This week we have the latest September Bundaberg Property Data for you.

Across the board, we’re seeing steady growth in property values, high demand for homes, and stable rental yields, making this an exciting time for buyers, sellers, and investors alike. Whether you're looking to enter the market or expand your portfolio, Bundaberg continues to deliver strong opportunities. Let's break down the trends.

The market is fast-moving, especially in affordable and popular suburbs, indicating strong buyer competition.

Steady Price Growth

Across all 28 suburbs, house prices have been increasing at a consistent rate of 1-2% month-on-month.

Consistent Price Increases: Many suburbs saw steady growth in house median values over the last two months (August to September 2024). Notable examples include:

* Coral Cove with a 2.5% increase in house median value.

* Walkervale and Norville with 2.2% increases.

* Innes Park, Moore Park Beach, and Thabeban also showed solid growth ranging from 1.8% to 2.0%.

* Ashfield saw a 1.3% increase from $645,688 in August to $653,802 in September.

* Avoca recorded a 2% rise from $531,235 in August to $541,767 in September.

Balanced Growth: Suburbs like Millbank and Branyan showed more moderate increases in house prices, but they were still consistent, indicating a balanced market with steady demand.

The market is experiencing steady growth, which reflects strong demand for housing, making it a seller's market in most suburbs. Buyers are likely competing for properties, driving up prices at a gradual pace.

Graph showing the change in the Median House Price of each Bundaberg Suburb from August 2024 to September 2024 (Click to enlarge)

Rental Market Stability

Rental prices and yields remain stable across most suburbs, with only minor fluctuations.

Ashfield maintained a rental yield around 5.2%, while Avenell Heights saw a minor increase in weekly rent from $520 to $525.

Avoca had a steady rental price of $550 per week with yields around 6%.

The stability in the rental market suggests a balanced supply and demand for rental properties. Investors are likely seeing consistent returns, and it indicates the large rent hikes we have seen in the last few years has stopped.

Graph showing the Rental Yield Comparison for each Bundaberg Suburb as of September 2024 (Click to enlarge)

Consistent Growth in Coastal Suburbs

Suburbs located near the coast, such as Bargara, Coral Cove, and Elliott Heads, have shown consistent price growth, likely driven by their appeal as lifestyle and coastal living destinations.

Bargara saw prices rise by 1.6%, while Coral Cove had a 1.7% increase from August to September.

Coastal areas continue to attract interest from buyers, likely due to the lifestyle advantages. These areas might also attract investors and second-home buyers, contributing to steady growth.

Graph showing the median home price growth of the coastal Bundaberg suburbs from August 2024 to September 2024 (Click to enlarge)

Strong Rental Yields in Mid-Range Suburbs

Suburbs with median prices between $450,000 and $550,000 tend to offer the best rental yields, averaging around 5.5% to 6%.

Bundaberg East maintained a 6.0% yield with a median price of $481,600.

Millbank and Norville also provided steady returns at 5.8% to 6%.

These mid-range suburbs offer a good balance for investors looking for steady price appreciation and solid rental returns, making them attractive for both long-term capital growth and rental income.

Slight Decrease in Rental Yields Despite Price Growth

Some suburbs are seeing slight decreases in rental yields, even though house prices are growing.

Ashfield saw its yield drop from 5.3% to 5.2% while prices rose.

Bundaberg Central experienced a similar decrease in yield despite a 17% year-on-year price increase.

As property prices increase, rental returns are not growing at the same rate, leading to slightly lower yields. Investors may see reduced profitability in these areas unless rent prices also rise proportionally.

Moderate Supply of New Listings

The number of new listings across most suburbs has remained consistent or slightly declined, signalling a moderate supply.

Avoca had 65 new listings in August and 63 in September.

Avenell Heights saw 77 listings in August and 72 in September.

The moderate supply of new listings may contribute to increased competition among buyers, further driving price growth. The limited supply combined with steady demand indicates a market favouring sellers.

High Rental Demand in Specific Suburbs

Suburbs like Thabeban, Svensson Heights, and Walkervale are experiencing high demand in the rental market, with rents increasing slightly and properties renting out quickly.

Thabeban rental prices remained steady.

Svensson Heights and Walkervale showed stable rental yields around 6%.

These suburbs are likely seeing high rental demand due to affordability and proximity to key amenities. Investors may find these areas attractive for long-term rental investments.

Buying Opportunities

Suburbs like Branyan, Bundaberg Central, and Gooburrum showed stable rental yields, providing opportunities for long-term investors looking for stable markets with consistent returns.

Key Takeaways for Investors

High-Growth Areas: Suburbs like Coral Cove, Walkervale, and Norville are performing well with strong house price increases, making them ideal for capital appreciation-focused investors.

Stable Investment Options: Millbank, Bundaberg Central, and Branyan offer stable markets with consistent rental yields, ideal for investors seeking predictable returns.

Opportunities in Unit Markets: Walkervale and Millbank stand out as high performers in the unit market, while Svensson Heights and Kalkie may present buying opportunities due to recent price drops.

Overall Market Conclusion

The Bundaberg region’s real estate market is characterised by steady growth, high demand, and stable rental yields. Price increases are consistent across most suburbs, particularly in coastal areas and mid-range suburbs, which offer good rental returns. The market is fast-moving, especially in affordable and popular suburbs, indicating strong buyer competition. The rental market is stable, providing solid yields for investors, though slight decreases in rental yields suggest that rent prices may need to rise to keep up with property value growth.

This combination of trends makes the Bundaberg region an attractive market for both homebuyers and investors alike.

Download the complete list of all Bundaberg Suburbs Statistics Here