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Bundaberg East suburb profile

Bundaberg East is a charming suburb located just east of the Bundaberg CBD in Queensland, known for its blend of residential and industrial areas. It offers a relaxed lifestyle with easy access to the Burnett River, providing opportunities for water-based activities and scenic views. The suburb is home to a mix of family-friendly amenities, including schools, parks, and local shops, making it an appealing choice for families and retirees. With its proximity to the Bundaberg Rum Distillery and the Mon Repos Turtle Centre, Bundaberg East also attracts tourists and nature enthusiasts, adding to its vibrant community atmosphere.

Bundaberg East property market performance

Bundaberg East's property market has experienced significant growth in house values over the past 12 months, with a notable increase of 20.7%, bringing the median house price to $785,000. In contrast, the unit market has remained stagnant, with no change in median unit value and limited sales activity, as only one unit was sold in the past year.

The housing market has been active, with 11 houses sold over the last 12 months and a quick median time on market of just 15 days, indicating strong demand. The unit market, however, shows minimal activity, with no recent sales data available.

Rental prices for houses in Bundaberg East have risen by 9.6% over the last 12 months, with an average rent of $570. Meanwhile, the unit rental market has seen no change, maintaining an average rent of $425, reflecting the subdued demand in this segment.

HousesUnits
Median price
Past 3 months
$785KN/A
Change in value
Past 12 months
20.7%N/A
Sold
Past 3 months
111
Median days on market
Past 12 months
15N/A
Average rent
Past 12 months
$570$425
Change in rent
Past 12 months
9.6%-7.6%

5 year median price trend for houses and units

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Bundaberg East demographics

Bundaberg East, located in Queensland, is a suburb that offers a blend of suburban tranquility and proximity to the amenities of Bundaberg city. With a population of 2,839, it is a relatively small community, which contributes to its close-knit and friendly atmosphere. The median age of 42 suggests a mature population, with a mix of families, professionals, and retirees who appreciate the suburb's peaceful environment and community spirit.

The suburb's housing landscape is diverse, with a significant portion of properties owned outright (33.5%), indicating a stable community with long-term residents. Additionally, 25.7% of properties are owned with a mortgage, while 40.8% are rented, providing options for both homeowners and renters. This balance of ownership and rental properties reflects the suburb's appeal to a wide range of residents, from young families to retirees seeking a relaxed lifestyle.

Family dynamics in Bundaberg East are varied, with couple families without children making up 40.7% of the population, and couple families with children accounting for 33.1%. One-parent families represent 24.7%, highlighting the suburb's inclusive nature and support for diverse family structures. The median total household income of $1,080 per week is indicative of the area's affordability, making it an attractive option for those seeking a cost-effective lifestyle without sacrificing quality of life.

Bundaberg East infrastructure, key developments and investment opportunities

Bundaberg East benefits from its proximity to the Bundaberg CBD and the broader employment, retail and health precincts of the city, supporting steady demand from both owner-occupiers and renters.[6][7] The suburb’s established residential streets, access to local shopping along key arterial roads, and relatively short drive to coastal amenities contribute to its appeal for families and downsizers, underpinning recent price growth and low days on market.[4][8]

There are currently no widely reported major new infrastructure or redevelopment projects specific to Bundaberg East that are expected to significantly alter the local property market in the short term. However, ongoing incremental improvements in community facilities and transport connections across the Bundaberg urban area continue to enhance overall liveability, which may support further gradual increases in property values and rental demand in Bundaberg East over time.[4][8]

Bundaberg East rental market trends

The rental market in Bundaberg East has experienced moderate growth, with house rents increasing by 9.6% over the past year to $570 per week, while unit rents have remained stable at $425 per week. This stability in unit rents, combined with the rise in house rents, reflects a balanced market, making Bundaberg East an attractive option for both renters and investors seeking steady returns in a regional setting.

Suburbs near Bundaberg East

Some popular suburbs near Bundaberg East include:

How does Bundaberg East compare to nearby suburbs?

