Average price trends
582,500
Feb
570,500
Mar
636,800
Apr
What are the property taxes in Bundaberg and are there any other ongoing costs I should consider?
In Bundaberg, Queensland, Australia, property taxes, known as council rates, vary depending on property type and value. On average, residential properties may incur annual rates from $ 1,500 AUD to $ 2,500 AUD. Additionally, consider ongoing costs such as water usage charges, home insurance, and maintenance. More precise costs can be checked at bundaberg.qld.gov.au.
What types of upfront costs and fees will I have to pay when purchasing a property in Bundaberg?
When purchasing a property in Bundaberg, upfront costs may include stamp duty, building and pest inspections (approx. $ 500 AUD), legal fees (around $ 1,500 AUD - $ 3,000 AUD), loan application fees, mortgage insurance if applicable, and a deposit, typically 5-20% of the purchase price. Costs vary based on property price and buyer circumstances. Always confirm specifics with your service providers.
How does the Bundaberg property market compare to ther regions in the Australia?
The median house price in Bundaberg is approximately $ 365,000 AUD, which is more affordable compared to Sydney's median of around $1.41 million AUD and Melbourne's at about $ 941,000 AUD. This makes Bundaberg an attractive option for buyers seeking more affordable housing options in comparison to Australia's larger metropolitan areas.
How competitive is the Bundaberg property market?
The property market in Bundaberg, Queensland, Australia, is competitive, exhibiting an upward trend in prices and demand. As of February 2023, the median house price in Bundaberg reached $ 365,000 AUD, showcasing a substantial year-over-year growth. This rise reflects a dynamic market, driven by factors such as lifestyle appeal and affordability compared to metropolitan areas.
