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It’s renowned as a food bowl capital on scenic coastal and hinterland backdrops. For investors, Bundaberg’s star is rising as fast as the innovative industries leading the way in economic growth.
The home of Australian icons like Bundaberg Rum and Bundaberg Sugar, this affordable coastal town has the largest regional population outside of South East Queensland. With significant infrastructure development underway, the economy is growing faster than state and national averages. This is all great news for property investors. Here’s why.
Located just three hours’ drive north of the Sunshine Coast and four hours north of the Brisbane CBD, Bundaberg is easily accessed via the Bruce Highway. For even faster links to South East Queensland, recent government approvals for upgrades ensure two new bridges, blackspot protection and intersection improvements.
Resting along the Burnett River, charming local shops and cafes in the CBD join the Bundaberg Botanical Gardens and historic architecture. Tourists and locals alike flock to the Bundaberg Rum Distillery, the Hinkler Hall of Aviation and the Moncrieff Entertainment Centre. The beautiful beaches of the Coral Coast and hinterland hiking trails provide endless recreational options in the great outdoors.
Bundaberg is self-contained with major infrastructure including Bundaberg Regional Airport. It’s located just six kilometres from the CBD and serviced by Qantas. This provides convenient access to the Southern Great Barrier Reef, including Lady Elliot and Lady Musgrave islands.
The main health care facility is Bundaberg Hospital which joins two private hospitals. Historically providing a vital link for industry, the Port of Bundaberg is 19 kilometres from the CBD. Furthermore, CQUniversity offers a Bundaberg campus with TAFE and university courses available.
Plans for the region include being an agricultural centre of excellence led by innovation.
With median house prices of just $516,000 in Burnett Heads, Bundaberg offers an affordable option for property investors. This suburb had an average rental yield of 5.0% p.a. and a combined total return - capital growth and rental yield - of 13.0% p.a. over the last 5 years.
A high demand for rental properties and good rental yields combined with desirable lifestyle options ensure Bundaberg is a magnet for investors.
With the largest regional population outside of South East Queensland, the area is undergoing significant infrastructure development, which is expected to further drive economic growth and property prices.
Bundaberg has beautiful beaches, the Burnett River and hinterland scenery on the doorstep. Natural beauty, along with proximity to transport, healthcare, quality schools and tertiary education and jobs make it a great place to live... and invest.
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