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Bundaberg remains an attractive location for property investors, homebuyers, and sellers, given its relatively stable property market and strong rental yields. Various suburbs within Bundaberg offer diverse investment opportunities based on their unique market characteristics.
HOUSE PRICE TRENDS
Bargara: This coastal suburb is the most expensive among the Bundaberg suburbs, with a median house price of $798,000, showing consistent growth over the past year.
Branyan: Another popular suburb, with its median house value reaching $716,000 in October 2024.
Ashfield: A more moderately priced suburb with a median house value of $654,000.
Bundaberg Central: More affordable, with a median house price of $416,000, appealing to first-time homebuyers or budget-conscious investors.
UNIT PRICE TRENDS
Bargara again tops the list with units priced at $651,000.
Bundaberg Central units are relatively more affordable at $386,000, showing gradual growth over the year.
Avoca offers mid-range unit options at $385,000.
RENTAL MARKET ANALYSIS
The rental market in Bundaberg is strong, with suburbs like Bundaberg North and Bundaberg South offering some of the best yields:
Bundaberg North has a rental yield of 6.2% for houses and 6.3% for units.
Bundaberg South also shows robust yields at 6.2% for houses and 6.0% for units.
Bargara has slightly lower yields, around 4.3% for houses, but still appeals due to its coastal lifestyle and high property values.
RENTAL RATES AND GROWTH
Bundaberg North and Branyan have shown substantial rental growth, with changes in rental rates of 17.8% and 14.8% respectively over the past year.
Ashfield and Bargara also experienced moderate increases in rent, making them attractive for investors focused on rental income.
MARKET ACTIVITY - LISTINGS
Bargara has the highest market activity with 204 new house listings in October 2024, reflecting strong demand in this popular suburb.
Bundaberg North and Branyan follow, each with over 88 new listings, indicating vibrant market dynamics.
On the lower end, Bundaberg Central had only 5 new house listings, suggesting limited supply which may drive property prices up.
RECOMMENDATIONS FOR BUYERS, SELLERS, AND INVESTORS
Buyers:
If you are a first-time buyer, consider Bundaberg Central for affordable house options or Bundaberg South for units with potential for future capital growth.
For lifestyle-focused buyers, Bargara offers a premium coastal experience, though it comes with higher price tags.
Sellers:
Given the high demand and limited listings, Bundaberg Central and Branyan could be favourable markets for sellers looking to achieve quicker sales.
For sellers in Bargara, it's an opportune time to capitalize on the high median prices.
Investors:
The suburbs of Bundaberg North and Bundaberg South are optimal for rental income, with high rental yields and growing rental rates.
Branyan and Ashfield also present attractive options with strong growth in property values and moderate rental yields.