Bundamba is a mid-sized suburb in Queensland within the Ipswich local government area (postcode 4304). With a population of 6,542, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $72K per year, with an average household size of 2.5 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Bundamba is $531,000, having surged 16.7% over the past year. Units have a median price of $406,000 (+22.5% YoY). The current median weekly rent is $575. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,300.
Bundamba is served by 3 schools, including 1 primary, 1 secondary, 1 special. The average ICSEA score is 891, which is well below the national average of 1,000. Public transport access includes 3 rail stations, 28 bus stops. The crime rate in the Ipswich LGA is moderate at 6,690 incidents per 100,000 population.
From an investment perspective, Bundamba offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($531K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +16.7% year-on-year.
Bundamba is a mid-sized suburb in Queensland within the Ipswich local government area (postcode 4304). With a population of 6,542, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $72K per year, with an average household size of 2.5 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Bundamba is $531,000, having surged 16.7% over the past year. Units have a median price of $406,000 (+22.5% YoY). The current median weekly rent is $575. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,300.
Bundamba is served by 3 schools, including 1 primary, 1 secondary, 1 special. The average ICSEA score is 891, which is well below the national average of 1,000. Public transport access includes 3 rail stations, 28 bus stops. The crime rate in the Ipswich LGA is moderate at 6,690 incidents per 100,000 population.
From an investment perspective, Bundamba offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($531K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +16.7% year-on-year.