Bundaberg Real Estate Market Prices & Trends 2023

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Bundaberg, formerly one of South East Queensland’s best kept secrets, is in the midst of unprecedented growth and heightened property demand underscored by a 97% five-year population growth between 2016 and 2021.

In 2023, the population and economy of Bundaberg are growing well above national averages. The Bundaberg region enjoys a strong and diverse economic base in education, agriculture, and health, as well as the advent of new ag-tech sectors in food, bioproducts, and defence.

Investment of over $4.2 billion in capital projects that are under construction means that the local population and housing market are expected to soar over the next five years. For real estate investors or those looking for a sea change, the Bundaberg housing market may present one of the top investment opportunities in Queensland, and across Australia.

Bundaberg Critical Stats

Before we take a closer look at Bundaberg’s real estate market prices and trends in 2023, let’s take a step back to better understand the local demographics, and the numbers that provide insights into the Bundaberg region.

Population: 99,215 (ABS Data, 2021)

Population Growth Rate: 97.83% population growth 2016-2021

Families: 27,173

Median Age: 47

Number of Private Dwellings: 45,966

Median Household Size: 2.4 persons

Median Weekly Household Income: $1,157

Median Monthly Mortgage Repayment: $1,300

Bundaberg Real Estate Market Insights

An overview of the Bundaberg LGA real estate market for Q1 – Q3 in 2023 shows consistent growth and strong demand for the buy and rent markets. The median house price has seen a Q1 – Q3 growth of 9.11% and a unit price increase of 6.61% between Q1 – Q3 2023. As the population continues to grow, we expect these numbers to continue to grow over the next quarter to close out 2023.

Median House Purchase Price: $554,000 (+9.11% growth)

Median House Rental Price: $425 P/W (+7.85% growth)

Median Unit Purchase Price: $345,000 (+6.61% growth)

Median Unit Rental Price: $340 P/W (+8.27% growth)

Bundaberg’s Best Real Estate Investment Opportunities

Bargara, 4670

Median House Price: $650,000 (up 6.6% October 2022 – September 2023)

Median House Rental: $550 p/w (up 4.3% October 2022 – September 2023)

Median Unit Price: $485,000 (up 3.2% October 2022 – September 2023)

Median Unit Rental: $470 p/w (up 14.6% October 2022 – September 2023)

Bundaberg South, 4670

Median House Price: $350,000 (up 4.9% October 2022 – September 2023)

Median House Rental: $442 p/w (up 22.1% October 2022 – September 2023)

Median Unit Price: $280,000 (up 14.8% October 2022 – September 2023)

Median Unit Rental: $330 p/w (up 10.0% October 2022 – September 2023)

Branyan, 4670

Median House Price: $537,000 (up 11.1% October 2022 – September 2023)

Median House Rental: $530 p/w (up 14% October 2022 – September 2023)

Kalkie, 4670

Median House Price: $25,000 (up 7.6% October 2022 – September 2023)

Median House Rental: $500 p/w (up 4.2% October 2022 – September 2023)

Bundaberg Real Estate Trends – Beyond 2023

Bundaberg is a sleeping giant in the regional Queensland housing market. Highlighted by a doubling of the local population in just five-years and significant investment in capital projects over the next three years, the housing marketing in the Bundaberg region presents exciting opportunities for seasoned investors, right the way through to first-home buyers looking to make their mark in one of Queensland’s fastest growing regions. Ready to speak to an expert about investing in the area? As your local real estate agent servicing Bargara, Bundaberg, and everywhere in between, I can help you find the right property with ease.