  • Median house prices: Bundaberg East’s median house price is 17.9% higher than Kepnock’s.
  • House price growth: Over the past 12 months, house prices in Bundaberg East have grown 2.0% higher than in Ashfield.
  • Selling speed for houses: Properties in Bundaberg East are selling 31.8% faster than in Ashfield.

Common questions about Bundaberg East

  • Is Bundaberg East a nice place to live?

    Bundaberg East is a delightful suburb that offers a wonderful blend of suburban tranquility and vibrant community life. Its proximity to the Bundaberg CBD ensures that residents have easy access to a wide range of amenities, while still enjoying a peaceful environment. The suburb is known for its friendly atmosphere and strong sense of community, making it an appealing choice for families. With local schools, parks, and shops, Bundaberg East provides everything a family might need for a comfortable lifestyle. The nearby Burnett River adds a touch of natural beauty, offering opportunities for leisurely walks and water-based activities.

    While Bundaberg East is a fantastic place to live, it does come with a few trade-offs. The suburb's blend of residential and industrial areas might not appeal to everyone, and those seeking a bustling nightlife might find it lacking. However, the charm of Bundaberg East lies in its relaxed pace and the sense of community it fosters. Safety is generally not a major concern, and the suburb's mature population contributes to its stable and welcoming environment.

    For families, Bundaberg East offers a supportive and inclusive community with diverse family structures. The suburb's affordability is a significant draw, allowing families to enjoy a cost-effective lifestyle without compromising on quality. While there may not be major new infrastructure projects on the horizon, the ongoing improvements in community facilities and transport connections enhance the overall livability of the area. Bundaberg East is an excellent choice for those seeking a peaceful, family-friendly suburb with a strong community spirit and easy access to the amenities of Bundaberg city.

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  • Is it expensive to live in Bundaberg East?

    Living in Bundaberg East might be a bit of a stretch for some, especially when you consider the local income levels. The median house price is currently sitting at $785,000, which is quite significant for the area. If you're looking to rent instead, the average rent for houses is about $570 per week. Units are a bit more affordable, averaging $425 per week, but it's important to note that the availability of units might be limited given the median price data.

    When you compare these housing costs to the average personal wage in Bundaberg East, which is approximately $32,000 per year or $613 per week, it becomes clear that a large portion of one's income would go towards housing. This can make living in Bundaberg East challenging for those earning the average wage, especially when compared to the broader Queensland average wage, which is generally higher.

    Overall, while Bundaberg East offers a pleasant lifestyle with its coastal charm and community feel, the cost of housing relative to local wages suggests that it might be on the pricier side for many residents. It's important to carefully consider your financial situation and budget before deciding to make the move to this suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Bundaberg East a good place to invest?

    Bundaberg East is showing promising signs for property investors, especially when it comes to houses. Over the past year, the median house value in the suburb has surged by an impressive 20.7%, indicating strong demand and potential for capital growth. This kind of increase suggests that the area is becoming increasingly desirable, possibly due to its lifestyle offerings or local developments that are attracting buyers.

    In terms of rental income, houses in Bundaberg East have also seen a healthy rise, with rents increasing by 9.6% over the last 12 months. This is a positive indicator for investors looking for a steady rental yield, as it suggests a strong rental market with demand from tenants. However, it's worth noting that units haven't experienced the same growth, with both median values and rents remaining flat. This might mean that houses are currently the more attractive option for investment in this suburb.

    Overall, Bundaberg East presents a compelling opportunity for those interested in investing in houses, given the significant capital growth and rental increases. While units haven't shown the same level of performance, the suburb's overall upward trend for houses makes it a noteworthy consideration for investors seeking growth and rental income potential.

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Choose the right real estate agents in Bundaberg East

Choosing the right real estate agent in Bundaberg East can have a big impact on your sale. While there are 37 real estate agents working in the suburb, but just 5 of them were responsible for 40.6% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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