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Thabeban suburb profile

Thabeban is a peaceful suburb located in the Bundaberg Region of Queensland, offering a relaxed lifestyle with a touch of rural charm. Situated just a short drive from Bundaberg's city centre, Thabeban provides residents with easy access to urban amenities while maintaining a tranquil atmosphere. The suburb is characterized by its spacious properties, family-friendly environment, and close-knit community. With local parks, schools, and essential services nearby, Thabeban is an appealing choice for families and retirees seeking a serene yet convenient place to call home.

Thabeban property market performance

Thabeban's property market has experienced significant growth over the past 12 months, with house values increasing by 18.1%. The current median house price stands at $681,000, reflecting strong demand in the area. However, the unit market remains inactive, with no sales or price changes reported.

Sales activity for houses has been moderate, with 15 houses sold over the last 12 months. Houses are selling quickly, with a median of just 9 days on the market, indicating a competitive market environment. The absence of unit sales suggests a lack of supply or demand in this segment.

The rental market for houses in Thabeban has also seen positive movement, with average rents increasing by 7.3% over the past year, reaching $590. The unit rental market remains inactive, mirroring the sales market.

HousesUnits
Median price
Past 3 months
$681KN/A
Change in value
Past 12 months
18.1%N/A
Sold
Past 3 months
15N/A
Median days on market
Past 12 months
9N/A
Average rent
Past 12 months
$590N/A
Change in rent
Past 12 months
7.3%N/A

5 year median price trend for houses and units

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Thabeban demographics

Thabeban, a suburb located in the Bundaberg region of Queensland, offers a serene lifestyle with a touch of rural charm. With a population of 2,971, it is a close-knit community where residents enjoy a slower pace of life. The median age of 40 suggests a mature population, with a mix of families and long-term residents who appreciate the suburb's peaceful environment and community spirit.

Housing in Thabeban is characterized by a significant proportion of home ownership, with 40.3% of properties owned outright and 25.5% owned with a mortgage. This indicates a stable community with many residents having established roots in the area. The rental market, comprising 34.2% of properties, provides options for those seeking flexibility, including young families and individuals who are new to the area.

Family dynamics in Thabeban are diverse, with 32% of families being couples with children and 44.6% being couples without children. One-parent families make up 22% of the community, reflecting a supportive environment for various family structures. The median total household income of $1,164 per week aligns with the suburb's affordable living standards, making it an attractive option for those seeking a balance between cost and quality of life.

Thabeban infrastructure, key developments and investment opportunities

Thabeban benefits from its close proximity to Bundaberg’s CBD, airport and major coastal destinations, with Goodwood Road and regular bus services providing convenient access to jobs, retail and health services, which supports its appeal for both owner-occupiers and renters.[5] The presence of Thabeban State School within the suburb is a key drawcard for families, and incremental improvements to nearby amenities and services in Bundaberg typically flow through to demand and values in Thabeban over time.[1][5]

There are currently no widely publicised large-scale redevelopments, new transport corridors, or major infrastructure upgrades specific to Thabeban that are likely to significantly reshape the local property market in the short term.[1][5] Instead, the suburb’s prospects are largely tied to broader growth and planning in the Bundaberg region, as well as its established transport links, family-friendly character and easy access to coastal recreation, all of which underpin steady buyer interest and rental demand.[5]

Thabeban rental market trends

The rental market in Thabeban has experienced moderate growth, with house rents increasing by 7.3% over the past year to $590 per week. However, there has been no change in unit rents, which remain at $0 per week. This indicates a potential lack of available units or demand in the area, making it a unique market for investors and renters focusing on houses.

Suburbs near Thabeban

Some popular suburbs near Thabeban include:

How does Thabeban compare to nearby suburbs?

  • Median house prices: Thabeban’s median house price is 8.5% higher than Norville’s.
  • House price growth: Over the past 12 months, house prices in Thabeban have grown 8.1% higher than in Norville.
  • Selling speed for houses: Properties in Thabeban are selling 25.0% faster than in Norville.

Common questions about Thabeban

  • Is Thabeban a nice place to live?

    Thabeban is a charming suburb that offers a delightful blend of tranquility and convenience, making it a lovely place to live. Its peaceful atmosphere and rural charm are complemented by its proximity to Bundaberg's city centre, providing residents with easy access to urban amenities while enjoying a serene lifestyle. The suburb is known for its spacious properties and a strong sense of community, making it particularly appealing to families and retirees who appreciate a relaxed pace of life.

    Families will find Thabeban to be a welcoming environment, with local parks and schools contributing to its family-friendly vibe. The presence of Thabeban State School is a significant advantage for those with children, and the suburb's close-knit community fosters a supportive atmosphere for various family structures. While Thabeban may not offer the bustling nightlife of larger urban areas, it makes up for it with its peaceful surroundings and the convenience of nearby amenities in Bundaberg.

    One of the trade-offs of living in Thabeban is the lack of major infrastructure upgrades or large-scale redevelopments in the immediate future. However, its established transport links and easy access to coastal recreation ensure that residents can enjoy a balanced lifestyle. Safety is generally not a major concern, contributing to the suburb's appeal as a secure and pleasant place to call home. Overall, Thabeban is an attractive option for those seeking a harmonious blend of rural charm and urban convenience.

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  • Is it expensive to live in Thabeban?

    Living in Thabeban can be considered moderately expensive, especially when you look at the housing market. The current median house price is around $681,000, which is quite substantial, particularly for a suburb that isn't in close proximity to a major city. Renting isn't exactly cheap either, with the average rent for houses sitting at $590 per week.

    When you compare this to the average wage in Queensland, which is approximately $107,000 per year, it becomes clear that a significant portion of one's income would be dedicated to housing expenses in Thabeban. The median total household income in the area is $1,164 per week, which suggests that housing costs could take up a large chunk of the household budget.

    Overall, while Thabeban offers a more laid-back lifestyle away from the hustle and bustle of city life, the cost of living, particularly in terms of housing, might be on the higher side for those earning the average state wage. If you're thinking of living in Thabeban, it's important to consider these financial factors to ensure it fits within your budget.

    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 Thabeban a good place to invest?

    Thabeban is showing promising signs as a potential investment suburb, particularly for those interested in the housing market. Over the past year, the median house value in Thabeban has increased by an impressive 18.1%, indicating strong demand and a healthy growth trajectory. This substantial rise suggests that the suburb is gaining popularity, possibly due to its affordability compared to more central locations, making it an attractive option for both first-time buyers and investors.

    While the unit market in Thabeban has remained stable with no change in median values or rent, the housing market tells a different story. The 7.3% increase in rent for houses over the last 12 months highlights a growing demand for rental properties, which could provide a steady rental income for investors. This rental growth, coupled with the significant rise in house values, suggests that Thabeban is becoming a more desirable place to live, likely due to its community feel and accessibility to nearby amenities.

    Overall, Thabeban presents a compelling opportunity for those looking to invest in houses. The combination of strong capital growth and increasing rental yields makes it a suburb worth considering for investors seeking both appreciation and income potential. While the unit market may not currently offer the same level of growth, the stability it provides could appeal to those looking for a low-risk entry into the property market.

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Choose the right real estate agents in Thabeban

Currently, there are 36 real estate agents working in Thabeban—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 36 agents sold 36.4% of all properties in Thabeban over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Thabeban typically charge a commission of 2% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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