Why Invest in Bundaberg?
About Bundaberg
Bundaberg is a coastal town located 450 kilometres north of Brisbane.
It is has become a popular lifestyle location that offers great returns for Australian property investors.
Agriculture and tourism are just some of the things this coastal town has to offer as well as some well-known Australian brands such as such as Bundaberg Rum, Bundaberg Sugar, and Bundaberg Brewed Drinks, to name a few.
The Lifestyle
Bundaberg is one of the main access points to the southern Great Barrier Reef offering a huge range of tourist attractions, retail, and accommodation options.
The sub-tropical climate and proximity to the coast make it a popular destination for tourists as well as a prime destination for internal migration.
Bundaberg is well serviced by daily flights to Brisbane and road and rail connections. The region offers a laid-back lifestyle with an affordable cost of living.
The Property Market
With average vacancy rates of 0.4%* rental demand is strong in Bundaberg, and rental yields of 5.1%^ were recorded in the second quarter of 2022.
Currently, approximately 25% of Bundaberg’s population are renting their accommodation. The population is at almost 93,000 with 20% growth predicted in the next decade.
Bundaberg has some of the most affordable property entry prices in Queensland. The current median house price is approximately $425,000^.
A snapshot:
- Average Vacancy Rate:
0.4%* - Average Rental Yield:
5.13%^ - Median House Price:
$425,000^
*Source: REIQ Market Monitor – June Quarter 2022
^Source: realestateinvestar.com.au
The Infrastructure & Development
Bundaberg is turning out to be a great community to live and invest in with large business development applications benefiting the local economy.
The QLD Government plans to invest $1.2bn* for a new hospital in Bundaberg to be completed in 2027 and predicted to create nearly 2,887 jobs*. In addition, there are plans for investment in education, tourism, and transport.
The Wide Bay area has over 4.2 billion* invested in current and planned projects in residential and commercial development, health, biofutures, public infrastructure, recreation, and more, which will create a further 3,200* local jobs the next decade.
Unemployment has been steadily falling with increased work opportunities in the Wide Bay area.
*Source: https://www.bundaberg.qld.gov.au/downloads/file/786/invest-in-bundaberg-2020
The Super 6 Investment Homes 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.
Stroud Homes are able to accomplish this by reducing the level of standard inclusions. The inclusions we pare back on include the use of laminate bench tops instead of stone, finishing the home with one paint colour, investment tapware from Reece and hard-wearing vinyl flooring in the main living area.
The six house designs are all completely different, however each home has at least three bedrooms, ensuite, master bathroom and our classic façade. While the price point has been reduced through the reduction of luxury inclusions, our quality guarantees remain, providing peace of mind.
We also have a great range of duplex homes and dual occupancy if that better suits your investment plan.
Want to know more?
Get in touch to obtain a copy of our detailed investment package brochure, which includes:
- Our available Investment House and Land packages.
- An overview of the different estates where these packages are located.
- Rental comparative market analysis for each available property – providing an indication of the likely rent achievable and what similar properties in the area have been recently rented for.
- How to book an appointment with our investment professional.
Contact Bundaberg Sales Consultant Emma Hamilton on 0409 938 615 or email emma.hamilton@stroudhomes.com.au
