Located in Queensland within the Bundaberg local government area, Svensson Heights is a compact suburb (postcode 4670). With a population of 3,334, the suburb has a settled mid-life population with a median age of 44. Households earn a median income of $55K per year, with an average household size of 2.2 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 community & personal service, professionals, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
Median house prices in Svensson Heights stand at $440,000, having climbed sharply by 14.3% over the last twelve months. Units have a median price of $360,000 (+45.3% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $1,213.
The crime rate in the Bundaberg LGA is moderate at 4,913 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 6.7% (high yield). Property prices sit below the state median ($440K/$1.1M), which can point to relative value. The price-to-income ratio of 8.0x is considered moderate. House prices have moved +14.3% 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.