Question 1

Is Bundaberg South a nice place to live?

Accepted Answer

Bundaberg South is an inner suburb on the southern side of the Burnett River with a close-in, predominantly residential feel. Streets mix classic Queenslander cottages and low-set brick homes with pockets of newer townhouses, and many properties have established trees and quiet streets. It is popular with families, professionals and retirees who value easy access to the city centre, riverfront parks and local shops. Community facilities, schools and sporting grounds are within easy reach, and regular bus services and main roads make getting around the wider region straightforward.

About 3,494 people live in Bundaberg South and the median age is 37, with a median household income of $978 a week. The suburb is weighted towards couple families both with and without children, and renting is the most common tenure (60.9%) while owner-occupiers make up 39.1%. Health and community services are centred here with the Bundaberg Base Hospital, and a new state hospital is being delivered nearby; a levee project is also planned to improve flood protection for parts of the area. Whether it suits you depends on the mix of housing, access and services you want.

Question 2

Is it expensive to live in Bundaberg South?

Accepted Answer

At a median house price of $570,000, buying a house in Bundaberg South works out to about 11.2 times a typical local household's annual income as recorded at the most recent Census, which sits well above local incomes. Renting also takes a large share of income: the average house rent of $580 a week would use roughly 59% of a typical local household's weekly income at the last Census, and the average unit rent of $420 a week would be about 43% of that weekly income.

If you are mainly looking to rent, those rent shares are the most relevant figures; if you are considering buying, the price multiple is the key measure. Whether these numbers feel expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Bundaberg South a good place to invest?

Accepted Answer

Unit values in Bundaberg South jumped 24.2% over the past 12 months, a strong rise, while house values also increased, up 14.2% over the year. On the rental side, house rents climbed 16.0% and unit rents rose 10.5% during the same period.

That means units were the stronger performer for capital growth this year, and houses led on rental-income growth. Which of those outcomes matters to you will depend on your own investment goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$570K	N/A
Change in value Past 12 months	14.2%	24.3%
Sold Past 3 months	12	10
Median days on market Past 12 months	15	17
Average rent Past 12 months	$580	$420
Change in rent Past 12 months	16.0%	10.5%

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