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Bundaberg

It's with great pleasure to present

Your Focus Market and Property

and this is why...

In this section we briefly summarize what we know about you as an investor, which we put together from the information we’ve received from your client form, our discussions, and the communication we’ve had with your broker. We want to make sure that this is the right information, and if you feel there is some information which we’ve missed, we would like to know so that we can add this into the search brief.

DISCOVER OUR METHODS

HOW DO WE SELECT OUR MARKETS?

Targeting locations which will grow in value by understanding what these push and pull factors are, when they will occur and how long they are due to last is what allows us to make assumptions for strong market growth.

Our methodology aligns with a number of different driving factors. Some of these include government funding, economic uplifting projects, infrastructure introduction, flanking market affects and more. However, the underlying factors comes down to a couple of basic principals, supply and demand from population movement and demographic demand.

In proud partnership with Australia's top property economists. We formulate specific data reports based on our client's requirements and the markets we shop in. Our partners have been awarded the Innovation Patent Housing Market Prediction Solution, which predicts housing price changes at suburb level up to ten years into the future.

your Hot market

BUNDABERG REGION

The Bundaberg Region is a local government area in the Wide Bay–Burnett region of Queensland, Australia, about 360 kilometres (220 mi) north of Brisbane, the state capital. It is centred on the city of Bundaberg, and also contains a significant rural area surrounding the city.

Residents and visitors to the Bundaberg region have easy access to a wide variety of services and vital infrastructure. These include three major hospitals, public schools and colleges, and major campuses of CQUniversity and Institute of Technical and Further Education (TAFE).

The city, serving a population of 100,000 people, is a vital regional business hub for Queensland, boasting excellent shopping, sporting, cultural and tourism facilities and has become a popular venue for the staging of conferences and major events.

Just four hours’ drive or 45 minutes by plane from the bustling metropolis of Brisbane, Bundaberg offers the winning combination of affordable living and investment opportunity across a diverse range of industry sectors.

The city has an active business and professional community, who share their expertise and insight into building a strong and sustainable regional economy.

Market Performance Over 1 Year

Investment Opportunities

Bundaberg is building to become a leader in ag-tech, eco-tourism, bioenergy and defence supply. The region also leverages its agricultural base to manufacture many advanced food and beverage products.

Bundaberg Council

This includes news and information from Council and regarding Council services.

2020 Development Figures

Snapshot of 2020 development in the Bundaberg Region

The Hinkler Regional Deal

Regional Deals are a part of the Australian Government’s new place-based approach to regional development.

BUNDABERG NORTH 4670

Market Conditions

19.4% median market growth in 1 year

The markets movement over the past year, paired with supportive driving data shows us there is good growth to come. 

The current rental yield in the market is 7.22%

As we are looking for a positively geared property, yielding will need to be considered. We can expect this to rise due to the supporting data.

-3.43% vendor discounting shows us an understanding of the market's performance

As properties begin to grow in value, vendors are realising the interest in the market and discounting less and negotiations begin to tighten up.

Days on market have reduced since October 2020 by -51.4% to 51 days.

A reduction in days on markets indicates that pent up demand is causing property in the areas to sell at vendors expectations, which empowers the local property economy.

The number of new listings has increased by 37.5% in the last year

The increase of new listings coming onto onto the market shows that vendors are wanting a piece of the action and are willing to gauge the market.

Stock on market has increased by 23.3% over the last year

As vendors begin to realise the markets potential, savvy owners are putting their properties on the market to get in on the action. This is expected to turn in the next 4 to 6 month as values rise.

Economically influencing projects

Building Bundaberg Region Package

Bundaberg Regional Council has unveiled a multi-million-dollar suite of measures to support construction, jobs and economic development.

