Bundaberg East is a smaller residential area in Queensland within the Bundaberg local government area (postcode 4670). With a population of 2,839, the suburb has an established family demographic with a median age of 42. Households earn a median income of $56K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, community & personal service, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Bundaberg East is $528,000, having jumped by 15.9% over the past year. Units have a median price of $451,000 (+27% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,222.
Bundaberg East is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 922, which is below the national average of 1,000. The crime rate in the Bundaberg LGA is moderate at 4,913 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 5.4%, which reads as high yield. Property prices sit below the state median ($528K/$1.1M), which can point to relative value. The price-to-income ratio of 9.4x is considered moderate. House prices have moved +15.9% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.