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Bundall suburb profile

Bundall is a vibrant suburb located in the heart of the Gold Coast, Queensland, known for its commercial and cultural significance. It is home to the Gold Coast Arts Centre and the popular Bundall Farmers' Markets, offering a lively atmosphere for residents and visitors alike. The suburb features a mix of residential areas, including waterfront properties along the Nerang River, and commercial precincts with a variety of businesses and services. Its central location provides easy access to Surfers Paradise, major shopping centres, and recreational facilities, making Bundall a convenient and attractive place to live and work.

Bundall property market performance

Current median dwelling price$1,915,000Past 3 months

Property growth+26.6%Past 12 months

Bundall’s property market has experienced significant growth over the past 12 months, with house values soaring by 23.1% and unit values increasing by 30.1%. The current median house price stands at $3 million, while the unit market has seen a notable rise despite the absence of a median price.

Sales activity has been moderate, with 18 houses and 7 units sold in the past 12 months. Houses are taking longer to sell, with a median of 46 days on the market, compared to just 14 days for units, indicating a brisker pace in the unit sector.

The rental market in Bundall has shown stability for houses, with no change in average rent over the last 12 months, remaining at $1,300. In contrast, unit rents have increased by 7.1%, reaching an average of $750, reflecting growing demand in the unit rental market.

HousesUnits
Median price
Past 3 months
$3MN/A
Change in value
Past 12 months
23.1%30.1%
Sold
Past 3 months
187
Median days on market
Past 12 months
4614
Average rent
Past 12 months
$1300$750
Change in rent
Past 12 months
N/A7.1%

5 year median price trend for houses and units

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Bundall demographics

Bundall, located in the heart of the Gold Coast, is a suburb that offers a blend of residential comfort and commercial convenience. With a population of 4,895, Bundall is known for its picturesque canals and proximity to the bustling Surfers Paradise. The median age of 41 suggests a mature community, with many residents likely enjoying the balance of a serene lifestyle and access to vibrant city amenities.

The suburb's family dynamics are diverse, with 43.5% of households being couple families with children, and 39.9% being couples without children. This indicates a strong family presence, complemented by a significant proportion of one-parent families at 15.3%. The housing market in Bundall is characterized by a high rate of home ownership, with 35.4% of properties owned outright and 37.9% owned with a mortgage. This stability is appealing to families and long-term residents who value the security of home ownership.

Rental properties make up 26.7% of the housing market, catering to those who prefer flexibility or are new to the area. Bundall's median total household income of $1,957 per week reflects a relatively affluent community, likely benefiting from the suburb's proximity to business hubs and recreational facilities. Overall, Bundall offers a harmonious blend of lifestyle and opportunity, making it a desirable location for families and professionals alike.

Bundall infrastructure, key developments and investment opportunities

Bundall continues to benefit from its role as a key commercial and administrative hub, anchored by the HOTA cultural precinct, Gold Coast Turf Club and the Bundall corporate park, which support strong local employment and underpin demand for nearby residential property.[1] Proximity to major shopping at Pacific Fair and Robina, along with riverside parklands and walking paths along the Nerang River, enhances lifestyle appeal and is likely to remain a drawcard for owner-occupiers and investors.[1][3]

Public transport connectivity via bus routes linking Bundall to Surfers Paradise, Broadbeach and Nerang Station supports commuting and could help sustain buyer interest among professionals seeking central but suburban living.[1] There are currently no widely reported new large-scale infrastructure or school projects specific to Bundall beyond ongoing activation of existing cultural and sporting venues, so near-term property drivers are more closely tied to its established amenities, central location and inclusion in the high-demand 4217 “golden triangle”.[1][3]

Bundall rental market trends

The rental market in Bundall has shown stability, with house rents remaining unchanged at $1,300 per week over the past year. Meanwhile, unit rents have experienced a 7.1% increase, reaching $750 per week. Bundall continues to attract renters with its appealing lifestyle and proximity to key amenities, making it a desirable location for both residents and investors.

Suburbs near Bundall

Some popular suburbs near Bundall include:

How does Bundall compare to nearby suburbs?

