Question 1

Is Svensson Heights a nice place to live?

Accepted Answer

Svensson Heights sits on slightly higher ground on Bundaberg’s western edge, so parts of the suburb have a more elevated, leafy feel. Streets mix older Queenslander-style homes with more recent brick dwellings, giving an established suburban character that appeals to families and downsizers. Local parks and sports fields provide outdoor space, and a small neighbourhood shopping area covers everyday needs.

The community is weighted towards couple families, with those households making up 72.9% of families, and a majority of homes are owner-occupied at 59.4%. Main roads give straightforward access into Bundaberg’s centre and toward the coastal precinct. Nearby public works include a new Bundaberg Hospital being delivered at Thabeban, a completed Black Spot upgrade within the suburb and a performing arts refurbishment at Bundaberg State High School; there was also a PFAS investigation affecting a bore feeding Dr Mays Reservoir, and the impacted bore was removed with ongoing monitoring in place. Whether Svensson Heights suits you will come down to whether an established, mostly owner-occupied suburb close to parks and local shops fits your needs.

Question 2

Is it expensive to live in Svensson Heights?

Accepted Answer

A median house price of $659,900 in Svensson Heights works out to about 12.0 times a typical local annual household income at the last Census, so buying a house sits well above what households there earned at that Census.

Renting also takes a large share of income on these figures: the average house rent of $580 a week is about 55.1% of a typical local household's weekly income at the last Census, and the average unit rent of $410 a week is about 38.9% of that income. If you are renting rather than buying, those rent shares are the most relevant numbers to consider.

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 Svensson Heights a good place to invest?

Accepted Answer

The most striking feature over the past year is strong capital growth. In Svensson Heights, house values climbed 22.5% and unit values rose 21.6% over the last 12 months, both large increases in what properties are worth.

Rents rose too, but less sharply: unit rents jumped 10.8% (a strong rise) while house rents increased 5.5% (a solid rise). Unit rents grew faster than house rents, and in both property types the rent increases were smaller than the gains in property values. Whether that balance of strong value growth alongside smaller rent gains suits your goals depends on what you're looking for.

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	$660K	N/A
Change in value Past 12 months	22.5%	21.6%
Sold Past 3 months	14	3
Median days on market Past 12 months	17	N/A
Average rent Past 12 months	$580	$410
Change in rent Past 12 months	5.5%	10.8%

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