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Bundaberg Regional, QLD

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Bundaberg Regional Council is a local government area in Queensland Wide Bay–Burnett region. It includes the town of Bundaberg and surrounds located approximately 350km to the north of Brisbane.

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The most common occupations in Bundaberg are labourers (15.1%), professionals (15.0%), technicians and trades workers (14.1%), managers (11.8%), and clerical and administrative workers (11.8%).

Bundaberg’s typical weekly personal income for persons aged 15 and over is $490.

Separate homes account for 85.8% of occupied private residences in Bundaberg, 6.6 % for semi-detached, row or terrace houses, townhouses, etc., 5.2 % for flats or apartments, and 1.9 % for other housing.

The Bundaberg Regional Property Market is experiencing an influx of new interest from property investors due to its proximity to Gold Coast and Brisbane. Investors are attracted by the recent developments such as the waterway development, hospital redevelopment and new residential designs.

Find out more about Bundaberg LGA property market by reviewing the data on this page.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

Property Market in Bundaberg Regional, QLD

What other property markets are there near Bundaberg Regional, QLD?

The Bundaberg Region local government borders 3 other LGAs – Gladstone, North Burnett Regional and Fraser Coast.

How many people live in Bundaberg Regional, QLD?

There are approximately 95000 people living in roughly 44000 dwellings in total, with an average household size of 2.4.

What are current and planned infrastructure projects in Bundaberg Regional, QLD?

Among the main projects there are Anzac park redevelopment, Bundaberg Regional Aquatic Centre,
Community hub, Civic and Cultural Precinct, Moore Park Beach Masterplan, Bundaberg Hospital Redevelopment Project, Paradise Dam.

What major retailers are there in Bundaberg Regional, QLD?

There are main retailers such as Sugarland Plaza Bundaberg, Hinkler Central, Bargara Central, Kensington Shopping Centre, Rivers Bundaberg, Millers, Southside Central Shopping Centre, Target Bundaberg.

What is the main industry in Bundaberg Regional, QLD?

Such sectors as Health Care and Social Assistance, Agriculture, Forestry and Fishing, Retail Trade, Construction, Education and Training take the largest part of the employment.

What are the dominant demographic groups in Bundaberg Regional, QLD?

Among approximately 95000 people in Bundaberg Regional males and females make roughly 49% and 51% respectively. The median age of people is 45 years. Children aged 0-14 years account for approximately 18% of the population, and those aged 65+ years account for 23%.

How is unemployment rate trending in Bundaberg Regional, QLD?

Among approximately 38000 people employed, roughly 53% work full-time, 32% work part-time, and an estimated 10.5% are unemployed.

Suburbs/localities in this Local Government Area: Eureka 4660, Fairymead 4670, Farnsfield 4660, Avenell Heights 4670, Avoca 4670, Avondale 4670, Gaeta 4671, Gin Gin 4671, Givelda 4670, Gooburrum 4670, Goodwood 4660, Gregory River 4660, Horse Camp 4671, Horton 4660, Innes Park 4670, Isis Central 4660, Isis River 4660, Kalkie 4670, Kalpowar 4630, Kensington 4670, Kepnock 4670, Kinkuna 4670, Kolonga 4671, Bargara 4670, Kullogum 4660, Lake Monduran 4671, Maroondan 4671, Mcilwraith 4671, Meadowvale 4670, Miara 4673, Millbank 4670, Molangul 4671, Mon Repos 4670, Monduran 4671, Moolboolaman 4671, Moore Park Beach 4670, Moorland 4670, Morganville 4671, Abbotsford 4670, Mullett Creek 4670, Nearum 4671, New Moonta 4671, North Gregory 4660, North Isis 4660, Norville 4670, Oakwood 4670, Pine Creek 4670, Promisedland 4660, Qunaba 4670, Redhill Farms 4671, Redridge 4660, Rosedale 4674, Rubyanna 4670, Sharon 4670, Skyring Reserve 4671, South Bingera 4670, South Isis 4660, South Kolan 4670, St Agnes 4671, St Kilda 4671, Svensson Heights 4670, Takilberan 4671, Thabeban 4670, Tirroan 4671, Walkervale 4670, Wallaville 4671, Watalgan 4670, Waterloo 4673, Welcome Creek 4670, Windermere 4670, Winfield 4670, Wonbah 4671, Wonbah Forest 4671, Woodgate 4660, Woongarra 4670, Boolboonda 4671, Yandaran 4673, Booyal 4671, Branyan 4670, Bucca 4670, Alloway 4670, Bullyard 4671, Bundaberg Central 4670, Bundaberg East 4670, Bundaberg North 4670, Bundaberg South 4670, Bundaberg West 4670, Bungadoo 4671, Burnett Heads 4670, Buxton 4660, Calavos 4670, Abington 4660, Childers 4660, Apple Tree Creek 4660, Coonarr 4670, Coral Cove 4670, Cordalba 4660, Dalga 4630, Dalysford 4671, Damascus 4671, Delan 4671, Doolbi 4660, Doughboy 4671, Drinan 4671, Duingal 4671, Ashfield 4670, Electra 4670, Elliott 4670, Elliott Heads 4670