New Bundaberg Hospital

Status: Detailed business case

Lead: Queensland Health

Value: $500 million - $1.5 billion

Jobs: 800 – 1000 new specialist

Completion: 2026/27

International Airfreight Expansion

Status: Business case investigation

Lead: Bundaberg Regional Council

Value: $70- $80 million

Completion: unknown

Bundaberg Civic and Cultural Precinct

Status: Coming soon

Lead: Bundaberg Regional Council

Completion: Twenty year vision

Ag Tech Precinct

Status: Funded by Australian government

Lead: CQUniversity

Value: $5 million

Completion: 2021

Bundaberg Aviation Precinct

Status: Under development

Lead: Bundaberg Regional Council

Completion: 2025

Average lot size: 3,000 sqm

Bundaberg Aeromedical Hub

Status: Approved

Lead: BRoyal Flying Doctors Service and Life Flight

Value: $6 million

Completion: 1st quarter 2020

StartUp OnRamp Program

Status: Current program

Lead: Generator Bundaberg

Completion: thegenerator.org.au

100 Gig Bundaberg

Status: Funding application

Lead: Bundaberg Regional Council

Completion: Ongoing

Port of Bundaberg Expansion

Status: Advocacy

Lead: Bundaberg Regional Council

Jobs: Up to 24,000 direct and indirect jobs by 2035

Bundaberg Brewed Drinks, Super Brewery

Status: Construction to commence in 2020

Lead: Bundaberg Brewed drinks

Value: TBC

Completion: 2022/23

Regional Aquatic Centre

Status: Funding application

Lead: Bundaberg Regional Council

Completion: 2-3 years

Port of Bundaberg Expansion

Status: Completed preliminary business case

Lead: Bundaberg Regional Council

Value: $66million

Completion: 2025

Aeromedical Flight Simulator

Status: Funding from Federal Government committed under the Hinkler Regional Deal

Lead: RFDS/ Federal Government

Value: $15 million

Completion: Ongoing

Reducing Urban Glow

Status: Underway

Lead: Bundaberg Regional Council

Completion: Ongoing

Gateway Marina, Burnett Heads

Status: Under Construction

Lead: BH Development

Value: $70 million

Completion: Stage 1A December 2019

Challenger Learning Centre

Status: Funding application

Lead: Bundaberg Regional Council and NASA

Value: $7 million

Completion: 2-3 years

Mon Repos Turtle Centre

Status: Funded by State Government / Completed

Lead: Bundaberg Regional Council

Value: $22 million plus

Completion: 2019

OUR SUGGESTED PROPERTY

3 Maxwell Street Norman Gardens QLD 4701

Property details

3

1

2

Asking Price

Target Price

Potential Rent

Potential Yield

$299,000

$330,000

$380 – $400 p/w

6.99% Gross

Where is this Property?

ComparAtive properties

$ 320,000
28 Jun 2021
$ 330,000
16 Jul 2021
$ 290,000
20 Sep 2021

What should i know about this property?

Are there easements on the property?

there are no easements on the property

EASEMENT MAP
Easements are areas which need to be accessible by council or anyone with a right to access a portion or part of land. An easement could be related to sewage piping, gas lines or electrical works.

Is the property located in a flood zone?
The property does not fall within flood lines.

FLOODZONE MAP
Flood zones can be determined from river flood lines. In areas where the terrain is fairly flat and river banks overflow, properties which fall within these catchments may warrant higher insurance costs.

Is the property correctly zoned?
Development Zone: Residential

Building and council regulation states that the dwelling on top of the land needs to be classified correctly for the type of structure that it is.

Is the property in adequate condition?
YES, please see photos in the listing

In communications with the listing agent, he/she has confirmed the condition of the property is as the listing shows. This will be verified by our team in the steps moving forward.  

What are the council rates for the property?
Approximately $3,200 yearly

Council rates are paid by the owners and fund council work and operations. Generally, the smaller the population and larger the council, the higher the fee is.

What is the cost for building insurance?
Approximately $1,400 per year

In most states, building and landlord insurance is required to by the buyer one the property’s contract has been signed and exchanged. The fee above is an average for the building insurance only.

How many days has this property been on market?
This property was just listed (14/10/21)

There are 3 types of listing stages:

On-market, this is found on major portals
Off-market, this is for sale, but with the listing agency only
Pre-market, this has been presented to us outside of the public

When was the property Built?
property was built in 1990

The build year should be considered when purchasing properties of different structure types. The price of the property can be reflective of the build year vs the structure type. Some structure types age better than others. At a certain price point, it is worth remembering that land is the appreciating asset, while the dwelling is the depreciating asset.

Is the property leased, if so until when?
the property is vacant

Tenure renewals dates need to be considered in rising markets. If the market is rising, your ability to increase rental rates will only be possible at the time the tenants lease period renews.

What are the lease rates associated?
CAN BE RENTED FOR $380 - $400 per week

Lease renewal rates cannot be changed inside of lease periods, for the benefit of the tenant. 

Why is this a good option?

Please make sure to go though all the details and get back to us as soon as possible

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