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Capricorn Life | Buyers Agent

Rockhampton, Gladstone, Mackay, Airlie Beach, Emerald, Bundaberg, Yeppoon, Agnes Waters, Whitsundays

CENTRAL QUEENSLAND

1800 543 328

24/7 Customer Support

Mon - Fri: 9:00 - 17:30

Exceptional Customer Care

With many property markets across Australia going through a retraction or have slowed down, it’s full stem a head for Queensland’s farming capital Bundaberg with no signs of slowing down.

This Regional Queensland hub with over 80,000 residents has been booming for the last 24 months with many locals cashing in and interstate buyers snapping up bargains.

In the last 4 months from the September to December period in 2022 the Median House price rose 3.3% topping off a year where annual growth hit 23%.

With the current median house sitting at $523,000 it’s a marketplace that still presents as great value for money for interstate buyers from Sydney and Melbourne. But also intrastate buyers from the Sunshine Coast and Gold Coast where the median house price sits close to 1 million dollars.

Bundaberg has been a real beneficiary of intrastate migration with many Gold Coast and Sunshine Coast residents choosing to live in a more affordable area.

The team at Capricorn Life Buyers Agency recently purchased a home located at Innes Park for a family that wanted to purchase in Bundaberg rather than the Gold Coast as their budget of $900,000 was not enough to get them close to the beach on the Gold Coast.

This is a trend that will only continue and the affordability chain reaction from South East Queensland moves into Central Queensland.

The economic pipeline for Bundaberg is also strong with many big infrastructure projects planned for the area with a very high investment per capita ratio. This high level of investment and infrastructure activity has also attracted many property investors to this marketplace with our office snapping up over 40 investment properties across Bundaberg in 2022.

In our latest market update we also unveiled that the supply pipeline is looking very grim with slow year to date building approval figures. Our office believes that this low levels of approvals is likely to cause further house price pressure in the short term and the median house price to continue growing.

If you’d like to understand exactly what’s going on in the Bundaberg Property market checkout our latest data driven market update by clicking on the below link.

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