Investing in property in Bundaberg
Situated 450 kilometres north of Brisbane, between Rockhampton and the Fraser Coast, Bundaberg is a lifestyle location that offers an affordable alternative for Australian property investors. This coastal town is considered the food bowl of Australia and is internationally recognised for iconic Australian brands such as Bundaberg Rum, Bundaberg Sugar, and Bundaberg Brewed Drinks (to name a few).
Bundaberg Property Investment Opportunities at a Glance
Property Market Highlights
- 25% of its occupants live in rental accommodation.
- Vacancy rates below Brisbane Metro’s 0.6% average.
- Market is experiencing quick occupancy, which is ideal for rental income cash flow.
Infrastructure & Development Highlights
- Large development applications lodged recently in health, education, transport, aviation and tourism.
- Government investment of $1.2bn to build a new hospital in Bundaberg to open in the second half of 2027 – predicted to create nearly 2,887 jobs.
- Over 4.2 billion in capital projects under planning and construction within the next decade.
Economic Growth Highlights
- Key Industries:
- Health
- Education
- Agriculture
- Unemployment sits around 7 per cent in the final quarter of 2022
- The economy is growing faster than state and national averages
Bundaberg Location & Lifestyle:
From a lifestyle perspective, Bundaberg is the gateway to the southern Great Barrier Reef, offering beautiful beaches, warm weather, quality retail facilities, accommodation options, natural attractions, and cosmopolitan dining experiences. Daily flights to Brisbane create an attractive package for tourists and families alike. The combination of a year-round warm climate, laid-back lifestyle and affordable cost of living only 15 minutes from the coast makes the Bundaberg Region an irresistible prospect for investors and residents alike.
Bundaberg Property Market
Rental demand is high in this region with average vacancy rates of 0.4% and rental yields of 5.1% recorded in the second quarter of 2022. From Bundaberg’s population of 100,000+ people, close to 25% of its occupants live in rental accommodation currently (population growth is predicted at 20 per cent over the next 10 years). Property entry prices are some of the lowest property prices in the state with a median house price of $425,000.
Bundaberg Infrastructure & Development
Large development applications have been lodged recently in the areas of health, education, transport, aviation and tourism. The Government of Queensland has released plans to invest $1.2bn to build a new hospital in Bundaberg to open in the second half of 2027, predicted to create nearly 2,887 jobs. In total, the region has over 4.2 billion in capital projects under planning and construction within the next decade. These projects in the areas of residential and commercial development, health, biofutures, public infrastructure and recreation (to name a few) will create a further 3,200 local jobs.
Bundaberg Economy
Serving the largest residential population outside of South East Queensland, Bundaberg’s economy is growing faster than state and national averages. Building off a strong and diversified economic base in health, education and agriculture, along with port and airport infrastructure. The region has already seen improved economic outcomes in recent years, with unemployment falling from 9.6 per cent mid-last year to sitting around 7 per cent in the final quarter of 2022, leading to increased work opportunities in the region.
Over the next few years, the demand for jobs in the leading industries of employment in the region; tourism, education and training, health and aged care and property and construction, will primarily be driving economic growth. Significant public and private investment which will fuel the demand for high-level skilled positions in the region will also help strengthen an already growing economy.
Invest in Bundaberg
The Stroud Super Six range includes six homes around the 150 to 200 square metre mark that can be built for under $350,000 – making them ideal for investors. While the price point has been reduced through the reduction of luxury inclusions, our quality guarantees remain. Providing peace of mind.
Check out our selection of House and land Packages designed specifically with the Bundaberg property investor in mind.