The Real Estate agents Market in Bundaberg QLD

About Bundaberg, QLD

Bundaberg is a city in south-east Queensland, Australia, about 385 kilometres (239 mi) north of the state capital, Brisbane. It is 15 kilometres (9.3 mi) inland from the coast and situated on the Burnett River. It is a major centre within the broader Wide Bay–Burnett geographical region.

Bundaberg is the business centre for a major sugar cane growing area, and is well known for its namesake export, Bundaberg Rum. The city is an important tourism gateway for inland national parks and the southern end of the Great Barrier Reef and resort islands. It is the seat of the Bundaberg Regional Council.

At the 2016 Census population of the Bundaberg Significant Urban Area was 69,061.[1]

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Real Estate Market Profile for Bundaberg & Bargara:

 

Bargara is a suburb located in the Bundaberg Regional local government area of Bundaberg, Queensland. Bargara has a population of 6893 residents, with an average income of $717. The median price for houses is $376,706 and the median price for units is $284,416. House prices in Bargara have grown by -3.48% in the past 3 years and -2.01% last year. Unit prices in Bargara have grown by -10.31% in the past 3 years. The average house in Bargara is rented for $360 per week and returns a rental return of 4.73%. The median weekly rental price on units is $420 and the rental return is 5.65%. Houses in Bargara take an average of 217 days before selling and the average time for a unit to sell is 182 days. There were 120 houses sold last year and 33 units sold last year in Bargara.