Bundaberg Regional CouncilEconomic profile
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Bundaberg Regional Council

Housing valuation

At June 2018, Bundaberg Regional Council had a median house valuation of $276,311, $182,049 lower than the median house valuation for Queensland.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Housing Valuation System

Housing values
Bundaberg Regional Council20182014Change
Housing value (at June)Bundaberg Regional CouncilQueenslandBundaberg Regional Council relative to QueenslandBundaberg Regional CouncilQueenslandBundaberg Regional Council relative to Queensland2014 to 2018
House--------------
First Quartile$225,946$316,285-28.6%$238,217$316,236-24.7%-$12,271
Median$276,311$458,360-39.7%$283,029$418,290-32.3%-$6,718
Third Quartile$350,425$639,156-45.2%$349,521$543,256-35.7%+$904
Unit--------------
First Quartile$188,039$273,559-31.3%$202,558$262,692-22.9%-$14,519
Median$210,146$356,880-41.1%$231,503$328,583-29.5%-$21,357
Third Quartile$263,659$444,896-40.7%$275,871$408,410-32.5%-$12,212

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Queensland: $444,896 Median, Queensland: $356,880 First Quartile, Queensland: $273,559 Third Quartile, Queensland: $639,156 Median, Queensland: $458,360 First Quartile, Queensland: $316,285 Third Quartile, Bundaberg Regional Council: $263,659 Median, Bundaberg Regional Council: $210,146 First Quartile, Bundaberg Regional Council: $188,039 Third Quartile, Bundaberg Regional Council: $350,425 Median, Bundaberg Regional Council: $276,311 First Quartile, Bundaberg Regional Council: $225,946
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Queensland: $36,486 Median, Queensland: $28,297 First Quartile, Queensland: $10,867 Third Quartile, Queensland: $95,900 Median, Queensland: $40,070 First Quartile, Queensland: $49 Third Quartile, Bundaberg Regional Council: $-12,212 Median, Bundaberg Regional Council: $-21,357 First Quartile, Bundaberg Regional Council: $-14,519 Third Quartile, Bundaberg Regional Council: $904 Median, Bundaberg Regional Council: $-6,718 First Quartile, Bundaberg Regional Council: $-12,271
Source: Hometrack 2014-2018, Housing Valuation System

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