Unveiling Bundaberg's Housing Market: The Best & Worst Suburbs in terms of House Median Price Growth over the last 12 Months.

At First National Bundaberg, we've compiled the definitive list of both the top-performing and underperforming suburbs over the past 12 months. Prepare to be astonished by the surprising insights gleaned from our data!

House Median Price Changes from December 2022 to December 2023

1. Thabeban: $360,000 (2022) → $479,000 (2023)

2. Bundaberg East: $341,000 (2022) → $432,000 (2023)

3. Svensson Heights: $365,500 (2022) → $435,000 (2023)

4. Millbank: $360,000 (2022) → $427,500 (2023)

5. Avenell Heights: $392,254 (2022) → $461,000 (2023)

6. Walkervale: $340,000 (2022) → $397,500 (2023)

7. Sharon: $560,000 (2022) → $650,000 (2023)

8. Gooburrum: $640,000 (2022) → $742,500 (2023)

9. Burnett Heads: $487,500 (2022) → $560,000 (2023)

10. Bundaberg North: $350,000 (2022) → $400,000 (2023)

11. Bargara: $620,000 (2022) → $705,000 (2023)

12. Bundaberg West: $380,000 (2022) → $428,000 (2023)

13. Norville: $375,000 (2022) → $420,000 (2023)

14. Branyan: $500,000 (2022) → $555,000 (2023)

15. Kepnock: $407,290 (2022) → $450,000 (2023)

16. Moore Park Beach: $510,000 (2022) → $555,000 (2023)

17. Avoca: $448,500 (2022) → $486,000 (2023)

18. Ashfield: $621,000 (2022) → $661,500 (2023)

19. Kalkie: $499,000 (2022) → $520,000 (2023)

20. Bundaberg South: $345,000 (2022) → $355,000 (2023)

21. South Kolan: $485,000 (2022) → $488,000 (2023)

22. Coral Cove: $730,000 (2022) → $730,000 (2023)

23. Elliott Heads: $602,250 (2022) → $590,000 (2023)

24. Innes Park: $750,000 (2022) → $730,000 (2023)

25. Qunaba: $575,000 (2022) → $542,500 (2023)

26. South Bingera: $522,500 (2022) → $462,000 (2023)

27. Bucca: $630,000 (2022) → $542,500 (2023)

28. Oakwood: $542,500 (2022) → $447,500 (2023)

Best Performing Suburbs for Median Price Growth from December 2022 to December 2023

Best Performing

1. Thabeban: 33.06% increase

2. Bundaberg East: 26.69% increase

3. Svensson Heights: 19.02% increase

4. Millbank: 18.75% increase

5. Avenell Heights: 17.53% increase

6. Walkervale: 16.91% increase

7. Sharon: 16.07% increase

8. Gooburrum: 16.02% increase

9. Burnett Heads: 14.87% increase

10. Bundaberg North: 14.29% increase

11. Bargara: 13.71% increase

12. Bundaberg West: 12.63% increase

13. Norville: 12.0% increase

14. Branyan: 11.0% increase

15. Kepnock: 10.49% increase

17. Moore Park Beach: 8.82% increase

17. Avoca: 8.36% increase

18. Ashfield: 6.52% increase

19. Kalkie: 4.21% increase

20. Bundaberg South: 2.9% increase

21. South Kolan: 0.62% increase



Static Growth

22. Coral Cove: 0.0% increase



Worst Performing (Decrease in Values)

23. Elliott Heads: -2.03% decrease

24. Innes Park: -2.67% decrease

25. Qunaba: -5.65% decrease

26. South Bingera: -11.58% decrease

27. Bucca: -13.89% decrease

28. Oakwood: -17.51% decrease

Takeaways

Thabeban

Thabeban stands out with its remarkable 33% increase, highlighting its previous undervaluation relative to other Bundaberg suburbs. Positioned similarly to other sought-after areas within Bundaberg City, Thabeban boasts advantageous location benefits and enjoys the distinction of being one of the few flood-free suburbs in the region. Consequently, property prices in Thabeban have swiftly ascended to align with its counterparts, shedding its former status as a locale of discounted rates.

After growth on the coast? Burnett Heads, Bargara and Moore Park Beach are the places to be!

It's unexpected to note that not every Bundaberg Coastal suburb has witnessed a surge in property prices. Surprisingly, Elliott Heads and Innes Park have both experienced a decline in property values during this period, while Coral Cove has remained relatively stagnant.

Honourable Mentions

Bundaberg East

Bundaberg East has seen remarkable growth during this period, fueled by its excellent location and diverse range of dining options. Being the closest inner-city suburb to Bargara, it's not surprising that Bundaberg East has claimed the second spot in terms of median home price growth over the last 12 months.

Prepared by First National Real Estate Bundaberg. © Property Data Solutions Pty Ltd 2024 (pricefinder.com.au)
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