3 thoughts on “Bundaberg Regional, QLD”

  1. Bundaberg is a strong and growing region, with many economic and employment opportunities, and significant potential for those looking to invest in the area. It is also a classic example of a property market that comprises multiple markets.

    Risk

    An important aspect of evaluating any potential investments is the consideration of risk factors, which the RCS algorithm measures. A river flows through the centre of the LGA and generally suburbs within proximity to the riverbank are identified as areas of higher risk, as they pose a greater susceptibility of flooding in the future.

    It is nonetheless essential to understand the exact characteristics of each particular property in order to fully assess its flood risk factor.

    For example, properties located in the higher-risk flood area that are situated on elevated ground are less likely to be affected in the event of an inundation. Additionally, properties located in parts of suburb away from the river are generally considered to have a lower risk profile.

    Keep in mind that insurance companies may still classify these properties as high-risk, due to their general location. In summary, if your risk appetite is low, consider suburbs with the Lower Risk RCS of 50 or greater in Bundaberg.

    Cashflow

    Bundaberg LGA offers many attractive opportunities for the cash flow minded investor, with an average indicative gross yield of around 4%.

    High cash flow neighbourhoods can be identified through their HtAG RCS Cashflow indicator, with many suburbs achieving a score above 70 – indicating they are well suited to cash flow investments.

    Lower priced suburbs in this LGA offer yields that approach 6%, however they could also carry higher risk and may experience lower capital growth than those of a higher price entry point

    Capital Growth

    Bundaberg LGA market fundamentals present a positive outlook with its favourably skewed renter-to-owner and unit-to-house ratios. Though there are some areas in the LGA with a comparatively low IRSAD ranking, there are also thriving suburbs with rankings in the favourable range.

    Demand remains strong for both three- and four-bedroom homes, as well as the unit segment in the CBD, with notable increases in the buy search index indicating increased buyer interest.

    Supply metrics are all trending positively, indicating a diminishing stock available in the LGA, while the demand side is well represented by favourable discounting, vacancy, and days on market figures.

    Though there is minor activity in the auctions market, clearance rates remain within acceptable range for a regional market.

    Conclusion

    With lower risk, higher rental returns and strong potential for capital growth in some suburbs, the LGA may present opportunities in its growth corridor emanating from the LGA central suburbs eastward towards the coast.

    Investors should be aware of areas with an abundance of new builds or off-the-plan properties, however, as sales data may not yet be reflective of established dwelling prices in those markets.

  2. Hi Team,

    So I analysed Bundaberg back in November 2022 on this platform. At the time of my analysis the median house price was $524,000, fast forward 5 months to March 2023 its now sitting at $508,000. The above median house price graph/data does not show a backward trend over the last 5 months. My question is how has this happened?

    • Hi Troyson,

      At HtAG Analytics, our approach emphasizes the use of the Typical Price metric over the Median Price. The primary difference between these two metrics lies in the fact that Typical Price is a revisionary metric, which is recalculated every month for both the current and past months. By employing this method, we aim to overcome the limitations associated with median price, particularly the inconsistencies in month-on-month values.

      The dynamic nature of the Typical Price metric can be better understood through this GIF illustration – the faint blue line represents the median price, while the dark blue line denotes the typical price. As the GIF demonstrates, Typical Price values vary monthly with every revision due to the individual nuances of the statistical methodologies used for calculation. Nevertheless, the Typical Price, despite its minor revisionary fluctuations, proves to be a more precise indicator of current values and long-term trends when compared to the median price.

      The Typical Price will likely show minor variations when comparing historical values between data releases, as it is continuously recalculated for the entire data series. However, using this metric is more accurate than relying on median prices, which tend to have greater inconsistencies due to their volatility at the suburb and LGA levels.

      For a deeper understanding, I recommend exploring these articles that explain the nuances of this metric in greater detail:

      https://www.htag.com.au/is-median-price-a-reliable-metric-for-property-investors/
      https://www.htag.com.au/house-price-indexes/
      https://www.htag.com.au/backtesting-house-price-forecast/

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