD

Sellers are offering property buyers an average discount of -9.33% to buyers in Bundaberg West at the moment, which is less than average for the rest of QLD.

Situated 296.55km from the CBD, Bundaberg West is one of Bundaberg (R) localities in the postcode 4670.

Investment property in Bundaberg West has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.94%

If we look at median property appreciation over just the last three months, Bundaberg West has given property investors a paper return of 11.36%. This puts Suburb as 18 on a list of fastest fasting appreciating suburbs in QLD

A $260 per week rent on the median house gives suburb investors a gross yield of circa 5.41%, without taking into account capital value appreciation, which has been averaging out at 1.71%.

Metrics i HOUSE UNIT
$220,000 $250,000
-2.22% 11.36%
-18.52% 14.94%
-0.21% 1.71%
$300 $260
34 10
7.09% 5.41%
106.590909090909 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2530
Median household income ($/weekly) 646
Median age of persons 40
Median housing loan repayment ($/monthly) 1300
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 252 10.0
    25-34 years 328 13.0
    35-44 years 303 12.0
    45-54 years 316 12.5
    55-64 years 324 12.8
    Others 1007 39.8
    Age Group
    Census Count Percent(%)
    Not Married 1038 55.3
    Registered Married 638 34.0
    Defacto Relationship 202 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1960 83.1
    Papua New Guinea 58 2.5
    Philippines 27 1.1
    United Kingdom 84 3.6
    Other 57 2.4
    Others 172 7.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 56 2.5
    Christianity 1561 69.7
    Hinduism 23 1.0
    Islam 29 1.3
    No Religion 552 24.7
    Others 18 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 175 17.1
    $400-$599 188 18.4
    $600-$799 123 12.0
    $800-$999 94 9.2
    $1,000-$1,249 84 8.2
    Others 360 35.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 916 46.2
    Employed, worked full-time 523 26.4
    Employed, worked part-time 311 15.7
    Unemployed, looking for work 159 8.0
    Employed, away from work 73 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 190 20.9
    Technicians & trades workers 120 13.2
    Community & personal service workers 97 10.7
    Clerical & administrative workers 102 11.2
    Labourers 144 15.8
    Others 257 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 26 5.8
    Infants/Primary 159 35.5
    Secondary 125 27.9
    Technical or Further Educational Institution 58 12.9
    University or other Tertiary Institutions 65 14.5
    Others 15 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1373 59.1
    Flat, unit or apartment 560 24.1
    Semi-detached, row or terrace house, townhouse 321 13.8
    Caravan, cabin, houseboat 43 1.9
    House or flat attached to a shop, office 25 1.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 690 63.5
    Fully owned 222 20.4
    Being purchased 169 15.6
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
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