AFFORDABLE HOMES
Bundaberg region is the place to own AS A multifaceted profession, real estate is about understanding the local market, following the latest trends and using experience and customer service to stay on top. The REIQ appointed 16 zone chairs this year to represent Queensland’s largest real estate markets. Re-appointed Bundaberg zone chairwoman Richardson and Wrench Bargara Beach’s Le-Anne Allan, remains positive saying the Bundaberg region property market displays some exceptional values for owner occupiers and investors. “Pockets within Bundaberg remain strong with well-maintained, well-presented and well-priced properties remaining an attractive property purchase,” she said. “With the Federal Government’s First Home Buyer Deposit Scheme, it has never been a better time for first home buyers to secure a great step into the property market. The coastal suburb of Bargara continues to enjoy buyer demand from out of area buyers looking for that quintessential seaside lifestyle relocation. Demand for properties in the $300,000-$450,000 is the strongest driver of buyer interest and buyers are travelling from western Queensland areas like Emerald, Toowoomba, north to Mackay and Rockhampton and south to Brisbane and the Gold Coast. “The new Bargara Headlands Estate at Innes Park has seen some phenomenal sales
interest since the official opening in January with over 20 blocks already under contract. “Buyers for this estate have been locals from Bundaberg and along the coastline.” First-home buyers have flocked to the property market and signed up a decade-high number of new loans. New statistics released by the Australian Bureau of Statistics showed in December that the number of first-time buyers increased by 6.2 per cent in seasonally adjusted terms to a monthly total of 9606 – the highest level since December 2009. The total value of loans was $3.96 billion, and the average loan size was $412,240. The new loans taken out by first-home buyers also climbed by 21.3 per cent in December compared to December 2018. A recovering housing market, the easing of lending rules and record-low interest rates have been highlighted as the reasons for the sharp incline in first-home buyer activity. This is echoed in the rental market with the REIQ reporting vacancy rates remain steady, moving slightly by 0.1 per cent from 2.2 per cent in the September quarter, to 2.1 per cent for the December quarter. Bundaberg rental market vacancies have tightened again to 1.5 per cent up from 2.6 per cent last quarter. This specialist book is designed to give you valuable choices throughout the local market – properties that stand out for their size, location, style and added extras.
Editor/writer: Angela Norval with contributions by Aleisha Dawson. Photography: Contributed/iStock. Advertising: Ingrid Barham, (07) 4153 8530. Editorial inquiries: (07) 4153 8572. Published By: Bundaberg Newspaper Company Pty Ltd (ABN 68 009 656 955) at 36-38 Woondooma Street, Bundaberg and printed by News Corp Australia, 54 Pioneer Rd, Yandina, Qld. Publisher’s Indemnity: Affordable Homes is published by NewsCorp Australia in Bundaberg.Those who make advertising placement and/or supply copy material or editorial submissions to the magazine undertake to ensure all such materials do not infringe the Trade Practices Act or other laws, regulations or statues. They agree to indemnify the publisher and/or its agents against any investigations, claims or judgments.
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