  • Median house prices: Bundall’s median house price is 66.2% higher than Benowa’s.
  • Median unit prices: Bundall’s median unit price is 4.1% higher than Surfers Paradise’s.
  • House price growth: Over the past 12 months, house prices in Bundall have grown 18.3% higher than in Benowa.
  • Unit price growth: Over the past 12 months, unit prices in Bundall have grown 15.6% higher than in Benowa.
  • Selling speed for houses: Properties in Bundall are selling 14.8% faster than in Surfers Paradise.
  • Selling speed for units: Properties in Bundall are selling 46.2% faster than in Benowa.

Common questions about Bundall

  • Is Bundall a nice place to live?

    Bundall is a delightful suburb that offers a unique blend of residential tranquility and commercial vibrancy, making it a fantastic place to call home. Nestled in the heart of the Gold Coast, Bundall is known for its serene canals and lush green spaces, providing a peaceful environment for families and individuals alike. The suburb's proximity to the bustling Surfers Paradise and major shopping centres ensures that residents have easy access to a plethora of amenities, including shopping, dining, and entertainment options. This central location is perfect for those who appreciate the convenience of city living while enjoying the comfort of a suburban lifestyle.

    Families will find Bundall particularly appealing due to its strong sense of community and the availability of quality schools and recreational facilities. The suburb's cultural scene is enriched by the presence of the Gold Coast Arts Centre, offering a variety of events and activities that cater to all ages. Safety is generally not a major concern, contributing to the suburb's family-friendly atmosphere. However, it's worth noting that Bundall's vibrant commercial areas can lead to increased traffic, especially during peak hours, which might be a consideration for those seeking a quieter environment.

    While Bundall offers a high standard of living, potential residents should be aware of the trade-offs. The suburb's desirability and central location can lead to higher property prices, which may be a consideration for those on a tighter budget. Additionally, while public transport options are available, they may not be as extensive as in some other areas, so having a car could be beneficial for daily commuting. Overall, Bundall is a charming suburb that offers a balanced lifestyle with plenty of opportunities for work, play, and relaxation, making it a wonderful place to live for families and professionals alike.

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  • Is it expensive to live in Bundall?

    Living in Bundall can be quite expensive, especially when it comes to housing. The median house price is a hefty $3,000,000, which is significantly higher than many other areas on the Gold Coast. If you're considering renting, houses average about $1,300 per week, while units are more affordable at $750 per week. These figures suggest that housing costs in Bundall are on the higher end, particularly for those looking to buy.

    When you compare this with the average full-time salary in Queensland, which is around $90,000 per year, it's clear that a significant portion of one's income would need to be dedicated to housing costs in Bundall. The median total household income in Bundall is $1,957 per week, which is above the state average, but still, the high property prices mean that living here could stretch the budget for many.

    Overall, Bundall offers a desirable location within the Gold Coast urban area, but the cost of living, especially in terms of housing, is on the higher side. If you're thinking of living in Bundall, it's important to carefully consider your financial situation and whether it can accommodate the expenses associated with this upscale 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 Bundall a good place to invest?

    Bundall is shaping up to be an attractive investment suburb, particularly for those interested in capital growth. Over the past year, the suburb has seen a significant increase in property values, with median house values rising by 23.1% and unit values by an impressive 30.1%. This strong growth indicates a high demand for properties in the area, making it a promising option for investors looking for potential appreciation in their investments.

    While rental growth for houses has remained flat over the past year, units have experienced a 7.1% increase in rent. This suggests that units in Bundall are becoming increasingly popular among renters, which could be due to their affordability compared to houses or the lifestyle they offer. For investors, this trend could mean a steady rental income stream from units, alongside the potential for capital gains.

    Overall, Bundall presents a compelling case for investment, especially for those focused on capital growth and rental income from units. Its recent performance in the property market highlights its potential as a suburb with strong demand and growth prospects, making it a worthwhile consideration for property investors.

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Choose the right real estate agents in Bundall

There are 37 real estate agents in Bundall, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 40.7% of all sales in the past year.

Commission rates in Bundall typically range from 2% to 2.94%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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