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Bundaberg West, QLD 4670

Home » QLD Real Estate Data » Bundaberg Regional, QLD » Bundaberg West, QLD 4670

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Bundaberg West, QLD 4670 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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.

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0 thoughts on “Bundaberg West, QLD 4670”

  1. The total adult population (15 years or older) of Bundaberg West 4670 QLD is 2,180, with a median age of 39. Of those, 30.14% are married, 21.28% are divorced or separated, 42.02% are single and 6.56% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $5,540. The median monthly mortgage repayment for households in this suburb is $1,181 which is 21.32% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Queensland, the suburb of Bundaberg West, with a postcode of 4670, is home to an estimated 1,596 households. As of the third quarter in 2023, houses in this suburb have a typical price of $405,568 accompanied by a median weekly rent of $411. This presents an attractive indicative yield of 5.27%, which is above the general requisition of investors seeking markets with a minimum of a 3% yield.

    Given an Index of Relative Socio-economic Advantage and Disadvantage (IRSAD) score of 836 out of 1,217, this suggests that Bundaberg West harbours a moderately well-off population with a moderately privileged socioeconomic status, which bodes well for the suburb’s viability as an investment location.

    A substantial proportion of residents in Bundaberg West are renters, with a renter to owner ratio of 62%, surpassing the advised threshold of 45%. This could indicate a higher level of competition among property investors, and could potentially impact the overall vibe of the neighbourhood.

    However, the suburb is advantageous in terms of the units to houses ratio, which sits at a favourable 28%. This lower proportion suggests lesser competition amongst landlords for tenants, potentially preserving higher rental yields and fostering longer tenancy periods.

    Affordability seems to be within reach in Bundaberg West with an affordability index of 29 years, comfortably below the concerning threshold of 31 years. This suggests the typical property in Bundaberg West would be owned within estimated duration based on a standard 30-year mortgage.

    The stock on market percentage for houses is a low 0.1%, suggesting a tight supply in the market, while the inventory level stand at a lean 0.32 months, indicating the market’s effective absorption of new listings.

    The building approvals ratio for houses is 0.41%, below the level that may point to an increased supply of new dwellings in the market.

    The average number of days on market for houses in Bundaberg West as of Q3 2023 is remarkably low at 30, indicating a high demand condition. Similarly, the Vacancy Rate, combining both houses and units, is extremely low at 0.4%, painting a picture of high demand and limited availability.

    In terms of online searches, the buy search index for houses is at 3, suggesting a more neutral level of demand. It’s noted that while some metrics are in the unfavourable range such as high renter to owner ratio and buy search index at low end of neutral, major metrics such as indicative yield, units to houses ratio, affordability index, days on market, and vacancy rate are in the favourable range making Bundaberg West an area to consider for property investment.

    As the dynamics of the property market continue to evolve, it’s important to remain aware of trends and to consider HtAG Analytics’ Relative Composite Score (RCS) for a comprehensive analysis of over 80 metrics. This automated research tool is particularly useful for staying updated with property market trends in Australia as it enables property investors to make informed decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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